Active direct deposit: Since you activated direct deposit you are receiving 3.75% APY on your SMBS account. If you cancel your direct deposit the APY% will be decreased to 1.20%, which is still 24x the national average.
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NOTE: There is no minimum direct deposit amount required for receiving 3.75% APY.
Canceled direct deposit or no active direct deposit: Since you don't have an active direct deposit you are receiving 1.20% APY on your SMBS account. Re-activating, or activating your direct deposit will increase your APY to 3.75%.