Jinn

I think I'm grossly misunderstanding the CDs (Certificates of Deposits). At first I didn't know what it stood for, but now I don't see why someone would invest in them.

Say, for example, I was offered a 4.11 APY CD. If I invested $1000, I would make .. $41.10 in a year? That seems like a horribly low return... am I missing something? Compounding interest or .. ?

EDIT: Just looked around, and found this post: http://www.tfproject.org/tfp/showpos...62&postcount=4

Is it this? By that math, I would make $1174.81 after 5 years? It still seems a bit low: I can make $174 in two days of work.. 5 ..YEARS?

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