1. The Annual Percentage Yield (APY) is accurate as of . The interest rate and corresponding APY for savings is variable and is set at our discretion. This is a tiered variable rate account. Tier one $0-$9,999.00 earns 0% APY; tier two $10,000-$24,999.99 earns 2.45% APY; tier three $25,000-$49,999.99 earns 2.45% APY; tier four $50,000- $99,999.99 earns 2.45% APY; tier five $100,000 or greater earns 2.45% APY. Interest rates may change as often as daily without prior notice. Fees may return earnings. Must be new funds to receive stated rate. NOTE: “New Funds” is defined as funds that did not originate from another Axos Bank or UFB Direct account.
2. Federal regulations limit certain types of transfers from a money market or saving account to a combined maximum of six per month. If the limit is exceeded, an excess fee for each withdrawal or transfer over the limit will be assessed. If transfers exceed this limit more than occasionally, we will convert the account to a type not subject to transfer limits or close the account. Deposit Account Agreement and Disclosures for details.
3. We use the daily balance method to calculate the interest in your account. This method applies a daily periodic rate to the daily collected balance in your account. The Collected Balance is the balance of all deposits in your account on which we have received credit for the deposited funds (determined by the availability schedule of our Federal Reserve Bank for non-cash items).