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most savings accounts only earn like 1.4% per annum..
some earn as much as 3-4%, like ING Direct (used to, dunno what it is now)
you should move as much of that money as the bank will let you into a money market account.. you might earn 2-3x as much interest and it's insured up to $100k usually (though in all reality there's no risk to your money unless the dollar collapses.. in which case we're fucked anyway)
so anyway..
400 * 12 = 4800
4800 1.4
--- = ---
x 100
1.4x = 480000
--- --------
1.4 1.4
you've got $342,857 in a savings acct? wtf?
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