We offer a 0.25% APY* on your Empower account balance. The interest compounds daily - this means that the interest you accrue will be based on your daily ending balance.
Since we calculate your interest on your account daily, that means interest amounts are added to the account balance every day.
You'll receive your interest payment on the 1st of each following month.
*This only applies to accounts opened after 1/1/2020.