I get a penny each month in my savings...

**DarkBlood** · April 3rd, 2010, 17:54

Why do you ask? Because of this strange portion of my statement that reads...

"Dividend Through date: DDMMMYYYY"

I wonder, will they give me more as my amount in my savings goes higher?

**DavidsAwesome** · April 3rd, 2010, 23:08

...Is this serious?

Yes, your interest is based on a percentage of what you have in your savings account. Its not a high percentage though, so don't expect much.

**DarkBlood** · April 4th, 2010, 00:10

Originally Posted by DavidsAwesome

...Is this serious?

Yes, your interest is based on a percentage of what you have in your savings account. Its not a high percentage though, so don't expect much.

I need to know regardless, I can't have more than 2000 USD in my account (checking nor savings.)

I plan to save 10 USD each month until I hit 1000 so I need to know when it'll hit 2000 so I can prepare myself (if needed) to take out some money.

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when I hit 1000, since I have a Dividend Rate of 1/4% and an APY of the same percent... I will get 12 USD a month due to the percentage.