A credit union will almost always pay more interest.

The present interest on a CD is very low, less then

2%. Most banks require an investment of $500 or more.

The longer the term, the more interest is paid.

At the end of the term, you can take the money out

or reinvest the CD for another term.

CDs are really low right now, both that and all interest rates will remain low until the fed raises rates (quite a few times).

I'm researching on the smartest/best way of investing in a Certificate of Deposit. Should I do a Credit Union or Commercial Bank? I know I have to search around, but which is better usually?

Also, how does the interest get payed? If it's a 12 month long CD, will the interest get added on when it reaches the 12th month, or does the interest get added on after each month? It's probably a dumb question, I'm just making sure I know everything before investing in one.

Thanks for any suggestions, tips, or answers! Have a good day, I love you. :-)