Based on the interest that your savings account pays per year, the interest paid per month is 0.21%.
How much interest is paid per month?
The interest paid per month can be found by dividing the yearly interest by the 12 months of the year.
Therefore, solving gives:
= Annual interest / 12 months
= 2.5% / 12
= 0.21%
In conclusion, this is 0.21%.
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