Sunday, November 05, 2006

E-LOAN Savings Update II

I finally got a reply from them and this is what it said:

"Thank you for your message.
Interest is calculated using the daily balance method and credited on the monthly anniversary.
For example: If you opened your account on October 24th, the interest would post the 24th of every month. Please reply to this message or call (866) 576-7283 with any questions. Thank you."

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