We propose a configuration of a magnetic microtrap that can be used as an i
nterferometer for three-dimensionally trapped atoms. The interferometer is
realized via a dynamic splitting potential that transforms from a single we
ll into two separate wells and back. The ports of the interferometer are ne
ighboring vibrational states in the single-well potential. We present a one
-dimensional model of this interferometer and compute the probability of un
wanted vibrational excitations for a realistic magnetic potential. We optim
ize the speed of the splitting process in order to suppress these excitatio
ns, and conclude that such interferometer device should be feasible with cu
rrently available microtrap technique.