Interest is paid on the Master Escrow Account. This is deposited into the Blackacre operating account and I have generally used that to pay administrative expenses. To date I have not used claimant’s money, except to transfer fees that were earned. Capital One Bank notified me on October 27, 2020 of the following changes that will affect the Blackacre Capital One account ending in XXXX within 3 business days: This account is only approved for .75% APY up to $5M in balances. This rate is guaranteed for 3 months, then subject to change at any time.
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