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How Interest Is Calculated and Paid

Understand how interest accrues from day one, compounds continuously, and credits monthly to your account.

Written by Karli Kouris

Hingham Institution for Savings pays continuously compounding interest on all interest-bearing deposit accounts.

  • Accrual Date: Funds begin earning interest on the day your deposit is received.

  • Compounding Frequency: Interest compounds continuously, meaning your balance is always actively earning.

  • Crediting Schedule: Total accrued interest is posted and credited to your account at the end of each monthly statement cycle.

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