1Interest bearing accounts calculate interest by using the collected daily balance method. Interest is paid by compounding to the account on the statement cycle date.
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The FDIC insures up to $250,000 per depositor for each account ownership category at an FDIC-insured depository institution. The IntraFi Cash Service (ICS) gives individuals, non-profits, and businesses access to multi-million-dollar FDIC protection on deposits over $250,000 with no monthly fees.
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