Common use of Interest Amounts Clause in Contracts

Interest Amounts. Interest amounts will be accrued at the end of monthly, quarterly and semi-annual periods. Interests will be accrued to a demand deposit account which is previously associated with this account, or if currently there is no such demand deposit account associated with it, to a new demand deposit account to be opened by the Bank ex officio. Interest will not be paid over a Deposit Account with Interim Payments.

Interest Amounts. Interest amounts will be accrued at the end of monthly, quarterly and semi-annual periods. Interests will be accrued to a demand deposit account which is previously associated with this account, or if currently there is no such demand deposit account associated with it, to a new demand deposit account to be opened by the Bank ex officio. Interest will not be paid over a Deposit Account with With Interim Payments.