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How much interest does 1 million dollars earn per year?

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asked Oct 21, 2017 in Investing by Dan09 (300 points)
How much interest does 1 million dollars earn per year?

If someone has 1 million dollars in the bank in a savings account how much interest would that 1 million dollars earn in a savings account per year?

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answered Oct 22, 2017 by Jodie (35,100 points)
Assuming the interest being earned from the savings account is say 5% you would earn $50,000.00 per year on that 1 million dollars.

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