Common use of BALANCE CALCULATION Clause in Contracts

BALANCE CALCULATION. We calculate interest on the full amount of the collected balance in your account each day. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the collected balance in the account each day. TIERED INTEREST RATE. Tiered Interest Rate disclosures are contained under the separate account descriptions when applicable. WITHDRAWAL NOTICE. We reserve the right to require at least seven (7) days’ written notice prior to withdrawal of all or part of your funds deposited.

Appears in 2 contracts

Sources: Bank Services Agreement, Bank Services Agreement