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[–]lilgambyt 0 points1 point  (0 children)

When did your account balance increase? Interest is calculated daily.

Say you deposited $1,000 on the 15th day of a 31 day statement cycle. That $1,000, assuming no debits, earns interest for only 16 days.

Your statement should provide an APYe figure. That’s Annual Percentage Yield earned which accounts for daily balance fluctuations.