- Apr 9, 2001
- 4,052
- 1
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Is my bank screwing with me? i mean seriously. I opened a CD account with a 5 years term (60months) @ 4.24% interest. I have the interest add to the original amount every month but yet, my month to month interest has been the freaking same for the last 9 months! shouldn't it be more each month since I added the interest i earned to the original amount?
Transactions from Feb 21, 2004 to Dec 21, 2004
Date Description Amount
Mar 12, 2004 INT EARNED CR $30.40
Apr 12, 2004 INT EARNED CR $32.61
May 12, 2004 INT EARNED CR $31.66
Jun 12, 2004 INT EARNED CR $32.84
Jul 12, 2004 INT EARNED CR $31.89
Aug 12, 2004 INT EARNED CR $33.07
Sep 12, 2004 INT EARNED CR $33.19
Oct 12, 2004 INT EARNED CR $32.23
Nov 12, 2004 INT EARNED CR $33.42
Dec 12, 2004 INT EARNED CR $32.46
i get my interest dividend every month on the 12.
So from the 12 of each month to the next, i get interest. I know that some month have 30 days and some have 31. but how come my interest dividend on month 10 is still the same/lower as on the first month of dividend payout?>??
I i've gotten over $200 from dividend compounded into my original CD. Shouldn't the interest on the payout #10 be somewhat more than the first payout???
Transactions from Feb 21, 2004 to Dec 21, 2004
Date Description Amount
Mar 12, 2004 INT EARNED CR $30.40
Apr 12, 2004 INT EARNED CR $32.61
May 12, 2004 INT EARNED CR $31.66
Jun 12, 2004 INT EARNED CR $32.84
Jul 12, 2004 INT EARNED CR $31.89
Aug 12, 2004 INT EARNED CR $33.07
Sep 12, 2004 INT EARNED CR $33.19
Oct 12, 2004 INT EARNED CR $32.23
Nov 12, 2004 INT EARNED CR $33.42
Dec 12, 2004 INT EARNED CR $32.46
i get my interest dividend every month on the 12.
So from the 12 of each month to the next, i get interest. I know that some month have 30 days and some have 31. but how come my interest dividend on month 10 is still the same/lower as on the first month of dividend payout?>??
I i've gotten over $200 from dividend compounded into my original CD. Shouldn't the interest on the payout #10 be somewhat more than the first payout???