Flexible Savings uses a daily interest accrual model with automatic compounding.
Once per day, the system calculates interest for each Savings account based on the balance held during the previous day. The earned amount is then added to the account balance. From that point on, interest is earned on both the original deposit and previously accrued interest.
Interest accrual in Flexible Savings is based on a daily balance snapshot.
Any funds deposited before 8:00 PM UTC are recorded as your effective balance for the day. Interest on this balance is then credited the next day at 8:00 AM UTC.
This means that funds deposited today can start earning interest as early as the following morning, without waiting for an additional full day.
In the app, you see your current balance, total interest earned, and a history of daily interest accruals. Yield is shown as APY, while technical calculations are handled internally.