Relay Savings Update Explained

Hello Warriors. Our bank sent an update. They wrote, “We’re updating

the Relay Business Savings Account Agreement.” <break time="1.0s" /> They continued, “Your interest rate

is not changing.” And then, “What’s changing is the multiplier we use to calculate

your rate.” <break time="1.0s" /> Let’s be honest here. That sounds confusing. <break time="1.0s" /> Their multiplier

is changing. The formula is changing. But your APY is not. <break time="1.0s" /> They wrote,

“Here are the old and new multipliers.” And every multiplier went up. <break time="1.0s" /> So how does your

APY stay the same? One number goes up. Another number quietly goes down.

The final result stays flat. <break time="1.0s" /> Nothing changes for you today. But the formula