Common use of Interest Bearing Checking Accounts Clause in Contracts

Interest Bearing Checking Accounts. Compounding and Crediting: Interest will be computed daily and credited monthly. The interest period begins on the first calendar day of the interest period and ends on the last day of the interest period. Interest is paid on the last day of the interest period.

Interest Bearing Checking Accounts. Compounding and Crediting: Interest will be computed daily and credited monthly. The interest period begins on the first calendar day of the interest period and ends on the last day of the interest period. Interest is paid on the last day of the interest period. Interest Checking (for remaining accounts): This checking account is a tiered rate account. The minimum balance required to open and maintain the account is $1,000.00. The minimum balance required to earn the dis- closed Annual Percentage Yield–refers to the Rate Schedule.