The 'Available' balance in a Blast Account earns an Annual Percentage Yield (APY) as described in this section. APY refers to the amount of interest that a Blast Account will accrue over a period of one year. The Annual Percentage Yield is expressed as an annualized rate, based on a 365-day year. APY accounts for compound interest and compounds monthly. The 'Available' balance in a Blast Account at the end of a month will be eligible to accrue interest.
The APY is subject to change at Blast’s discretion. The current APY is 2%. The current APY will apply to all Blast accounts, including those that have previously earned interest at a different rate.
*2% interest rate (effective September 4th, 2018)