No minimum balance required to earn interest which is compounded daily and credited monthly Commission free travelers checks Unlimited ATM access to Commercial Bank or Synovus Financial Corp. affiliate bank network ATMs. The daily balance method is used to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Your interest rate and annual percentage yield may change. At our discretion we may change the interest rate on your account at any time.
Interest is compounded daily and credited monthly at the close of the statement cycle.
If you close your account before interest is credited, you will not receive the accrued interest. The average balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. Copyright 2001 Commercial Bank. All rights reserved. Copyright 1997-2001 Synovus Financial Corp. All rights reserved.