Prior it was 1% every month for the 3 months .
They changed that . The person on the phone about this said all they did was change a name.
Online Savings Account
4.40%APY
+0.25% Cash Bonus total over 3 months
Annual Percentage Yield as of March 05, 2024. APY may change at any time before or after account is opened. Maximum balance limits apply.
Cash bonus will total 0.25% of the average daily balance over a 92-day period for each of your Online Savings account(s). The earned amounts will be deposited in your Online Savings Account(s) at the end of each month in which you are enrolled in the promotion.
Bonus Calculation
The Bonus will be calculated and deposited at the end of each month by taking the average of your daily balance for the month and multiplying it by a daily fraction for the number of days you are enrolled in the Referral Program in that month. The “Daily Balance” is your current account balance as of 6:00 PM EST, plus interest accrued daily. The “Daily Fraction” is determined by taking 1.00% and dividing it by 365 days (366-days for enrollments before March 1 during a leap year). We only pay the Bonus in whole cents, and any fractional amounts will be accrued and carried over to the following month during a Referral Period. The Bonus will only be earned on days in the month in which a Marcus Referred Bonus has been applied to your accounts. The total amount you will earn over a Referral Period will be the equivalent of 0.25%. If you close your account during the Referral Program, your Bonus will be calculated as of the day you close your Account. The Bonus will be reflected as an individual line item under “Account Activity” as: “Bonus Paid- Referral Promotion” on your monthly statement.
https://www.marcus.com/us/en/savings/referrals#termsandconditions The apy will no longer show your higher % . From how it sounds is that it will go about end of the month balance plus 0.25%