Here's the reply I received. Instead of using my example, the CSR created her own example which had equal monthly deposits and no deposits after September. My example had minimum deposits for July and August and a large deposit in September. I also included a deposit in November. Here's the CSR's example from the email:
Thank you for contacting FNBO Direct. Please be advised, the promotional rate is applied to any balance above the close of business balance on June 30th, 2011, from October 3, 2011 thru March 31, 2012. Please see the example below:
June 30th ending balance $1,000.00
July deposit (must be >$50.00) $1,000.00
August deposit (must be >$50.00) $1,000.00
September deposit (must be >$50.00) $1,000.00
Total Balance October $4,000.00
1.35% will be paid on $3,000.00 (total balance minus the June 30th ending balance)
0.85% will be paid on the remaining $1,000.00 (June 30th ending balance)
You may withdraw funds from your account, but please be advised that this will affect the amount of interest you would earn on your balance. For example, if you withdraw $1,000.00 from the example above of $4,000.00, the interest of 1.35% would be paid on only $2,000.00.
In the email, the CSR did say that the "promotional rate is applied to any balance
above the close of business balance on June 30th, 2011, from October 3, 2011 thru March 31, 2012." That "any balance" suggests to me that the CSR on the phone was wrong since deposits after September should be counted. It also shouldn't matter the size of the deposits just so the minimum $50 deposit per month is met for July, August and September.
I replied to the CSR's email asking about uneven deposits and deposits after September. Hopefully, the CSR will confirm that these deposits should count toward the 1.35% apy.