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Lemma is not a bank. Banking services are provided by Core Bank, Member FDIC, our banking partner. Because Lemma is not a bank, we pay a “deposit bonus” rather than “interest”.

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How the deposit bonus accrues

The deposit bonus accrues daily at an annual rate of 1.25%-2%1, based on your account’s balance at the end of each day. Daily accrual is calculated at east coast midnight (UTC-5).

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When the deposit bonus is paid

Accrued deposit bonus amounts are totaled and paid into your account on the 1st of each month, covering the prior month’s accrual. 1 Your entity may be subject to a different rate if you have a negotiated contract with Lemma, in which case you can see your active rate on the account page.