Balance Calculation Method. We use the Average Daily Balance Method to calculate the dividends on Your account. The Average Daily Balance Method is the application of a periodic rate to the average daily balance in the account for the period. The Average Daily Balance is determined by adding the full amount of principal in the account for reach day of the period and dividing that figure by the number of days in the period.
Appears in 6 contracts
Sources: Member Share Account Contract, Member Share Account Contract, Member Share Account Contract