Sentences with phrase «+ on certificates of deposit»
With a minimum deposit of $ 2,000, Synchrony Bank has rates that go beyond the national average + on certificates of deposit with terms from 3 - 60 months.
https://www.synchronybank.com/ Not exact matches
(2) If an institution offers a $ 1,000 two - year certificate of deposit on which it pays a 6 % interest rate, compounded daily, for the first year, and a 6.5 % interest rate, compounded daily, for the next year, the total interest for two years is $ 133.13, and, using the general formula above, the annual percentage yield is 6.45 %: APY = 100 -LSB-(1 + 133.13 / 1,000)(365/730)-- 1]
(2) If an institution pays $ 30.37 in interest on a $ 1,000 six - month certificate of deposit (where the six - month period used by the institution contains 182 days), using the general formula above, the annual percentage yield is 6.18 %: APY = 100 -LSB-(1 + 30.37 / 1,000)(365/182)-- 1]