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 the particular month.

**For Example:**

If the daily bonus is 3% APY, then the calculation is as follows:

*Daily Interest = Daily Balance at EOD * (3.00 divided by 365 divided by 100)*

For example: if a transaction of $5000 is made on May 1, considering there are no other deposits or spends for the entire month, the daily bonus accrued at 3.00% APY will be $0.41.

How?

*5000 * (3.00 divided by 365 divided by 100) = $0.41/day*

*Till 31st May, the total bonus becomes 31 days * $0.41 = $12.71*