How do I earn 3.75% Annual Percentage Yield (APY)?
You can qualify for 3.75% Annual Percentage Yield (APY) on total Savings balances up to $250,000 in two ways:
- Receive at least $500 in eligible direct deposits each month
- Maintain a daily account balance of $5,000 or more
If you do not meet either of the criteria above, you can still earn 3.75% APY on balances up to $250,000 in your Pay Autosave pocket or ONE@Work Save.
In all instances, 3.75% APY is limited to an aggregate Savings balance of up to $250,000. Any Savings balances that do not qualify for 3.75% APY will earn 1.00% APY. APYs are as of 12/20/24 but are variable and may change at any time before or after account opening. Fees may reduce earnings on this account.
What is Annual Percentage Yield (APY)?
Annual Percentage Yield (APY) is the interest you can earn on your Savings balance over the course of a year. APY is expressed as a percentage based on the compound interest you earn on the dollar amount in your account. This amount is calculated daily and added to your account at the end of the month.
Does Annual Percentage Yield (APY) Change? What causes it to change?
Annual Percentage Yield (APY) may change at any time before or after account opening. The APY on bank accounts is variable, meaning it can increase or decrease depending on factors like economic conditions, inflation, and interest rates.
How do you calculate Annual Percentage Yield (APY)?
We use the daily balance method which means that interest earned on your Savings balances accrues daily and is posted to your One Cash account monthly.
How can I see how much interest I've earned?
- How can I see how much interest I’ve earned?
- Tap Discover More (globe icon)
in the One app
- At the top of the screen, you can see your total earnings
- Tap all the ways you've saved, to see a breakdown of your earnings, which includes your interest earned
You can tap here to see your APY in the One app or tap here to view more details in your statement.