If I put 10,000 dollars in the bank, how much interest do I get in one month?

Answer 1

$8.33 for every 1% interest................

Answer 2

depends on what u put it in, checking=almost nothing, money market = pretty good. A money market is like a saving and a checking account in one. you can use it 6 times a month (above 6 there is a penalty which is only about 3 bucks for the whole month so if you use it 7x or 150x in a month it will be a flat fee) but can close it at any time, cd= better, you can get a 7 day cd, that pays about 8 bucks a week. so you can close your cd after 7 days or have it roll over. all are 3 are insured by fdic or who ever insures your bank.

Answer 3

It depends on where you put in and how long for. Banks have different plans avaliable for investors some pay more interest than others, because interests rates are low right now don't expect to get much of a return. 2 to 4 percent on your money, I would put it into a low risk mutual fund and get 10 to 15 on my money, but look at past preformance before you buy.

Answer 4

Depends on the rate

this is how to calculate

10,000 x rate / 12mo

example for a rate of 5%

10,000 x .05 = 500 / 12 = 41.66

Answer 5

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RE If I put 10,000 dollars in the bank, how much interest do I get in one month?

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Answer 6

If you HAVE to keep it ina bank, go for online savings accounts like HSBC which give you 5.05% interest. Make your money work harder. Want more? Go for a low fee no load index fund.

Answer 7

That depends on the interest rate of the account you put it in.

Answer 8

About $40. In the stock market you'd get about $100

Answer 9

it depemnd on the interest rate. if it is 6% you will get $600