Rate information – See current rates*. At our discretion, we may change the interest rates for this account. The interest rates and annual percentage yields may change weekly.
Tier 1 – Average daily balance of $2,500 or more*
Tier 2 – Average daily balance of $1,500 to $2,499.99*
Tier 3 – Average daily balance of $500 to $1,499.99*
Tier 4 – Average daily balance less than or equal to $499.99*
Compounding frequency – Interest will be compounded monthly.
Crediting frequency – Interest will be credited into this account monthly.
Average daily balance computation method – Interest is calculated by the average daily balance method which applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period. The period we use to make this calculation is monthly.
Accrual of interest on non-cash deposits – Interest will begin to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks) into your account.
Minimum balance to open – The minimum balance required to open this account is $500.
Minimum balance to avoid service charge – $10 service charge per month if $500 minimum balance or $750 average available balance is not maintained.
Deposit limitations – You may make an unlimited number of deposits into your account.