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DaFunkyUnit · 04-05-2007, 12:56 PM

n00b-ish question

When opening a CD account from ING, they ask if you'd like interest disbursements. Well, if you elect not to have interest disbursements, the interest you gain goes into the CD account, right? and does that interest that you earn end up gaining interest, ie. does it compound?

tia
daUnit

04-05-2007, 12:56 PM	#1
DaFunkyUnit Rear Admiral Upper Half Join Date: Oct 2000 Location: the peanut gallery Posts: 3,909	Question about CD, specifically from ING n00b-ish question When opening a CD account from ING, they ask if you'd like interest disbursements. Well, if you elect not to have interest disbursements, the interest you gain goes into the CD account, right? and does that interest that you earn end up gaining interest, ie. does it compound? tia daUnit __________________