Quote:
|
Originally Posted by The_Tick
So if I understand interest correctly....
If I deposit 1000....
I make about 41.50 a month on that 1K?
|
Ha, I wish. The 4.15% is an Annual Percentage Yield. You would make 41.50 in a year with a G in an ING account.
Interest is deposited at the end of each month into your account. Your total interest dividends for a year would equal 41.50.