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Rewards Checking Dividend Adjustment
It has recently been determined that the dividends earned on your Rewards Checking Account were not credited appropriately for a time during 2020 – 2021. A “Rewards Dividend Adjustment” credit was posted to your account on 6/23/2022 to correct the error. Here is a description of the correction:
- If your Reward Checking qualified for A tier: the qualifying rate was calculated at 3.97% rather than 4.01%, resulting in a .04% difference. The correction brings the APY to 4.09%.
- If your Reward Checking qualified for B tier: the qualifying rate was calculated at 3.01% rather than 3.04%, resulting in a .03% difference. The correction brings the APY to 3.09%.
- If your Reward Checking qualified for C tier: the qualifying rate was calculated at 2.04% rather than 2.07%, resulting in a .03% difference. The correction brings the APY to 2.09%.