The interest rate may change and is subject to eligibility requirements. Earn isn't currently available to Morse users in the UK or EU.
Understand how Earn works
The money you keep in your Earn Balance earns 3% APY (annual percentage yield) in interest. The more you hold in Earn, the more interest you earn.
Interest is calculated daily on your Earn Balance and paid into it every day.
Example
If you hold 1,000 USD in your Earn Balance for a year, you'll earn 30 USD in interest (3% of 1,000) by the end of the year.
Your Earn Balance is separate from your main Morse Balance, so you can move money between them whenever you like, with no limits to the amount of withdrawals you can make. Move more into Earn to earn interest on it, or back to your Morse Balance to spend, transfer, or invest it.
Get paid every day
Your 3% APY is applied to your balance each day, and the interest is paid into your Earn Balance the following day.
We pay in whole cents. If a day's interest comes to less than a cent, it carries over to the next day and pays out once it reaches a cent — so nothing's lost, but small balances won't pay out every day.
Example
For example, if you keep 50 USD in your Earn Balance at 3% APY, you'll earn about 0.0041 USD on day one and 0.0082 USD after day two. By day three, your interest will total about 0.0123 USD, so you'll see you've earned 0.01 USD, with the remaining 0.0023 USD carrying over to the next day.
Earn is a promotional program. It's covered by the Promotional programs section of our Terms and the disclosures linked there. See General promotions for details.