Does 'Interest' mean howmuch interest i paid throughout the year on my savings account?

[mcm1797]

Does 'Interest' mean how much interest I paid throughout the year on my savings account?

[VolvoGirl]

You don't pay interest on a savings account.  You RECEIVE interest, the bank pays you.  You get a 1099 INT for any interest you received from a bank, broker, fund, IRS or anyone.  They don't have to send you a 1099INT for less than $10 but you still need to report all your interest no matter how small.

Where is it asking about interest?

[DMarkM1]

You are not paying interest on your savings or checking accounts.  The bank(s) is(are) paying you interest on your money.  They will send you form 1099-INT showing the interest earned(paid), if required, as @VolvoGirl states. 

You will enter that form information in the "Income" tab, in the investment section, using the "Interest and Dividend" topic.