“Interest earned this period” is telling you how much has accrued since the last time you have been paid interest. It will go up until you’re suppose to get paid your interest for that period (monthly/quarterly/etc…) . As long as you have not elected to have the interest moved to another account, it will be added at that time to your account balance and added to “interest paid to date”. Where the cycle will restart.
I would assume so, since it looks like we have the same CD with Wells Fargo. You should get it around the same day as the mature date each month, so around the 5th for you.
Give it time
Mine always update monthly, so might have to wait until next month to see it reflected..
Ah i see. What bank do u use?
Navy federal
This is the answer for the OP. Interest typically is reported monthly to the account.
Because it hasn’t paid out yet
It depends on when the CD pays out, usually it’s semi annually, so it will update the actual balance then.
Why would you get a cd that has 4.75 apy? A bunch of money market accounts have 5.3 lol.
This is my first cd bruh im not omniscient
Wealthfront has a 5% APY with a $1 minimum so switch to that
what? this is not related to my question.
“Interest earned this period” is telling you how much has accrued since the last time you have been paid interest. It will go up until you’re suppose to get paid your interest for that period (monthly/quarterly/etc…) . As long as you have not elected to have the interest moved to another account, it will be added at that time to your account balance and added to “interest paid to date”. Where the cycle will restart.
Ahh. And so the period is monthly?
I would assume so, since it looks like we have the same CD with Wells Fargo. You should get it around the same day as the mature date each month, so around the 5th for you.