The Grower Demand Deposit Account was established to help Tree Top growers and Tree Top, Inc. Active grower/owners are eligible to participate as well as inactive growers who maintained a Grower Demand Deposit Account prior to retirement.
The interest paid is established by comparing banks’ short term investment rates and Tree Top’s overnight borrowing rates. The interest rate is determined on a monthly basis by the CFO. The interest is computed on a daily interest basis. The yearly interest rate is divided by 365 to arrive at a daily rate. No interest is calculated on the day of transactions.
If you are interested in learning more about this benefit, please contact Jan Foster at firstname.lastname@example.org (509) 697-7251, ext. 1728.