I bought a secondary market CD from Fidelity since the rate was higher ( ~2% for 3-year CD ). In the transaction it shows I spent:
Principal amount: $36,000 Interest: $434 Net amount: $36,434
YTM: 1.99 % FIRST COUPON 01/23/2009 THIS IS AN UNSOLICITED TRADE RATINGS: NOT RATED FDIC INSURED
What is this "interest" amout? Is it something I get back when it matures? Is the 1.99% rate applicable to the principal or net amount?