Rate Information

The interest rate on this account is 0%.

You will be paid this rate for at least thirty calendar days. We will never decrease this rate unless we give you at least thirty days notice in writing.

Crediting Frequency

The interest will be credited into this account monthly.

Compounding Frequency

The interest will be compounded monthly.

Effect of Closing an Account

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

Average Daily Balance Computation Method

The interest is calculated by the average daily balance method which applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. The period we use to make this calculation is daily.

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.