Why does my bank account with the most money have the least interest?
sweetfilipinachick asked:
I started off with one bank account & then I added another one after a year & a half.
I transferred all the money from my first account to my newest account. Last month I saw the interest for both accounts & my old account had more even though it has the least amount of money. I am so new with banking, it’s my first time. So how does it work?
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Loading ...Tags: Amount Of Money, interest in my bank account, multi bank account question, old bank account
You need to find out the interest rate, how often interest is credited, and whether or not it is compounded.