Hi Terry. is $150,000 in one account with an interest rate of 5% the same as having $150000 spread out over five accounts with the same interest rate .would the compound interest be the same? It seems to me that you would make more interest on your money if it was all together

Terry Says:  Whether you have one account or five accounts, if each has the same interest rate and each compounds in the same way (daily, vs monthly, or any other schedule), then the result would be the same.  BUT  many financial institutions offer a higher rate if you have a larger amount of money (typically more than $100,000) to put into one Certificate of Deposit.  You can check that out by searching CD rates at www.Bankrate.com.