So you want to calculate your Savings Bonus! Here's how to calculate it:

(Average Balance*Saving Bonus) * (# of Days in the Month/Days in the Year) = Savings Bonus for the Month

Example scenario:

  • Average balance: $1000.00

  • Saving bonus: 0.30 % which is .003 (0.30*100%)

  • Determine the # of Days in the Month: We will use June 2021 as an example, which is 30 days - 6/1/21 to 6/30/21

  • Total Days in 2021: 365

Example calculation: ($1000.00 * .003) * (30/365) = $0.2466

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