Interest will accrue daily based on the end-of-day balance of your Enzo Deposit Account and is paid to your account monthly.
How is my accrued interest calculated?
We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate equal to 1/365 of the Interest Rate to the collected balance in the account each day. Interest will begin to accrue no later than the next business day following the banking day on which the funds were deposited.
What is the interest rate?
Learn more about your interest rate and how it works here.
What if I close my account?
If you close your Account, you will receive any interest that has accrued as of the date your Account is closed.
For full terms, please see your Deposit Account Agreement.