2006-09-02 05:16:57 · 3 answers · asked by Chucky 1 in Business & Finance ➔ Personal Finance
Many typical savings account today in the US are paying above 5% so 1,000,000 (million) * 5/100 (5% yearly) / 12 (months)=$4166 per month per million (166k per month on the $40 million) assuming you withdraw the interest per month otherwise it would compound. However if you have a million or more, these rates can be negotiated much higher, and there are many other alternatives that can give you the liquidity of a savings account and pay higher rates like investing 1/20 of the money quarterly in 5 year cd's, plus there are investments, hedge funds etc. etc.
2006-09-02 05:28:56 · answer #1 · answered by ken 3 · 0⤊ 0⤋
Withe the rate right now about 5% per year
so it about 2 millions/year with 5% earn
2006-09-02 16:59:23 · answer #2 · answered by Hoa N 6 · 0⤊ 0⤋
It would depend on the interest rate being paid. If you have 40m then you really dont have a problem.
2006-09-02 05:20:56 · answer #3 · answered by Thomas H 4 · 0⤊ 0⤋