Balance Information. The minimum balance required to open the account and earn the stated APY is set forth in the “Rate Addendum and Schedule of Fees and Charges.” If you do not maintain the minimum balance, you will not earn the stated APY. The dividend calculation method for your certificate is set forth in the “Rate Addendum and Schedule of Fees and Charges.” Balance Computation Method. Dividends are calculated by the Average Daily Balance method, which calculates dividends by applying a periodic rate to the Average Daily Balance in the account for the dividend 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.
Appears in 7 contracts
Samples: Master Account Agreement and Disclosures, Master Account Agreement and Disclosures, Master Account Agreement and Disclosures
