Interest on Balances in the Deposit Accounts o The interest rates on the Deposit Accounts will be determined by the amount the Banks are willing to pay on the Deposit Accounts. Interest paid to you may be less than received on the Deposit Accounts, as set forth below under “Information About Your Relationship With Aspiration and the Banks – Fees to Aspiration.” o You may access our web site by logging in at xxx.xxxxxxxxxx.xxx to determine the current interest rate on the Deposit Accounts. Interest rates may change daily and will be available on the business day the rates are set. Interest will accrue on Deposit Account balances from the day funds are deposited into the Deposit Accounts at a Bank through the business day preceding the date of withdrawal from the Deposit Accounts at the Bank. Interest will be compounded daily and credited monthly. o The Banks do not have to offer the highest rates available or rates comparable to Money Fund yields. o The interest rates paid with respect to the Deposit Accounts at a Bank may be higher or lower than the interest rates available to depositors making deposits directly with a Bank or other depository institutions in comparable accounts and for investments in money funds and other cash equivalent investments available through Aspiration. You should compare the terms, interest rates, required minimum amounts, and other features of the Program with other accounts and alternative investments. ● All transactions in the Deposit Accounts related to your funds therein will be confirmed on your periodic Account statement. ● For each statement period, your Account statement will reflect: o Deposits and withdrawals made into Sweep Banks at the end of each period in connection with the Sweep Program o The opening and closing balances of your funds within the Deposit Accounts at each Bank at which you have funds ● Aspiration, and not the Banks, is responsible for the accuracy of your statement. Aspiration can assist you in understanding your Account statement and can answer any questions you may have about your statement. ● You may obtain information about your funds within the Deposit Accounts, including balances and the current interest rates, by accessing your Brokerage Account by logging in at xxx.xxxxxxxxxx.xxx.
Interest on Balances in the Deposit Accounts. Interest rates on the Deposit Accounts may vary and are impacted by several factors, including the amount paid on deposits by U.S. Bank, costs incurred and revenue retained by USBI, market environment, competitive factors and other factors. The same rate of interest will be paid on your DDA and if established, your MMDA. You may contact your Wealth Management Advisor, Wealth Manage- ment Brokerage Services or access our web site at www.usbank. com/usbi/rates to determine the current interest rate on the Deposit Accounts and other sweep investments we offer. Interest rates may change daily and will be available on the business day the rates are set. Interest will accrue on your Deposit Account balances from the day funds are deposited into the Deposit Accounts at U.S. Bank through the date of withdrawal from the Deposit Accounts at U.S. Bank. Interest will accrue daily and be credited monthly. The interest rate on the Deposit Accounts may be higher or lower than the interest rates available to depositors making deposits directly with U.S. Bank or other depository institutions in comparable accounts or for investments in money market funds and other cash equivalent invest- ments available through USBI. USBI has no obligation to ensure you re- ceive a particular rate or the highest rate available. You should compare the terms, interest rates, required minimum amounts, charges and other features of the Deposit Accounts with other accounts and alternative investments. Alternative investments may not be FDIC insured.
