At 3.75% APY, $10,000 earns about $375 in interest over one year, bringing the total balance to $10,375.
| Amount deposited | APY | Interest after 1 year | Ending balance |
|---|---|---|---|
| $10,000 | 3.75% | $375 | $10,375 |
That averages out to $31.25 per month, although the amount credited each month depends on the account's compounding and crediting schedule. This estimate assumes no additional deposits or withdrawals.
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