We offer a 1.60% 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.
*If you opened your account before 1/1/2020, you are earning a 1.40% APY on your account balance. However, once you transition and open a new account with our new banking partner nbkc, you will earn 1.60% APY on the new account. Learn more about the transition here.