The First Evaluation Period starts after the first two statement cycles following account opening. During this time, you need to make cumulative deposits of at least $250 per statement cycle to keep earning the LevelUp Rate.
For example, if you open your account in August, your First Evaluation Period will be in October. Here’s how it works:
In August (first statement cycle), September (second statement cycle), and October (third statement cycle), you’ll automatically earn the LevelUp Rate to provide an opportunity to set up deposits.
In October (the First Evaluation Period), you’ll need to make $250 in deposits to keep the LevelUp Rate for November.