How We Calculate Interest. Funds in your Save and Auto-Save Pockets earn a variable rate of interest. Your interest rate(s) and annual percentage yield (“APY”) may change. At our discretion, we may change the interest rate(s) for your Save and Auto-Save Pockets at any time without notice or limit. We may also offer interest rate bonuses and other special promotions based on various factors. We compound and credit interest to your Save and Auto-Save Pockets on a monthly basis. We use the daily balance method to calculate that interest. The daily rate is 1/365 of the interest rate (in a leap year we may use 1/366). We apply the daily periodic rate to the collected balance in your Save and Auto-Save Pockets each day. When you deposit into a Save Pocket, interest begins to accrue on the item on the business day the item posts to that Pocket. We pay interest in whole cents.
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Samples: Spend and Save Accounts Agreement, Spend and Save Accounts Agreement, Spend and Save Program Agreement