This account calculates interest on the entire daily closing balance at the specified interest rate. The interest calculates daily and is paid at month end. Interest rate is subject to change at any time without advance notice. Refer to islandsavings.ca/tools-calculators/rates for our current rates.
For illustrative purposes only:
$0 - $4,999 | 1.00% |
Daily Closing Balance = $100,000
This account will calculate interest based on an interest rate of 1.00% on the entire $100,000 closing balance.