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.
→ Effective April 1, 2024, enjoy a 5.00% yearly bonus on cash balances up to $5,000.
Note: Enjoy a bonus on your initial deposit up to $5,000, providing an attractive opportunity to enhance your savings. For deposits exceeding $5,000, the bonus will apply only to the first $5,000.
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 5.00% APY, then the calculation is as follows:
Daily Interest = Daily Balance up to $5,000 at EOD * (5.00 divided by 365 divided by 100)
Example 1: If your closing balance (end of day balance) at the end of a particular day is $2,000, the daily bonus accrued at 5.00% APY will be $0.27.
How?
2,000 * (5.00 divided by 365 divided by 100) = $0.27/day
By the end of the month, the total bonus comes out to be 30 days * $0.27 = $8.1
Example 2: If your closing balance (end of day balance) at the end of a particular day is $10,000, the daily bonus accrued at 5.00% APY calculated on only $5,000 will be $0.68.
How?
5,000 * (5.00 divided by 365 divided by 100) = $0.68/day
By the end of the month, the total bonus comes out to be 30 days * $0.68 = $20.4
Bonus History
From February 7, 2024, to 1st April, 2024, cash balances up to $250,000 earned a 5.00% yearly bonus.
From September 1, 2023, to February 6, 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: Deposits up to $5,000 will receive a bonus, offering you a rewarding way to boost your initial savings. Deposits over $5,000 will only receive a bonus for the first $5,000.
Disclaimer: Juno reserves the right, in sole discretion, to change the bonus rate without cause, reason, and notice.