I posted this in the Wisconsin forum but I wonder if there is anyone from another state that may offer these accounts.

It looks like we may be required to calculate the interest on these accounts using the average daily balance.

Does anyone do this? Or, do you use the daily balance method?

I’m trying to determine if we can use the daily balance method for these accounts since that’s what we use on all other checking accounts.

Also, how are you paying interest on these accounts? Do you do so monthly (and compound) or do you do so only on a yearly basis since we’re required to pay the interest to the state only yearly?