Rates Effective as of: February 29, 2024
Account Type
Savings
Jars
Minimum Deposit to Open Account
$0
$0
Minimum Balance to Obtain Annual Percentage Yield
$0 and above
$0 and above
Interest Rate
4.64%
4.64%
Annual Percentage Yield (APY)
4.75%
4.75%
Account Type
Savings
Minimum Deposit to Open Account
$0
Minimum Balance to Obtain Annual Percentage Yield
$0 and above
Interest Rate
4.64%
Annual Percentage Yield (APY)
4.75%
Account Type
Jars
Minimum Deposit to Open Account
$0
Minimum Balance to Obtain Annual Percentage Yield
$0 and above
Interest Rate
4.64%
Annual Percentage Yield (APY)
4.75%
Important Account Terms
- How interest is Calculated and Paid
-
- Interest begins to accrue on the day we receive credit for the deposit of non-cash items/collected balances.
- Interest is calculated using the daily balance method. This method applies a daily periodic rate to the principal balance in the account each day.
- Interest is compounded daily and paid monthly.
- If you close your account before interest is credited, you will receive the accrued interest until the date closed.
-
- Changes to Interest Rates
The interest rates and Annual Percentage Yields above are variable rates established by Milli Bank and may be changed at any time by Milli Bank, in its sole discretion without advance notice to you. Changes described above will be posted on this Milli Bank Rate Sheet, to your Account, and will be visible on the Milli Bank home page (Milli.bank). Fees may reduce earnings.