For cash deposits, interest will begin to accrue the same day on which the funds were deposited. This method applies a daily periodic rate to the principal in the account each day.Īccrual of interest on deposits – For all types of non-cash deposits, interest will begin to accrue no later than the next business day following the banking day on which the funds were deposited. The interest rates and annual percentage yields are variable and may change at any time at our discretion.Ĭompounding and crediting – Interest on your account will be compounded and credited on a monthly basis.Įffect of closing an account – If you close your account before interest is credited, you will receive any accrued interest.īalance computation method – We use the daily balance method to calculate the interest on your account. If your daily balance is $100,000.00 or more, the interest rate paid on your entire account balance will be NaN% with an annual percentage yield of NaN. If your daily balance is between $50,000.00 and $99,999.99, the interest rate paid on your entire account balance will be NaN% with an annual percentage yield of NaN.If your daily balance is between $25,000.00 and $49,999.99, the interest rate paid on your entire account balance will be NaN% with an annual percentage yield of NaN.If your daily balance is between $10,000.00 and $24,999.99, the interest rate paid on your entire account balance will be NaN% with an annual percentage yield of NaN.If your daily balance is less than $10,000.00, the interest rate paid on your entire account balance will be NaN% with an annual percentage yield of NaN.Rate information – The interest rate that your account will earn depends on the balance in the account each day: You can open the account with any amount you wish. Initial deposit requirement – There is no minimum deposit required.
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