How is interest calculated on the Aspiration (Radius) Summit account?


The interest for the Summit Account is calculated daily, and compounds monthly.

This means that interest is calculated on the end of day balance, and then deposited into the account once a month (approximately the last day of every month, or the earliest business day following).

The interest added to your total balance on a monthly basis is then considered part of the balance for the daily interest calculations. So it compounds monthly.

Have more questions? Submit a request