Everyday Growth Account The Haventree Bank Everyday Growth Account is an online Canadian dollar personal bank account. Haventree Bank is a purely online financial institution without any physical branches. The Account earns interest daily based on the closing balance, and interest is paid monthly. There is no minimum balance requirement. By signing up for an Everyday Growth Account, you agree to receive all communication and documents related to your Account in electronic format. 7. Interest If interest is payable on any credit balance in an Account, it begins to accrue on the day your Account is activated at the rates applicable to your Account as described in the Interest Rate Schedule. Interest is calculated daily on the closing balance of your Account at the rates per annum and paid monthly on the first calendar day of each month. Interest payable will be rounded to the nearest cent. You acknowledge that interest rates and interest calculation methods may change at any time at Haventree Bank’s complete discretion. We will notify you of interest rate changes, and post the new rate and any interest calculation changes on the secure Message Centre or on our Website. Notwithstanding the above, should your Account become active on the last business day of the month and should you make a deposit into the Account on that day, interest may not be paid on the amount deposited until the following month. Interest will, however, begin to accrue on the amount the day it is deposited. You acknowledge having received and reviewed the Interest Rate Schedule and understand the interest rate(s) applicable to your Account. If your Account is closed, accrued interest will be calculated up to, but not including, the date of closure of the Account and will be credited to your Account at the time the Account is closed.