Seems you got lost in the conversation.OK I’m confused. Last month I eared $113 in my Capital One HYSA. I don’t have anything close to $600K in that account. Isn’t the math dividing the APY by 12 and then multiplying that by the account balance?
You'll have to go back to what ChromeAce wrote regarding the meaningful difference between the "fractions of percentages of fluctuating interest rates"
This is pure silliness. The amount of money you’d have to deposit to make any meaningful difference in your life based on fractions of percentages of fluctuating interest rates is so large that you’d be better off in a mutual fund.
and what ThisIsMike said about how earning (what I understood to be) an extra $100/mo would help "someone who is really struggling"
In the opposite situation, of someone who is really struggling- that extra $100 or what have you could mean some extra groceries, or maybe a free month of internet or utilities. You never know.
My response was that if you already have money in a high yield savings account, in order to earn an extra $100/month between a high yield savings account with an APY of 4.15% and a high yield savings account with an APY of 4.35%, you'd have to have at least $600,000 in the high yield savings account. And if someone has $600,000 sitting around, that person isn't "really struggling."