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| Account | Dividend Rate | APY |
|---|---|---|
| $0.01 to $5,000.00 | 3.928% | 4.00% |
| $5,000.01 & over | 0.010% | 4.00% to 0.01% |
More about blended rates: Accounts that pay a different dividend rate on the amount of funds in each tier. Each dividend rate applies to the portion of the account balance within each tier and not the entire account balance. This is known as a blended APY. Examples: For a $5,000 deposit, the APY = 4.00%. For a $6,000 deposit, the blended APY = (5000*0.0393+1000*0.0001)/6000 = approx. 3.28%. For a $8,000 deposit, the blended APY = (5000*0.0393+3000*0.0001)/8000 = approx. 2.46%.
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