Common use of Interest Bearing Checking Accounts Clause in Contracts

Interest Bearing Checking Accounts. We may choose, in our sole discretion, to offer interest-bearing consumer Accounts (i.e. Accounts for individuals), and interest-bearing commercial Accounts (including Accounts for sole proprietors, business partnerships, professional associations, limited liability companies, for-profit corporations and governmental units). In addition, if we offer interest-bearing Accounts, such Accounts may also be held by a for-profit organization serving in a fiduciary or trustee capacity for a person or an entity that is itself permitted to hold an interest-bearing checking Account, and by an organization that is operated primarily for religious, philanthropic, charitable, educational, or other similar purpose.