This FAQ applies to Flourish Cash. You can review Flourish Crypto FAQs here.
Interest is compounded daily and credited to your account on a monthly basis. Interest is calculated using the daily balance method. Essentially, this method applies a daily periodic rate to the principal and interest that has accrued in the account each day. This means that the interest for your account is calculated every day on a 365-day year—or on a 366-day year for leap years. Interest will generally begin to accrue on the business day that your funds are deposited with a Program Bank (generally, the business day that we receive your funds), and is generally paid into your account within the first three business days of the next month.