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How is interest calculated and paid?
How is interest calculated and paid?
Updated over a week ago

Interest begins to accrue on the business day we receive credit for the money you deposit. Interest is calculated using the daily balance method. This method applies a daily periodic rate to the principal balance in the account each day. Interest is compounded daily and credited monthly. If you close your account before interest is credited, you will receive the accrued interest until the date closed.

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