How do I earn more money with CDs (Certificate of Deposit)?

Question

I am about to open a 1 year CD account. Will I earn more interest if I receive interest monthly or by getting the interest at maturity (after 1 year)? Or do you guys think it's the same amount?

Answer 1

Get it monthly because it's better.

Answer 2

In theory, you should get it monthly.  As long as they caclulate your monthly interest based off of your new amount after the interest is deposited

But most CD's give you the annual rate, divide it by 12 and that is how much you are going to earn each month, so it is probably going to be the same.