
My math skills seem to have fallen by the way side. Or maybe things are different now....?
Anyway, I was taught (I think) that you would read 30% as "thirty percent, " and .03% as three percent. Got a notice from the bank on a CD renewal. It read 0.03%.
What's your guess? Would any bank be paying 3% nowadays? 
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Agnes, my math skills have never been good, but I think ".03" means 3/100(s) of 1 %!!! "3 tenths of 1 percent" would be ".3" Any number on the left of the decimal point is a whole number; on the right side, a fraction. I won't be offendedstupid, maybe, but not offendedif I'm corrected. In a way, I hope I'm wrong; even 3 tenths of 1 percent is better than 3/100 of 1 percent! 

 Posted by west_gardener (My Page) on Mon, Aug 13, 12 at 19:06
'Would any bank pay 3% nowadays?' I have not found any bank that pays 3% on any CD. I don't know how to the % math, but you are right in questioning the numbers. See the link below. 
Here is a link that might be useful: CD rates

Here is what I copied from the site listed below: "Percent to Decimal Percenttodecimal conversions are easy; you mostly just move the decimal point two places. The way I keep it straight is to remember that 50%, or onehalf, of a dollar is $0.50. In other words, you have to move the decimal point two places to the left when you convert from a percent (50%) to a decimal (0.50). Some more examples are: 27% = 0.27 I wish banks WERE paying 3% again like they use to! I think the best rates for a 1 year CD is around 1%1.2%. 
Here is a link that might be useful: Percent to Decimals

Here is a site that is helpful with converting percents to decimals. It's disgusting the low rate that CDs are earning now. 
Here is a link that might be useful: Percents to Decimals

Sorry about the double post! My computer was acting as though the first post was never completed. Oops........... 
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