How CD Interest Works: Why 5.00% APY Compounded Daily Beats Monthly
Year: 2026
Type: preprint
Abstract: A 5.00% APY yields $10,500 on $10,000 after one year whether compounded daily or monthly; daily only wins by about $1.06 when 5.00% is nominal. Compare APYs. Independent technical note mirroring the canonical version: https://cashcache.co/blog/how-cd-interest-works-why-500-apy-compounded-daily-beats-monthly.php
Author: Watson, Olivia
Language: English
Subfield: Finance
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W7225559804