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User Panel
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Posted: 8/13/2014 10:44:44 PM EDT
[#1]
No, you get $1003 back, pay taxes on $3, and walk with a whole $2. In the meantime the bank is still charging 4.5% on a mortgage and laughing all the way to the, well, bank.
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Posted: 8/14/2014 10:16:57 PM EDT
[#2]
It is .3% per year. $1000 X .3% = $3 but that is only if you leave it there a whole year. .3% annually on three months is 1/4 of that.
You put in $1000 for three months and get back $1000.75 |
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Posted: 8/15/2014 2:00:16 PM EDT
[#3]
Quote HistoryQuoted:
It is .3% per year. $1000 X .3% = $3 but that is only if you leave it there a whole year. .3% annually on three months is 1/4 of that. You put in $1000 for three months and get back $1000.75 ^this you could do way better with something like Ally bank's savings account that pays 0.87%, totally free, no restrictions, no minimum. actually, Everbank's money market has a better deal: FIRST-TIME MONEY MARKET CLIENT1 BalancesBonus*1st-yr APY $0 - $50,0001.40%1.01% |
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