Your Interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on your account daily. Interest begins to accrue on the business day you deposit non-cash items (for example, checks).
Interest is compounded monthly and credited on the last day of each monthly cycle. if you close your account before interest is credited, you will not receive the accrued interest.
The average daily balance method is used to calculate interest on your account. This method applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.