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Ok so I have a savings account through fidelity bank. My account is fairly new and only has $2,000 in it so they only started me off with an interest rate of 0.1%. That being said, suppose I were to deposit a million dollars tomorrow. What would the .1% interest be? Also is that paid monthly or yearly? And since I would be putting in a large amount all at once, would that actually boost my interest rate? This is for homework help for my niece in 7th grade lol thanks in advance for all your help
QUestions about savings account and interest rates? Suppose I deposited $1,000,000.....?
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