To get the best return on your CDs (certificate of deposit), make sure you know how your interest is being calculated. 

Your CD interest can be compounded daily, monthyly, quarterly, semi-annually or continuously.

The method used will have a definite impact on how much money you earn, so make sure you know how your interest is being calculated.

The best interest deal is continuous or daily compounding. 

Here's an example that shows you how much you would earn on a $10,000 one-year CD earning 10% using different methods:

Semiannual compounding  $11,025.00

Quarterly compounding      $11,038.13

Monthly compounding         $11,047.13

Daily compounding              $11,051.56

Continuous compounding    $11,051.71

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