Nov 8, 2010 #1 G Guppy Member Joined Feb 24, 2008 Messages 55 Reaction score 0 Points 6 If a savings account offers .10% APY on a $1,000 deposit for one year, does that mean it offers that interest once every year annually ($1.00 interest) or daily? $1.00 interest just doesn't seem like a lot to me.Help please?
If a savings account offers .10% APY on a $1,000 deposit for one year, does that mean it offers that interest once every year annually ($1.00 interest) or daily? $1.00 interest just doesn't seem like a lot to me.Help please?