Interest is compounded daily and credited to your account annually through October 31st. If your account is closed before interest is credited, you will not receive the accrued interest. If the interest amount calculated for the annual cycle is less than half a cent, interest will not be paid, and the accrual will not carryover to the next year.
The interest rate and annual percentage yield ("APY") on your account are shown in the separate Customer APY and Interest Rate Sheet ("Rate Sheet"). Your interest rate and APY may change. At our discretion, we may change the interest rate on your account at any time. An APY is an annualized rate that allows you to compare rates across deposit products. View our current rates.
