a) Interest is compounded daily on your entire collected balance and calculated on a 365/366 day basis. Interest is credited to your account monthly. Tiered, variable rate of interest is subject to change at the bank’s discretion at any time. We use the daily balance method to calculate the interest in your account. This method applies a daily periodic rate to the daily collected balance in your account. The collected balance is the balance of all deposits in your account on which we have received credit for the deposited funds (determined by the availability schedule of our Federal Reserve Bank for non-cash items).
b) We use the average daily balance method to calculate the interest on your account. This method determines the average balance by adding the full amount of the principal in the account for each day within the statement period and dividing that figure by the number of days within the statement period. Interest is compounded daily and calculated on a 365/366 day basis.
c) Federal regulations limit certain types of transfers from a money market or saving account to a combined maximum of six per month. If the limit is exceeded, an excess fee for each withdrawal or transfer over the limit will be assessed. If transfers exceed this limit more than occasionally, we will convert the account to a type not subject to transfer limits or close the account. See our Deposit Account Agreement and Disclosures for details.
d) Included in the per item processing monthly limitation.
e) Excludes international ATM transactions.
*The Annual Percentage Yield (APY) is accurate as of . The interest rate and corresponding APY for Business Interest Checking and Business Money Market is variable and set at our discretion. Interest rates may change as often as daily without prior notice. Fees may reduce earnings.