So you want to calculate your Savings Bonus! Here's how to calculate it:
(Average Monthly 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
Tip: To earn a Savings Bonus of $.01 you will need at least $40 available balance for 30 days.