My bank is offering me a savings account for up to $10,000 with 5% APY.
Does that mean that I will get $500 each month if I have $10,000 or does that mean ill get $500 each year if I got $10,000 in there? I am a little bit embarrassed asking this at the bank. Do any of you know of a better % that is offered by another bank?
Does that mean that I will get $500 each month if I have $10,000 or does that mean ill get $500 each year if I got $10,000 in there? I am a little bit embarrassed asking this at the bank. Do any of you know of a better % that is offered by another bank?