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1 Initial rate and annual percentage yield (APY) subject to change without notice. APY caps at 9.99%. See Account Information Disclosure for additional terms and conditions. 2 The APY will increase at the end of each calendar quarter to the extent of and by the basis point increase, if any, that the account’s baseline 1-year Treasury Rate increased over the prior month average of the 1-year Treasury Rate at the end of the previous calendar quarter. The baseline 1-year Treasury Rate is determined by the month in which the account was opened and based on the final month of the most defined recent previous quarter’s average 1-year Treasury Rate at the end of such quarter. The quarterly adjustment will be based on the increase, if any, over the baseline average 1-year Treasury Rate and will be reflected on the second business day after the end of each calendar quarter. Anytime an account receives a quarterly adjustment, the baseline rate will adjust to the average 1-year Treasury Rate that the adjustment was based on, known as the "adjusted baseline." Each time there is an increase to the adjusted baseline 1-year Treasury Rate, this will be the new "adjusted baseline." The higher of the baseline or any adjusted baseline 1-Year Treasury Rate will be used to calculate any APY increase. 3 .$5,000 minimum opening deposit for California residents only. $10,000 minimum opening deposit for all other states.
