This account calculates interest at one interest rate, based on the tier to which a portion of your Daily Closing Balance corresponds. Subsequent interest rate tier(s) may be used to calculate the interest on the remaining portion(s) of your Daily Closing Balance. This means portions of your Daily Closing Balance may fall within multiple Tiers. The interest calculates daily and is paid at month end. Interest rates and balance tiers are subject to change at any time without advance notice. Refer to envisionfinancial.ca/tools-calculators/rates for our current rates.
For illustrative purposes only:
| Tier 1 | $0 - $99,999 | 1.40% |
| Tier 2 | $100,000 - $499,999 | 1.55% |
| Tier 3 | $500,000 - $999,999 | 1.65% |
| Tier 4 | $1,000,000 - $4,999,999 | 1.75% |
| Tier 5 | $5,000,000 | 2.40% |
Daily Closing Balance = $550,000
This account will calculate interest based on an interest rate of 1.40% on the first $99,999, an interest rate of 1.55% on the balance of $100,000 - $499,999 and an interest rate of 1.65% on the balance of $500,000 - $550,000.
