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Will I earn interest with my SaveOne and SpendOne accounts? How is interest calculated?

You earn interest with your SaveOne account which is calculated daily by applying the interest rate applicable on that day to the closing balance of your account. Interest is paid into your account on the first day of the next month after interest has been earned. Interest rates may change from time to time - the current interest rate can be found on SocietyOne's website. The interest you are entitled to earn is subject to a balance cap up to $50,000 in your SaveOne account..

There is no interest earned on your SpendOne account.