INTEREST RATE AND ANNUAL PERCENTAGE YIELD Sample Clauses

INTEREST RATE AND ANNUAL PERCENTAGE YIELD. The interest rate and annual percentage yield for each account are the interest rate and annual percentage yield in effect on the date the account is opened or renewed, for that type of account and for the amount deposited and the term chosen. The interest rate and annual percentage yield are fixed as of the date the account is opened or renewed, and remain in effect until the maturity date of the initial term or any renewed term as may be the case. For accounts where interest is compounded during the term, the annual percentage yield assumes that interest will remain on deposit until the maturity date, and thus any withdrawals (including by check to you or by deposit to another account with us) will reduce earnings. For the current interest rates and annual percentage yields, refer to our current rate schedules or call us at the telephone number shown on our rate schedules during our normal business hours.
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INTEREST RATE AND ANNUAL PERCENTAGE YIELD. All savings accounts are variable-rate accounts. At our discretion, we may change the interest rates and annual percentage yields on the accounts (including your account) at any time, and as many times after the accounts (including your account) are opened, without giving you any prior notice. The initial interest rate and annual percentage yield for each account are the interest rate and annual percentage yield in effect on the date the account is opened, for that type of account and for the amount deposited. The annual percentage yield measures the total amount of interest paid on an account based on the initial interest rate in effect when the account is opened and the frequency of compounding, for a one (1) year (365-day) period. The annual percentage yield is expressed as an annualized rate and assumes that the interest rate will not change, that interest will remain on deposit, and that no other transactions (deposits or withdrawals) occur, during the first year (365-day period). Any withdrawals will reduce earnings. For the current interest rates and annual percentage yields, refer to our current rate schedule or call us at the telephone number shown on our rate schedule during our normal business hours. INTEREST CALCULATION. Interest is computed on the basis of a 365-day period. Interest is calculated daily. We use the daily balance method to calculate the interest on each account. This method applies a daily periodic rate (based on the interest rate in effect for your account for that day) to the full amount of principal in the account at the end of each day. The manner and frequency with which interest will be credited to your account and compounded depends upon the type of account selected (please refer to the addendum/disclosure for the type of account selected).
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INTEREST RATE AND ANNUAL PERCENTAGE YIELD. The following interest rate and corresponding annual percentage yield table applies to your account. Fees may reduce the interest earnings on this account. Your interest rate and annual percentage yield may change. Balance Tier Interest Rate APY $0.01 to $29,999.99 0.010% 0.01% $30,000 to $49,999.99 0.020% 0.02% $50,000 to $99,999.99 0.030% 0.03% $100,000 and over 0.050% 0.05% The interest rate and APY for your account depend upon the applicable balance tier. The applicable interest rate and APY for the account will be applied to the entire balance. Determination of Rate At our discretion, we may change the interest rate on your account. Frequency of Rate Changes We may change the interest rate on your account at any time. MINIMUM BALANCE REQUIREMENTS Minimum Opening Deposit Requirement You must deposit $100.00 to open this account. To Avoid Imposition of a Maintenance Fee A Monthly Maintenance Fee (Service Charge) of $10.00 will be imposed every month if the minimum daily balance in the account falls below $2,500.00 any day of the statement cycle. Your account’s minimum daily balance is determined by the day with the lowest end-of-day ledger balance within a statement cycle. To Obtain the Annual Percentage Yield Disclosed You must maintain a minimum balance of $0.01 in the account each day to obtain the disclosed annual percentage yield. Compounding and Crediting Interest will be compounded on a monthly basis. Interest will be credited on a monthly basis.
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INTEREST RATE AND ANNUAL PERCENTAGE YIELD. ‌ The current Interest Rate and Annual Percentage Yield (APY) can be found at xxxxx://xxxxxxxxx.xxx. The Interest Rate and Annual Percentage Yield is subject to change at anytime after your Account is opened without notice. No minimum balance required to open an account. Your Account balance must be at least $0.01 to earn interest. If you have any questions, please contact Customer Support at (000) 000-0000 or email us at xxxxxxx@xxxxxxxxx.xxx. How Interest is Calculated‌ Your Account balance must be at least $0.01 to earn interest. The daily balance method is used to calculate the interest on your Account. This method applies a daily periodic rate to the daily collected balance in your Account each day. Interest on deposits begins to accrue no later than the business day on which we receive credit for the deposit and interest is accrued each day for the collected balance. The collected balance is the available balance in your Account as determined by our Deposit and Funds Availability Policy. We reserve the right not to pay interest on any deposited item that is returned to us as unpaid. Accrued interest is credited to the balance in the Account on the last day of each statement cycle. Accrued interest that is credited to the balance in the Account begins to earn interest no later than the next business day and compounds monthly with each statement cycle. If you or we close your Account or convert your Account to a non-interest bearing account before the date interest, if any, is credited, you will not receive the accrued interest. Backup Withholding‌ By submitting an application for an Account, you certify under penalty of perjury that:
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Related to INTEREST RATE AND ANNUAL PERCENTAGE YIELD

  • Annual Percentage Rate Each Receivable has an APR of not more than 25.00%.

  • Original Class A Percentage Section 11.05 Original Principal Balances of the Classes of Class A Certificates............................................ Section 11.06 Original Class A Non-PO Principal Balance................ Section 11.07

  • Interest and Applicable Margins (a) Borrower shall pay interest to Agent, for the ratable benefit of Lenders with respect to the various Loans made by each Lender, in arrears on each applicable Interest Payment Date, at the following rates: (i) with respect to the Revolving Loans which are designated as Index Rate Loans (and for all other Obligations not otherwise set forth below), the Index Rate plus the Applicable Revolver Index Margin per annum or, with respect to Revolving Loans which are designated as LIBOR Loans, at the election of Borrower, the applicable LIBOR Rate plus the Applicable Revolver LIBOR Margin per annum; and (ii) with respect to such portion of the Term Loans designated as an Index Rate Loan, the Index Rate plus the Applicable Term Loan Index Margin per annum or, with respect to such portion of the Term Loans designated as a LIBOR Loan, the applicable LIBOR Rate plus the Applicable Term Loan LIBOR Margin per annum. The Applicable Margins shall be as follows: Applicable Revolver Index Margin 2.75 % Applicable Revolver LIBOR Margin 3.75 % Applicable Term Loan Index Margin 2.75 % Applicable Term Loan LIBOR Margin 3.75 % 1 Borrower to supply account information. provided; however, the Applicable Margins, with respect to the Term Loan, shall be adjusted (up or down) prospectively on a quarterly basis as determined by Holdings’ and its Subsidiaries’ consolidated financial performance. Adjustments in Applicable Margins will be determined by reference to the following grids: Level of Applicable Margin Leverage Ratio Applicable Term Loan Index Margin Applicable Term Loan LIBOR Margin Level I ³ 4.00 to 1.00 3.25 % 4.25 % Level II ³ 2.50 to 1.00, and < 4.00 to 1.00 2.75 % 3.75 % Level III < 2.50 to 1.00 2.25 % 3.25 % All adjustments in the Applicable Margins shall be implemented quarterly on a prospective basis, five (5) Business Days after the date of delivery to Lenders of the quarterly unaudited Financial Statements evidencing the need for an adjustment. Concurrently with the delivery of those Financial Statements, Borrower shall deliver to Agent and Lenders a certificate, signed by its chief financial officer, setting forth in reasonable detail the basis for the continuance of, or any change in, the Applicable Margins. If any Default or an Event of Default has occurred and is continuing at the time any reduction in the Applicable Margins is to be implemented, that reduction shall be deferred until the first day of the first calendar month following the date on which all Defaults or Events of Default are waived or cured.

  • Applicable Interest Rate 5.10.1 In respect of Pre-Delivery Interest Periods or Interest Periods pursuant to Clause 5.3.1 and subject to Clause 5.3.1, Clause 5.12 and Clause 6, the rate of interest applicable to the Loan (or relevant part in the case of the division of the Loan under Clause 5.8) during a Pre-Delivery Interest Period or an Interest Period shall be the Floating Interest Rate.

  • Applicable Interest Rates (a) U.S.

  • Notice of Interest Period and Interest Rate Promptly after receipt of a Notice of Borrowing pursuant to Section 2.02(a), a notice of Conversion pursuant to Section 2.09 or a notice of selection of an Interest Period pursuant to the definition of “Interest Period”, the Administrative Agent shall give notice to the Borrower and each Lender of the applicable Interest Period and the applicable interest rate determined by the Administrative Agent for purposes of clause (a)(i) or (a)(ii) above.

  • Allocation of Senior Reduction Amount to the Reference Tranches On each Payment Date prior to the Termination Date, after allocation of the Tranche Write-down Amount or Tranche Write-up Amount, if any, for such Payment Date as described above, the Senior Reduction Amount will be allocated to reduce the Class Notional Amount of each Class of Reference Tranche in the following order of priority, in each case until its Class Notional Amount is reduced to zero:

  • Interest Rates and Letter of Credit Fee Rates Payments and Calculations Interest Rates. (I) Except as provided in Section 2.6(c), all Obligations (except for undrawn Letters of Credit and Term Obligations) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest on the Daily Balance thereof (from the date of incurrence through but excluding the date of repayment or prepayment (whether by acceleration or otherwise)) as follows: if the relevant Obligation is a LIBOR Rate Loan denominated in Dollars, at a per annum rate equal to the LIBOR Rate plus the Applicable Margin for LIBOR Rate Loans, if the relevant Obligation is a LIBOR Rate Loan denominated in Euros, at a per annum rate equal to the LIBOR Rate plus the Applicable Margin for LIBOR Rate Loans, if the relevant Obligation is a Swingline Loan, a per annum rate equal to the overnight LIBO Rate plus its Applicable Margin for Overnight LIBO Loans, and otherwise in respect of Revolver Obligations, at a per annum rate equal to the Base Rate plus the Applicable Margin for Base Rate Loans.

  • Interest on Revolving Credit Advances Each Borrower shall pay interest on the unpaid principal amount of each Revolving Credit Advance made to such Borrower owing to each Lender from the date of such Revolving Credit Advance until such principal amount shall be paid in full, at the following rates per annum:

  • Adjustments to Required Subordinated Percentages and Amount (a) On any date, the Issuer may, at the direction of the Beneficiary, change the Required Subordinated Percentage of Class B Notes, the Required Subordinated Percentage of Class C Notes or the Required Subordinated Percentage of Class D Notes, in each case for the Class A(2019-2) Notes, without the consent of any Noteholders; provided that the Issuer has received written confirmation from each applicable Note Rating Agency that the change in such percentage will not result in a Ratings Effect for any Tranche of Outstanding DiscoverSeries Notes.

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