A certificate of deposit (CD) is an agreement between a bank and a saver in which the bank guarantees an interest rate and the saver commits to leaving his or her deposit in the account for an agreed-upon period of time. National Trust Savings offers five-year CDs at 8.34% compounded daily, and Bank of the Future offers five-year CDs at 8.37% compounded annually. Compute the annual yield for each institution.

(Round your answers to two decimal places.)

NTS %

BF %

Determine which is more advantageous for the consumer. ---Select--- has the better offer.