Rate Information

The interest rate for your Account will be disclosed to you prior to opening your Account. The interest rate and APY may change at any time, including daily, without prior notice. The interest rate will be based on a fixed rate, a variable rate based on an index equal to the effective federal funds rate ("EFFR"), or a tiered rate structure. If your interest rate is a variable rate and the EFFR becomes unavailable or is no longer published, we may select a substitute index or other method for determining the interest rate, in our sole discretion.

Compounding and Crediting

Interest will be compounded monthly and will be credited into this Account on the last day of each month.

Effect of Closing an Account

If you close your account before interest is credited, you will not receive the accrued interest.

Daily Balance Computation Method

We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.

Accrual of Interest on Noncash Deposits

For electronic deposits such as an ACH transfer or wire transfer: Interest begins to accrue on the business day we receive credit for an electronic deposit into your account. For an internal transfer that is completed on our system: Interest begins to accrue on the calendar day (including weekends and holidays) that the transfer is completed on our systems. If you have executed a Stablecoin Custody Agreement, for incoming Stablecoin Conversions: Interest begins to accrue on funds in your deposit account resulting from the Stablecoin Conversion on the calendar day of the on-chain transfer of stablecoins from your Custody Account to the Bank's account.

Minimum Balance Requirements

No minimum balance requirements apply to this account.

Deposit(s) Limitations

You may make an unlimited number of deposits into your account ; however, we do not accept deposits made by cash, check, money order, debit or credit card, mobile check deposit, third-party payment application, ATM, or other paper instruments. Deposits may be made only by electronic transfer, internal transfer, or Stablecoin Conversions. We reserve the right to reject or return any deposit not made through an approved method.

Withdrawal Limitations

You may make an unlimited number of withdrawals from your account. However, this account does not permit withdrawals by check, cash, debit card, ATM, or external bill payment service. We do not permit the purchase of money orders, cashier's checks, or other monetary instruments. We do not issue checks, provide ATM or debit card access. Withdrawals may be made only by wire transfer, ACH transfer (including authorized third-party ACH debits or credits), internal transfer to another account with us, or Stablecoin Conversion.