I tried finding answers online, but nothing seems clear to me. So, here’s what’s up: I opened a CD at a credit union for 18 months with a 4.25% APY. As far as I get it, when it’s done, I’ll get back 4.25% of my deposit plus some extra money. But here’s the thing: the account also mentions a 4.17% Dividend Rate. Will I get that like a monthly payment into my account, similar to a regular savings account?

The account info says this about the Dividend Rate: APY stands for Annual Percentage Yield. It’s about how much money you earn on your deposits in a year, considering compound interest. The dividend rate is the annual rate paid on an account, without considering compound interest.

I’m just not sure what that means for the Dividend Rate. So basically, I’m asking if that extra money will come into my account regularly.