Common use of Computation Method Clause in Contracts

Computation Method. The daily balance method is used to calculate interest. This method applies a daily periodic rate to the principal in your account each day. Interest begins to accrue no later than the Business Day we receive credit for the deposit of non-cash items. Interest begins to accrue on the same Business Day cash deposits are received. Interest begins to accrue on the same Business Day wire transfers are received if the wire is received by 2:00 PM Pacific Time; otherwise, interest begins to accrue on the next Business Day. Federal regulations limit withdrawals from Savings and Money Market Accounts made via preauthorized or automatic transfer, telephonic or online agreement, order or instruction, or check, draft or similar order to six (6) per month. Withdrawals in excess of six (6) will result in an Excess Transaction fee disclosed in the Consumer Fee Schedule for each transaction posted. If more than 3 months within a consecutive 12 month time period have excess withdrawal activity, the Account must be closed. Time deposits or certificates of deposit are referred to herein as “Certificates” or “Certificates of Deposit.” Basis: 365/365 (366/366 leap year) compounded daily. Interest begins to accrue no later than the Business Day Washington Federal receives credit for the deposit of non-cash items. Interest begins to accrue on the same Business Day cash deposits are received. Interest begins to accrue on the same Business Day wire transfers are received if the wire is received by 2:00 PM, Pacific Time; otherwise, interest begins to accrue on the next Business Day. The daily balance method is used to calculate interest. This method applies a daily periodic rate to the principal in your account each day. Rate: The current offering rates are shown on our Rate Sheet, which is posted on our website at ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ and is made available to you when you open a new deposit. You may also call ▇▇▇-▇▇▇-▇▇▇▇ or visit a local Washington Federal branch for current rate and yield information. The rate is set according to the term and deposit amount at the time of opening and is fixed for the term. The rate will not change due to additions, if allowed, or withdrawals. Interest credited must be left in the account to earn the disclosed Annual Percentage Yield (APY). Any withdrawals of interest or principal will reduce earnings. The interest rate on deposits of more than $1,000,000 is negotiable and must be approved in advance.

Computation Method. The daily balance method is used to calculate interest. This method applies a daily periodic rate to the principal in your account each day. Interest begins to accrue no later than the Business Day we receive credit for the deposit of non-cash items. Interest begins to accrue on the same Business Day cash deposits are received. Interest begins to accrue on the same Business Day wire transfers are received if the wire is received by 2:00 PM Pacific Time; otherwise, interest begins to accrue on the next Business Day. Federal regulations limit withdrawals from Savings and Money Market Accounts made via preauthorized or automatic transfer, telephonic or online agreement, order or instruction, or check, draft or similar order to six (6) per month. Withdrawals in excess of six (6) will result in an Excess Transaction fee disclosed in the Consumer Fee Schedule for each transaction posted. If more than 3 months within a consecutive 12 month time period have excess withdrawal activity, the Account must be closed. Time deposits or certificates of deposit are referred to herein as “Certificates” or “Certificates of Deposit.” Basis: 365/365 (366/366 leap year) compounded daily. Interest begins to accrue no later than the Business Day Washington Federal receives credit for the deposit of non-cash items. Interest begins to accrue on the same Business Day cash deposits are received. Interest begins to accrue on the same Business Day wire transfers are received if the wire is received by 2:00 PM, Pacific Time; otherwise, interest begins to accrue on the next Business Day. The daily balance method is used to calculate interest. This method applies a daily periodic rate to the principal in your account each day. Rate: The current offering rates are shown on our Rate Sheet, which is posted on our website at ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ and is made available to you when you open a new deposit. You may also call ▇▇▇-▇▇▇-▇▇▇▇ or visit a local Washington Federal branch contact us for current rate and yield information. The rate is set according to the term and deposit amount at the time of opening and is fixed for the term. The rate will not change due to additions, if allowed, or withdrawals. Interest credited must be left in the account to earn the disclosed Annual Percentage Yield (APY). Any withdrawals of interest or principal will reduce earnings. The interest rate on deposits of more than $1,000,000 is negotiable and must be approved in advance.