Savings Accounts

When is Savings Account Interest Applied?

Savings Account interest disbursements occur on the 5th business day of each month

Interest is calculated based on the average monthly balance (calendar month). Each day's ending balance is what is used to calculate that average monthly balance. Interest will accrue daily and will be posted to your account on a monthly basis based on a 30/365 day convention. The minimum average monthly balance in your Savings Account required to earn interest is $25,000.00.

Savings Account statements will be released by the end of the 5th business day of each month.

If you would like to view your statements, you can follow this article.