This account calculates interest based on the tier to which the entire daily closing balance corresponds. The interest calculates daily and is paid semi-annually. Interest rates and balance tiers are subject to change at any time without advance notice. Refer to islandsavings.ca/tools-calculators/rates for our current rates.
For illustrative purposes only:
| Tier 1 | $0 - $4,999 | 1.50% |
| Tier 2 | $5,000 | 1.60% |
Daily Closing Balance = $5,100
This account will calculate interest based on an interest rate of 1.60% on the entire $5,100 closing balance.
