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How does the dividend rate for Premium Rewards Checking work?

April 26, 2017checking dividend Premium rate rewards

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How does the dividend rate for Premium Rewards Checking work?

1 Answer

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10 Posted

You will receive 4.00% Annual Percentage Yield (APY) if requirements are met on balances up to $15,000. On balances over $15,000 the APY is 0.50%. – IF requirements are not met, you will still receive 0.10% APY. – The dividends are calculated on your daily average balance and credited monthly.