- Previous balance - $526.53
- Interest Rate I should have received - 2.20%
- $526.53 * 2.20% = $11.584
- $11.584 / 12 months = $1.053
I think I should have received $1.05 this past month, but I actually received $0.88. Now, 88 cents is still wayyyyy more than the interest I receive from my big bank savings rate, but I'm still a little confused. Am I doing my math wrong?
I think I received a 2.00% interest rate
- Previous balance - $526.53
- Interest Rate I think I received - 2.00%
- $526.53 * 2.00% = $10.531
- $10.531 / 12 months = $0.878 or $0.88 cents
So I'm going to e-mail Ally and see if I missed something, or didn't read the fine print of something.
Anyone else have this issue?
Signed,
Mitch
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Thanks for your thoughts!