How much interest should a savings account earn?
January 31, 2009 by admin
Filed under Questions and Answers
Entidine asked:
I had about $6,000 in a savings account last year and it earned about $12 in interest. That’s only about two-tenths of a percent. Is that right? I thought savings accounts earned 3% on average. 3% of $6,000 is $180. What gives?
Content
I had about $6,000 in a savings account last year and it earned about $12 in interest. That’s only about two-tenths of a percent. Is that right? I thought savings accounts earned 3% on average. 3% of $6,000 is $180. What gives?
Content