Can I transfer money out of my LevelUp Savings account during the month?

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The Evaluation Period for your LevelUp Savings account refers to the previous month’s statement cycle.

If you miss the deposit requirement during a statement cycle, you’ll earn the Standard Rate for the following statement cycle.

No, you don’t need to make deposits during the first two statement cycles to earn the LevelUp Rate. This gives you time to set up any recurring monthly deposits.

You can set up a Direct Deposit or a recurring ACH transfer to ensure you always make the minimum deposit required to earn the LevelUp Rate.

There’s no minimum amount required for a deposit; however, to qualify for the LevelUp Rate, cumulative deposits must total at least $250 during the Evaluation Period.

{noun} A type of credit that allows the borrower to make charges and payments against a set borrowing limit, paying interest only on outstanding balances.

{noun} The amount of unpaid interest that has accumulated as of a specific date, either on a loan or an interest-bearing account or investment. 

{noun} The total annual cost to borrow money, including fees, expressed as a percentage.

A debt that is written off as a loss because the financial institution or creditor believes it is no longer collectible due to a substantial period of nonpayment.

{noun} An interest rate that remains the same for a set time, usually for the life of the loan.