How do I calculate monthly interest on a regular savings account?

Let’s learn how do I calculate monthly interest on a regular savings account. The most accurate or helpful solution is served by Yahoo! Answers.

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How to I calculate my Savings Account Interest Rate?

I just opened up a Savings Account with 5.16 interest rate and it's compounded daily. If I have an amount of 150.00 in my savings account, how much will I earn in interest a month?

Answer:

5.16/365 x 30 = $0.66!!!

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Other solutions

Answer:

Every month interest is paid (3% annually is 0.25% of the account balance added every month). The next...

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Anonymous at ChaCha Mark as irrelevant Undo

How do I calculate my interest on a savings account?

Interest rate 1.85% bank balance 100.00$$

Answer:

Your interest is $1.85 a year. I worked this out by multiplying the interest rate by the balance and...

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Richoned... at Yahoo! Answers Mark as irrelevant Undo

Answer:

First you multiply 0.045 (the percent value for 4.5%) by 900, which is 40.5, and you add that to 90...

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iluvpotc3 at Yahoo! Answers Mark as irrelevant Undo

Answer:

You can find simple and compound interest calculations at http://en.wikipedia.org/wiki/Compound_in&hellip...

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Radhika at Yahoo! Answers Mark as irrelevant Undo

Can you please help me calculate my interest on savings account?

i feel that something isn't right. my interest rate is .1000%. the bank recently added 15 cents to the $800 I had in there. how does .1000% of 800 = $0.15? shouldn't it be .80 cents

Answer:

if you were getting 1.0% yes, but your only getting .1000%

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Answer:

The financial institution (bank or credit union) will publish their interest *rates*, and you can look...

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Answer:

Yes, savings accounts are accounts maintained by retail financial institutions that pay interest. These...

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ChaCha Mark as irrelevant Undo

Answer:

(Original Amount + Earned Interest) x Interest Rate x Time On Deposit = Total Interest Earned.

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Anonymous at ChaCha Mark as irrelevant Undo

Answer:

The Easy WayThe easy way to calculate compound interest on your savings account is to use an online...

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