The bonus rate is based on a blended rate that depends on the federal fund rates and the bonus rate offered by Juno. The bonus rates are variable and subject to change at any time.

**→ **Effective **May 15, 2024**, cash held in Juno accounts will no longer accrue the 5.00% bonus.

**Note: We're discontinuing the APY bonus effective May 15, 2024. Click here to find out more.**

**How is the Bonus calculated?**

Bonus is **calculated daily** on the "**existing rate**", and is **given out monthly**. Bonus Rate is **compounded monthly. **The existing rate is the bonus rate prescribed by Juno for a particular month.

**For Example:**

If the daily bonus is 5.00% APY, then the calculation is as follows:

*Daily Interest = Daily Balance up to $5,000 at EOD * (5.00 divided by 365 divided by 100)*

Example 1: If your closing balance (end of day balance) at the end of a particular day is $2,000, the daily bonus accrued at 5.00% APY will be $0.27.

**How?**

*2,000 * (5.00 divided by 365 divided by 100) = $0.27/day*

**

*By the end of the month, the total bonus comes out to be 30 days * $0.27 = $8.1*

Example 2: If your closing balance (end of day balance) at the end of a particular day is $10,000, the daily bonus accrued at 5.00% APY calculated on only $5,000 will be $0.68.

**How?**

*5,000 * (5.00 divided by 365 divided by 100) = $0.68/day*

**

*By the end of the month, the total bonus comes out to be 30 days * $0.68 = $20.4*

**Bonus History**

From 1st April, 2024, till 15th May, 2024, deposits up to $5,000 will receive a bonus. Deposits over $5,000 will only receive a bonus for the first $5,000.

From February 7, 2024, to 1st April, 2024, cash balances up to $250,000 earned a 5.00% yearly bonus.

From September 1, 2023, to February 6, 2024, cash balances earned a competitive base rate of 3.00% annually on balances up to $20,000. Juno members could also access an industry-leading rate of 5.00% on the entire cash balance up to $250,000 by maintaining a daily closing balance of $20,000 or more.

From May 1, 2023, to August 31, 2023 cash balances greater than $50,000 and up to $250,000 earned a 4.00% yearly bonus.

From February 1, 2023, until April 30, 2023 cash deposits greater than $25,000 and up to $250,000 earn a 4.00% yearly bonus.

From January 1, 2023, to January 31, 2023 cash balances up to $25,000 earn a 5.00% yearly bonus.

From October 19, 2022, to December 31, 2022, both basic and metal users earn a 5.00% yearly bonus on cash balances up to $10,000 and a 3.00% yearly bonus on cash balances greater than $10,000 up to $250,000.

**Note**: Effective May 15, 2024, cash held in Juno accounts will no longer accrue the 5.00% bonus.

*Disclaimer: **Juno reserves the right, in sole discretion, to change the bonus rate without cause, reason, and notice.*