This article has been adapted from specific stair and railing specifications that are similar among codes and countries (but not identical). -- IBC, IRC, BOCA, Kingston NY Stair Code, New York State Residential Building Code for Stairs (included here), Florida, Pennsylvania, New Jersey, & other sources.
Average APY. According to CNN Money, the average annual percentage yield on a savings account in the United States was just 0.06 percent in 2013. This means that if you nested away $100,000 in the average savings account, it would net you an additional $60 in interest over the course of one year.
Calculate the bank interest earned on your savings account on a single deposit after a term of 1 year. The compound interest formula will help you determine the interest earned on your savings account with a single deposit and when the interest is compounded daily, monthly or quarterly.1  Determine the variables used in the standard compound interest formula to calculate the interest earned on your savings account.. Use the accumulated savings formula to determine interest. Calculate the interest earned on your savings account with recurring monthly deposits and interest compounded daily, monthly or quarterly. 1  Use the accumulated savings formula to calculate the interest earned when recurring deposits are made.