How does interest work?

Devote Savings pays a variable rate. For the current rate, see usedevote.com/savings.

  • Compounding: interest compounds daily.
  • Crediting: interest is credited to your account at the start of each month.

The Dashboard shows:

  • Interest rate: the latest rate reported for your account.
  • Earned this period: the most recent interest credited to your account. Choose View interest to see interest in your activity.

The rate isn't money you've already earned. Only interest actually credited to the account appears as earned. Devote doesn't estimate or project it.

Each monthly statement shows the period's APY and APR and the interest credited. If you use Funds, each credit is divided among them. See How is interest divided among Funds?

Still have a question? Email support@usedevote.com, or browse the Help Center.

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