text: savings account question? ok im a little confused on the interest rate of a savings account.   im going to use the rate of bank of america cause thats the one im looking at right now.   so if i put 1,000 dollars into thier regular savings account that has a 0.50 interst rate% for both the reg and apy. how much do i get a day, month, and year? 1.  for a year @ bank of america:   $ 5.00 2.  for a year @ gmacbank.com:      $47.00 3.  for a year @ ingdirect.com:     $40.00 (all based on apy) ===================================================== btw: everbank.com free checking:    $30.00 ===================================================== between my answer and others.... you should be able to figure out the rest.  (all of these banks are fdic insured)