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No, I mean exactly that - 4.52% each month on the balance is deposited in my account

No, you're definitely earning 4.52% per year, not per month. You get paid around 1/12th of it each month. If you earned 4.52% per month your money would nearly double every year (and nearly triple every two years).

Here's the calculation straight from PayPal - i.e. divide the rate by the days in the year, and pay that much each day. So to get the total rate, you need to wait a year.
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