This is a variable rate account. SMI may, at its discretion, change the interest rate(s) and APY(s) for the Savings Account at any time. This page will always contain the most current rate(s) and APY(s) information. Interest begins to accrue no later than the business day the Online Transfer is applied to the Savings Account. Interest will be compounded on a daily basis and credited monthly. The maximum balance allowed for the Savings Account is $50,000.00. If interest earned on your Savings Account would result in a balance exceeding $50,000.00, the interest will be posted to your Savings Account, but the amount over $50,000.00 will not earn interest, and no further transfers will be allowed into your smiONE Savings Account.