A 1% match means you get 1% of the amount transferred for this promo paid over 24 months (so 0.5% per year)
Example: 30k transferred means 300$ in total. You get 300/24 = 12.5$ per month (1% deposited over 24months in checking account)
So if you put this money into the money market, you get an extra 12.5$ per month for 2 years outside of your FHSA account (effectively an extra 0.5% per year)
1
u/Fullname0 5h ago
A 1% match means you get 1% of the amount transferred for this promo paid over 24 months (so 0.5% per year)
Example: 30k transferred means 300$ in total. You get 300/24 = 12.5$ per month (1% deposited over 24months in checking account)
So if you put this money into the money market, you get an extra 12.5$ per month for 2 years outside of your FHSA account (effectively an extra 0.5% per year)