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When you hold on to someone's money for an extremely long time, do you earn any interest on that money?
by jononomo 3y ago
When you hold on to someone's money for an extremely long time, do you earn any interest on that money?
- shrubble 3y agoYes, since it is all going into the same bank account... $600K on 9 months at 5% (best I see is 5.25% for 1 year https://www.bankrate.com/banking/cds/cd-rates/ https://www.bankrate.com/banking/cds/cd-rates/ ) would be 75% of $30K = $22.5K .