# Interest On 500000

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The monthly interest on \$500,000 will depend on the interest rate at the time the money was borrowed. Interest is usually charged as an annual rate and then broken down into monthly segments.

Using our savings interest calculator will give you an idea of what interest you will receive after tax each month or year and help you make the most of your money. Simply key in the amount of savings you have, your current interest rate and choose the tax status of your account and we’ll calculate how much interest you’ll earn on that amount.

Most banks offer an account that will pay you a higher interest rate if you keep a significant amount of money in the account – \$1,000,000 certainly counts as a "significant amount." For example, Bank of America offers a Money Market Savings Account that would pay 1.55% on \$1,000,000 – thus yielding \$15,500 on your cool million.

Which bank pays the highest interest on a fixed deposit? Compare term deposits and find the best cash investment rate for your savings of \$100K and above.

Money market rates averaged 0.182 percent, which would produce even less interest. The America’s Best Rates survey found that the best high yield savings accounts are paying about 1 percent, which would yield \$10,000 on \$1 million.

The monthly interest on \$500,000 will depend on the interest rate at the time the money was borrowed. Interest is usually charged as an annual rate and then broken down into monthly segments.

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Generating income from a \$500,000 portfolio. Someone who retires at age 70 may live to be 90 or even 100 years old. Funding 30 nonworking years will take some cash and likely some risk to keep your portfolio around as long as you might be.

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