How is interest calculated on a Perks Checking account?
I am new to Huntington as my old bank was acquired and just switched over to them. My old checking account was converted into a "Perks Checking account" When the account switched over in June I got an "IOD Interest paid" deposit of $12. In July I got an "Interest Payment" of $10. This month I got an "Interest Payment" of $1(which is basically what my old bank was paying). The account balance did not substantially change during any point month over month. I can't see anywhere on their website how they actually calculate interest on a perks checking account whether it be the rate or any requirements to earn interest. Did they just screw something up either last month or this month?I am just confused.