@Helen123
Many CDs ( fixed deposits type ) do not pay anything till term is up ( unless you close early ). But either way you will get APR ( annual percentage rate called out in your contract ) for the year multiplied the term expressed in years. Thus you should have a good idea of your interest earnings for the calendar year. Please talk to your bank and find out if and when they will issue a 1099-INT.
I would also ( very ) strongly recommend that you take a look at your withholding ( for the fed at least ) using your Nov. end of the moth paystub and the IRS Withholding Calculator --- this will show you how much you may or may not owe in Federal taxes at that point in time.
Is there more I can do for you --- BTW, if it not of general interest, you are welcome to PM
pk
