Yes, you are supposed to report your interest income of $5. If your amount is $.49 or less, you can disregard it as it would round down to $0.
No, you don't have to disclose a foreign bank account with a balance of $50 unless it is a part of a group of foreign accounts whose value exceeded $10,000 at any time during the calendar year reported.
Click here to learn more about FBAR.
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