Interest on Funds. Recipient agrees that any interest or dividends earned on the Funds will be treated as part of Recipient’s grant, and will be used in the same manner that Funds may be used pursuant to this Agreement.
Interest on Funds. No interest will be paid on the Funds. If we do pay interest in the future, we will add it to the Security Deposit Account
Interest on Funds. (a) The interest earned on the Funds for the Funding Year to which this Annual Funding Certificate relates is [$x dollars].
Interest on Funds. The interest rate and associated annual percentage yield (APY) are established by us and may vary as often as daily. The APY assumes no withdrawal of credited interest and no change in interest rate for a full year. All interest-bearing accounts are variable rate accounts unless otherwise specified in writing. At our discretion, we may change the interest rate and APY on your account at any time without notice. The interest rate and APY for a particular type of account may differ depending on the account balance. For example, we may establish a rate and APY for two or more balance ranges or balance tiers, which may differ by account type. Two or more tiers may be offered at the same rate. Tier rates may vary and may be higher or lower than a preceding tier. We may change tiers at any time without notice. The rate and APY for all balance tiers for an account type are disclosed at the time of account opening or upon request or available in the current applicable CNB Interest Rates Bulletin. Unless otherwise indicated, the interest rate and APY assigned to the tier that corresponds to the entire balance for savings accounts and to the collected funds balance for interest-bearing checking and money market accounts will be applied to all such balances. Your account must remain open through the time interest is credited to receive accrued interest. How Interest is Calculated We calculate interest on a 365-day year basis using the daily balance method, by which the daily periodic rate is applied each day to the collected funds balance in the account after all transactions for the day have been posted. For all interest-bearing checking and money market accounts: Funds from items deposited (other than cash or items drawn on us) begin to accrue interest on the Business Day we receive credit for the items (collected funds). Cash and funds from items drawn on us begin to accrue interest on the Business Day of deposit. Interest accrues daily and is compounded and credited on the last day of the statement period, but no more frequently than monthly. For all savings accounts: Funds from items deposited begin to accrue interest on the Business Day of deposit if deposited before our established cut- off time or, if made later, on the next Business Day. Interest accrues and compounds daily and is credited on the last day of the statement period, but no more frequently than monthly. CERTIFICATES OF DEPOSIT Required Opening Deposit, Interest Rates and Yields Time acco...
Interest on Funds. CD accounts earn a simple rate of interest compounded only if and when interest is posted to the account. You may choose to have your interest post monthly, quarterly, semiannually or annually. For accounts with a term of less than one (1) year, you may choose to have interest posted at maturity, in which case, interest will not be compounded. The interest rate stated on your deposit receipt will remain in effect until the maturity of the account, unless otherwise specified in writing. The APY assumes interest remains on deposit for the term of the certificate. Interest may be withdrawn without penalty at any time prior to maturity after it is credited to your account. Any withdrawal will reduce earnings. At maturity, any interest becomes principal.
Interest on Funds. The interest rate and associated annual percentage yield (APY) are established by us and may vary as often as daily. The APY assumes no withdrawal of credited interest and no change in interest rate for a full year. All interest-bearing accounts are variable rate accounts unless otherwise specified in writing. At our discretion, we may change the interest rate and APY on your account at any time without notice. The interest rate and APY for a particular type of account may differ depending on the account balance. For example, we may establish a rate and APY for two or more balance ranges or balance tiers, which may differ by account type. Two or more tiers may be offered at the same rate. Tier rates may vary and may be higher or lower than a preceding tier. We may change tiers at any time without notice. The rate and APY for all balance tiers for an account type are disclosed at the time of account opening or upon request or available in the current applicable CNB Interest Rates Bulletin. Unless otherwise indicated, the interest rate and APY assigned to the tier that corresponds to the entire balance for savings accounts and to the collected funds balance for interest-bearing checking and money market accounts will be applied to all such balances. Your account must remain open through the time interest is credited to receive accrued interest.
Interest on Funds. Interest accrued, if any, on the Reserve Funds shall become part of the applicable Reserve Funds in accordance with the applicable terms and conditions of the Cash Management Agreement. Interest accrued, if any, on the Working Capital Funds shall become part of the Working Capital Funds in accordance with the applicable terms and conditions of the Working Capital Account Agreement.
Interest on Funds. Unless otherwise set forth in Schedule 1 hereto, the Settlement Manager shall not be accountable for and shall be entitled to retain interest on funds in its hands, and any such funds may be held by it unsegregated from its general funds.
Interest on Funds. The Representative will not be under any duty to account for any interest on funds of any of the Underwriters at any time in the Representative's hands, and such funds may be held by the Representative unsegregated from its general funds.
Interest on Funds. The Security Account is a non-interest bearing account and accordingly, no interest will paid on the Funds.
