Thread: Newbie Savings Account: Basic question
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Old 03-31-2005, 04:56 AM
Samp Samp is offline
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Default Newbie Savings Account: Basic question
Hello!

I have a question about a basic savings account.

X Bank is offering 3 percent interest on savings accounts. X Bank says that interest is credited monthly.

I just need someone(s) to confirm that this means if I have $1,000 in the bank the entire month I will gain $30 in interest EACH MONTH AND EVERY MONTH as long as I keep that $1,000 in there.

I assume this is correct but I need some advice

Thanks all
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