Why does my statement show Annual Percentage Yield Earned (APYE)?

Last updated: April 05, 2024

APYE is an annualized rate that reflects the relationship between the amount of interest actually earned on the account during the statement period and the average daily balance.

APYE is calculated monthly, so it might differ month to month or between subaccounts due to rounding or if our APY changes during the month. It may also differ from the advertised APY since it is affected by deposits and withdrawals made during the statement period, but this does not mean your interest payment was incorrect.

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