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This method applies a daily periodic rate to the principal in the account each day.", "size": 44, "samples": [{"hash": "2zYGgzGbDBE", "uri": "/contracts/2zYGgzGbDBE#balance-computation-method", "label": "Savings and Certificates of Deposit Account Agreement", "score": 25.4544830322, "published": true}, {"hash": "iSI7C3u42Mf", "uri": "/contracts/iSI7C3u42Mf#balance-computation-method", "label": "Savings and Certificates of Deposit Account Agreement", "score": 25.1368923187, "published": true}, {"hash": "f8j9qo2xi28", "uri": "/contracts/f8j9qo2xi28#balance-computation-method", "label": "General Account Terms and Conditions", "score": 21.2217273712, "published": true}], "hash": "3773bade03860cd79b4534f3812e36e1", "id": 3}, {"snippet_links": [{"key": "the-bank", "type": "definition", "offset": [0, 8]}, {"key": "daily-balance-method", "type": "definition", "offset": [18, 38]}, {"key": "interest-on-your-account", "type": "clause", "offset": [52, 76]}, {"key": "daily-periodic-rate", "type": "definition", "offset": [100, 119]}, {"key": "the-principal", "type": "clause", "offset": [123, 136]}, {"key": "the-account", "type": "clause", "offset": [184, 195]}, {"key": "at-the-end-of", "type": "clause", "offset": [196, 209]}], "snippet": "The Bank uses the daily balance method to calculate interest on your account. 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The average daily balance is determined by adding the full amount of the principal in Your Account for each day of the period and dividing that figure by the number of days in the period.", "size": 27, "samples": [{"hash": "jHtOMrygYAr", "uri": "/contracts/jHtOMrygYAr#balance-computation-method", "label": "Membership Agreements", "score": 32.4647979736, "published": true}, {"hash": "9B87AGNdUNZ", "uri": "/contracts/9B87AGNdUNZ#balance-computation-method", "label": "Membership Agreements", "score": 26.3237514496, "published": true}, {"hash": "S1c89h9vWj", "uri": "/contracts/S1c89h9vWj#balance-computation-method", "label": "Membership Agreements", "score": 26.0691299438, "published": true}], "hash": "555dcd4fed45ed8afd1f68e4e34caa14", "id": 5}, {"snippet_links": [{"key": "average-daily-balance-method", "type": "definition", "offset": [33, 61]}, {"key": "day-of", "type": "clause", "offset": [105, 111]}, {"key": "interest-period", "type": "definition", "offset": [116, 131]}, {"key": "days-in", "type": "definition", "offset": [176, 183]}, {"key": "average-balance", "type": "definition", "offset": [227, 242]}, {"key": "based-on", "type": "definition", "offset": [265, 273]}, {"key": "tiered-rates", "type": "definition", "offset": [291, 303]}], "snippet": "Interest is calculated using the average daily balance method, which totals the ending balances for each day of the interest period, divides the results by the total number of days in the interest period and uses the resulting average balance to calculate interest based on the balances and tiered rates.", "size": 17, "samples": [{"hash": "1ToOAP5hl11", "uri": "/contracts/1ToOAP5hl11#balance-computation-method", "label": "Health Savings Account (Hsa) Disclosure", "score": 30.3956604004, "published": true}, {"hash": "gI5VpHRZvnQ", "uri": "/contracts/gI5VpHRZvnQ#balance-computation-method", "label": "Membership and Account Agreement", "score": 26.8699512482, "published": true}, {"hash": "a7KIhJRygum", "uri": "/contracts/a7KIhJRygum#balance-computation-method", "label": "Membership and Account Agreement", "score": 26.0198497772, "published": true}], "hash": "d7b76c36469452882a47301ca257e28d", "id": 6}, {"snippet_links": [{"key": "average-daily-balance-method", "type": "definition", "offset": [32, 60]}, {"key": "periodic-rate", "type": "clause", "offset": [77, 90]}, {"key": "the-period", "type": "clause", "offset": [139, 149]}, {"key": "the-balance", "type": "clause", "offset": [201, 212]}, {"key": "day-of", "type": "clause", "offset": [237, 243]}, {"key": "days-in", "type": "definition", "offset": [297, 304]}, {"key": "average-daily-balances", "type": "definition", "offset": [339, 361]}], "snippet": "Dividends are calculated by the average daily balance method which applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period. Dividends are paid on average daily balances above $500.", "size": 17, "samples": [{"hash": "dOJ5hAGbqVP", "uri": "/contracts/dOJ5hAGbqVP#balance-computation-method", "label": "Membership Account Agreement", "score": 23.7310066223, "published": true}, {"hash": "9lFr8ExuR9R", "uri": "/contracts/9lFr8ExuR9R#balance-computation-method", "label": "Membership Account Agreement", "score": 23.7310066223, "published": true}], "hash": "afe113b3d8d5425b16d18c4950b6d15b", "id": 7}, {"snippet_links": [{"key": "daily-balance-method", "type": "definition", "offset": [11, 31]}, {"key": "your-account", "type": "definition", "offset": [58, 70]}, {"key": "daily-periodic-rate", "type": "definition", "offset": [107, 126]}, {"key": "the-balance", "type": "clause", "offset": [130, 141]}, {"key": "the-account", "type": "clause", "offset": [145, 156]}], "snippet": "We use the Daily Balance Method to calculate dividends on your account. The Daily Balance Method applies a daily periodic rate to the balance in the account each day.", "size": 15, "samples": [{"hash": "gvNWDZgwrOV", "uri": "/contracts/gvNWDZgwrOV#balance-computation-method", "label": "Membership and Account Agreement", "score": 33.1604042053, "published": true}, {"hash": "f8aVOebHmWw", "uri": "/contracts/f8aVOebHmWw#balance-computation-method", "label": "Membership and Account Agreement", "score": 33.1604042053, "published": true}, {"hash": "l6iyRU71Cbj", "uri": "/contracts/l6iyRU71Cbj#balance-computation-method", "label": "Membership and Account Agreement", "score": 33.0837554932, "published": true}], "hash": "82e8a5d6dd872cb7face1965080ae3cb", "id": 8}, {"snippet_links": [{"key": "the-daily", "type": "clause", "offset": [86, 95]}, {"key": "daily-periodic-rate", "type": "definition", "offset": [127, 146]}, {"key": "the-balance", "type": "clause", "offset": [150, 161]}, {"key": "the-account", "type": "clause", "offset": [165, 176]}, {"key": "average-daily-balance-method", "type": "definition", "offset": [238, 266]}, {"key": "balance-calculation-period", "type": "definition", "offset": [354, 380]}, {"key": "principal-in", "type": "definition", "offset": [455, 467]}, {"key": "your-account", "type": "definition", "offset": [468, 480]}, {"key": "day-of", "type": "clause", "offset": [490, 496]}, {"key": "the-period", "type": "clause", "offset": [497, 507]}, {"key": "days-in", "type": "definition", "offset": [550, 557]}, {"key": "accrual-on-noncash-deposits", "type": "clause", "offset": [570, 597]}, {"key": "business-day", "type": "definition", "offset": [668, 680]}], "snippet": "For all dividend-bearing Accounts (except term Accounts), dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the Account each day. For term Accounts, dividends are calculated by the average daily balance method which applies a daily periodic rate to the average daily balance for the average daily balance calculation period. The average daily balance is determined by adding the full amount of the principal in Your Account for each day of the period and dividing that figure by the number of days in the period. Accrual on Noncash Deposits. For dividend-bearing Accounts, dividends will begin to accrue on the business day that You deposit noncash items (e.g. checks) into Your Account.", "size": 11, "samples": [{"hash": "kIFUYbb80uc", "uri": "/contracts/kIFUYbb80uc#balance-computation-method", "label": "Membership Agreements and Disclosures", "score": 25.5585212708, "published": true}, {"hash": "jziTEBRoCuH", "uri": "/contracts/jziTEBRoCuH#balance-computation-method", "label": "Membership Agreements and Disclosures", "score": 25.5585212708, "published": true}, {"hash": "fwX91FvTsUm", "uri": "/contracts/fwX91FvTsUm#balance-computation-method", "label": "Agreements and Disclosures", "score": 22.8418884277, "published": true}], "hash": "8472833d2e19bc9ea07a301d834b25f5", "id": 9}, {"snippet_links": [{"key": "average-daily-balance-method", "type": "definition", "offset": [11, 39]}, {"key": "interest-on-your-account", "type": "clause", "offset": [53, 77]}, {"key": "periodic-rate", "type": "clause", "offset": [123, 136]}, {"key": "account-for-the", "type": "clause", "offset": [174, 189]}, {"key": "principal-in", "type": "definition", "offset": [252, 264]}, {"key": "day-of", "type": "clause", "offset": [287, 293]}, {"key": "days-in", "type": "definition", "offset": [347, 354]}, {"key": "for-purposes-of-this", "type": "clause", "offset": [367, 387]}, {"key": "savings-disclosure", "type": "clause", "offset": [398, 416]}, {"key": "calendar-quarter", "type": "clause", "offset": [446, 462]}, {"key": "the-account", "type": "clause", "offset": [486, 497]}, {"key": "during-the-period", "type": "clause", "offset": [518, 535]}], "snippet": "We use the average daily balance method to calculate interest on your Account. This average daily balance method applies a periodic rate to the average daily balance in your Account for the Period. The average daily balance is calculated by adding the principal in your Account for each day of the Period and dividing that figure by the number of days in the Period. For purposes of this Truth-in- Savings Disclosure, the term\u201cPeriod\u201drefers to a calendar quarter (or portion thereof if the Account is opened or closed during the Period).", "size": 9, "samples": [{"hash": "8R072cJdQjU", "uri": "/contracts/8R072cJdQjU#balance-computation-method", "label": "Deposit Account Agreement", "score": 30.6546955109, "published": true}, {"hash": "4E2l27ahLHF", "uri": "/contracts/4E2l27ahLHF#balance-computation-method", "label": "Deposit Account Agreement", "score": 30.4931907654, "published": true}, {"hash": "lVmSwiwgzhG", "uri": "/contracts/lVmSwiwgzhG#balance-computation-method", "label": "Deposit Account Agreement", "score": 24.975358963, "published": true}], "hash": "68bf952522b68b52433b8d20b4be4e07", "id": 10}], "next_curs": "CmMSXWoVc35sYXdpbnNpZGVyY29udHJhY3Rzcj8LEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IiNiYWxhbmNlLWNvbXB1dGF0aW9uLW1ldGhvZCMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"title": "Balance Computation Method", "children": [["", ""], ["rate-information", "Rate Information"]], "size": 432, "parents": [["general-rules-and-regulations", "General Rules and Regulations"], ["jurisdiction-and-venue", "Jurisdiction and Venue"], ["payment-of-dividends", "Payment of Dividends"], ["notices", "Notices"], ["online-bill-payment-services", "Online Bill Payment Services"]], "id": "balance-computation-method", "related": [["allocation-method", "Allocation Method", "Allocation Method"], ["time-computation", "Time Computation", "Time Computation"], ["interest-computation", "Interest Computation", "Interest Computation"], ["collection-allocation-mechanism", "Collection Allocation Mechanism", "Collection Allocation Mechanism"], ["basis-of-computation", "Basis of Computation", "Basis of Computation"]], "related_snippets": [], "updated": "2025-07-24T06:49:03+00:00", "also_ask": [], "drafting_tip": "", "explanation": "The Balance Computation Method clause defines how account balances are calculated for the purposes of the agreement. It typically specifies the timing, formula, and components included in the balance calculation, such as credits, debits, interest, and fees. For example, it may state that balances are determined at the close of business each day and include all posted transactions. This clause ensures consistency and transparency in financial calculations, reducing the risk of disputes over how balances are determined."}, "json": true, "cursor": ""}}