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.

**→ **Commencing February 7, 2024, total cash balances up to $250,000 earn a 5.00% yearly bonus.

**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% APY, then the calculation is as follows:

*Daily Interest = Daily Balance at EOD * (5.00 divided by 365 divided by 100)*

For example: If your closing balance (end of day balance) at the end of a particular day is $25,000, the daily bonus accrued at 5.00% APY will be $3.42.

**How?**

*25,000 * (5.00 divided by 365 divided by 100) = $3.42/day*

**

*By the end of the month, the total bonus comes out to be 30 days * $3.42 = $102.6*

**Bonus History**

From September 1st, 2023, to February 6th, 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**: You can now earn a 5.00% bonus on all your cash balances up to $250,000. There will be no bonus paid for deposits greater than $250,000.

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