What specific account types or investment vehicles offer daily compounding interest?
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Most banks don't make a big deal of their compounding methods, even though they have to provide that information when you ask or open an account, because the true measure of an account's earnings is the Annual Percentage Yield, or APY, that takes into account interest payment, rate and compounding practices. Contact some bank or investment alternatives and ask about the yields on their accounts.
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Most banks don't make a big deal of their compounding methods, even though they have to provide that information when you ask or open an account, because the true measure of an account's earnings is the Annual Percentage Yield, or APY, that takes into account interest payment, rate and compounding practices. Contact some bank or investment alternatives and ask about the yields on their accounts.
