______________, in a savings account, is calculated as a percentage of what you have saved.

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09-04-2018
Business

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______________, in a savings account, is calculated as a percentage of what you have saved.

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MrsTriplet MrsTriplet · Answer 1 · 2018-04-18T17:42:55+02:00

Interest, in a savings account, is calculated as a percentage of what you have saved.

A bank will let you know what percentage of interest they pay monthly on your savings account. Each bank can vary by what they pay in interest so it is important to do your research and search for a bank that gives an amount back that is suitable to you. Keeping your money in savings allows for interest to accrue at a faster rate.