How is the interest rate on a variable rate savings account calculated?

Interest on money held in the account is calculated for all calendar days of the year, taking into account leap years. For deposits, interest is calculated from the first banking day after Froda receives the amount. For withdrawals, interest is calculated up to and including the day before the withdrawal date. The interest is an effective annual rate and is calculated according to the interest rate that Froda applies to the savings account at any given time. The current interest rate and conditions for the savings account can be seen on the website or on My Pages.