Question: Savings account question? Ok im a little confused on the interest rate of a savings account. \n\nim going to use the rate of bank of america cause thats the one im looking at right now. \n\nSo if i put 1,000 dollars into thier regular savings account that has a 0.50 interst rate% for both the reg and APY. how much do I get a day, month, and year?

Answer: 1.  For a Year @ Bank of America:   $ 5.00\n2.  For a Year @ GMACBank.com:      $47.00\n3.  For a Year @ INGDirect.com:     $40.00\n(all based on APY)\n=====================================================\nBTW: EverBank.Com Free Checking:    $30.00\n=====================================================\nBetween my answer and others.... you should be able to figure out the rest.  (All of these banks are FDIC insured)
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