Although rates are calculated on an annual basis, your balance will generate yields every day. We will deposit the weekly accumulated amount on Mondays.
In order to calculate how much you’ll receive a day, we take your average balance and apply the daily equivalent of the annual growth rate. We take an average because your balance may change over the course of a given day.
Here's an example. Let’s say you have a 10,000 Digital Dollars (digital dollar) balance:
- You’ll get a 2% annual growth rate.
- In order to generate your yields, we calculate the daily rate and then multiply your average balance by that rate.
- That calculation equals 0.55 Digital Dollars, which is the amount you will accumulate daily.