Rates may change monthly. The Annual Percentage Yield assumes that the initial rate will remain constant and that dividends will remain in the account for a full year. The dividend rates will be published separately and will be based on the tier that the account falls into for the given month. The higher tiers will generally earn higher dividends. Accounts that are closed during the month will not earn dividends for that month.
Dividends begin to accrue on the first business day the deposit is received.
The beneficiary on the savings account will automatically be the beneficiary on the money market account.