explain savings interest gains
- Mark as New
- Bookmark
- Subscribe
- Mute
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
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.
- Labels:
-
Other Instruments & Wallets
- Mark as New
- Bookmark
- Subscribe
- Mute
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content

Haven't Found your Answer?
It happens. Hit the "Login to Ask the community" button to create a question for the PayPal community.