What does the interest rate mean?
The interest rate is the amount of interest due per period, as a proportion of the amount lent, deposited or borrowed.
Can I take money out of a savings account?
Yes!
When is interest paid?
Interest is credited to your account every month at the end of your statement cycle.
What does APY stand for?
APY stands for annual percentage yield. The annual percentage yield is the effective annual rate of return taking into account the effect of compounding interest. The resultant percentage assumes that the funds will remain in the investment vehicle for a full 365 days.
