explain savings interest gains

jasonandtina
New Community Member

can someone explain how the interest on PayPal savings works. i recently opened a PayPal savings in October I deposited $20 in my account then and at 2.20% interest I only earned .01 cent understandable due to only having it open for a little over a week. but now for the whole month of November i have deposited $20 a week in my savings and at the end of November i had $100.01 in my account and the apy was at 3.25%. now today when I looked at what i earned in interest to my surprise it did not calculate correctly. with $100.01 in my account and an apy of 3.25% i should have earned .27 cents in interest bringing my total to $100.28 but when i looked my balance was only $100.17 now that does not add up unless paypal charged me a fee. someone please explain because i am not getting any answer from paypal.

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1 REPLY 1

Flowerkid
New Community Member
I have questions about that too. Is there a minimum and maximum you can keep in there for the highest interest? Synchrony has never been my favorite bank to work with.
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