Banks usually advertise APY (Annual Percentage Yield) when they pay interest on deposits. That interest is regulated and paid directly by the bank.
Hamilton Rock is a financial technology company, not a bank, so instead of paying interest, we provide an Earnings Reward. This is a cash bonus Hamilton Rock pays on your eligible balances.
In simple terms, Earnings Rewards work much like the interest you might earn at a bank, helping your balance grow while your funds are securely held with our partner bank.
See Earnings Rewards terms for full details.