Lux Investing - How do high yield cds work?

How do high yield cds work?

If I invest $5,000.00 in a HIgh yield CD at 5.3% for 8 months.....what will happen after that 8 months?

Probably nothing! Usually high yield CD's are long term. Check with different banks. Each bank offerers similiar CD rates. The more you put in, the higher the yield. The longer the term, the higher the interest received. Good luck!
5.3% for a cd is paltry. You can put it in a paypal account and earn 5.04% and take it out anytime. Doesn't matter if you have $1 or $10,000, you still get 5.04%. You can transfer the money to your own bank and have it withing a few days.
After 8 months, your CD will mature. Your bank will notify you by mail about 2 weeks before it matures. You will have one week after the CD matures to decide if you want to take the money out. If you don't take the money out it automatically rolls over into a new CD with the current interest rate being offered at that time. If 5.3% is the APY you would have $5,175.15. Use the calculator below to pay around with rates and terms.