How is the rate and APY calculated on the High Yield Savings Account?

Frequently Asked Question

There is an introductory rate of 1.30% that is guaranteed for six full months from opening date. 

The variable rate after the first six full months is currently 0.70%, therefore the Annual Percentage Yield for the first year is 1.00%, which is a combined rate of 1.30% and 0.70%. These rates are subject to change. The .70% rate is variable, but will always be competitive.