Annual Percentage Yield or“APY”is the total amount of interest paid on an Account, based on the interest rate and the frequency of compounding for a three hundred sixty-five (365) day period (three hundred sixty-six (366) day period in a leap year), and is expressed as a percentage.
Annual Percentage Yield means a percentage rate reflecting the total amount of interest paid on an account, based on the interest rate and the fre- quency of compounding for a 365-day period and calculated according to the rules in appendix A of this part.
Annual Percentage Yield means a percentage rate reflecting the total amount of dividends paid on an ac- count, based on the dividend rate and the frequency of compounding for a 365- day period and calculated according to the rules in appendix A of this part.
Examples of Annual Percentage Yield in a sentence
If you do not maintain the minimum balance, you will not earn the stated Annual Percentage Yield.
The minimum balance required to open each account and earn the stated Annual Percentage Yield is set forth above.
For Certificate Accounts, the Dividend Rate and Annual Percentage Yield are fixed and will be in effect for the term of the account.
The Dividend Rate and Annual Percentage Yield on the accounts are set forth above.
For Certificate accounts, the Annual Percentage Yield is based on an assumption that dividends will remain on deposit until maturity.
More Definitions of Annual Percentage Yield
Annual Percentage Yield or “APY” means a percentage rate reflecting the total amount of interest as calculated pursuant to the federal Truth in Savings Act.
Annual Percentage Yield or “APY” means a percentage rate reflecting the total amount of dividend expected to be earned in a year on an account, based on the dividend rate and the frequency of compounding the accrued dividend. All disclosures concerning the APY applicable to an account (other than Term Share Certificate Accounts which are covered by separate paragraph) assume that the dividend rate disclosed remains in effect for one year and that dividends are not withdrawn.
Annual Percentage Yield. The Annual Percentage Yield (“APY”) is a measure of the total amount of interest paid on an account based upon the interest rate and frequency of compounding. The APY is expressed as an annualized rate, based on a 365 day year or a 366 - day year in a leap year if interest is earned or anticipated to be earned on February 29. Accounts opened after February 29 in a leap year earn interest based on a 365 day year. The APY calculation is based upon the actual number of days in the term of the account; however, for accounts without a stated maturity date, the calculation is based on an assumed term of 365 days or 366 days in a leap year if interest is earned or anticipated to be earned on February 29. Accounts opened after February 29 in a leap year earn interest based on a 365 day year. In making the calculation it is assumed that all principal and interest remain on deposit for the entire term and that no other transactions (deposits or withdrawals) occur during the term. For variable rate accounts, the calculation is based only on the initial interest rate in effect when the account is opened (or advertised), and assumes that this rate will not change during the term. VARIABLE RATE ACCOUNTS. A CollegeWealth 529 Savings Account will be a variable rate account, except as otherwise provided. The interest rate and APY may change at any time and in our sole discretion. For such accounts, you are permitted to make transfers or withdrawals to or from the account in any amount and at any time subject to the bank’s right to require seven (7) days written notice prior to withdrawal of all or part of the funds on deposit.
Annual Percentage Yield or “APY” means a percentage value reflecting the total amount of interest paid on the account, based on the interest rate and frequency of compounding. “Business Day” means any day of the week that is not a Saturday, Sunday or bank holiday. “Checks” mean checks, drafts and other negotiable instruments, including substitute checks. “Item” refers to all orders and instructions for the payment, transfer, or withdrawal of funds from an account, which includes any checks and electronic transactions.
Annual Percentage Yield or “APY” means a percentage rate reflecting the total amount of dividend expected to be earned in a year on an Account, based on the dividend rate and the frequency of compounding the accrued dividend. All disclosures concerning the APY applicable to an Account (other than Term Certificate Accounts which are covered by separate paragraph) assume that the dividend rate disclosed remains in effect for one year and that dividends are not withdrawn. Frequency of compounding dividends and the method of determining the balance on which dividends are paid Dividends are compounded based on the AVERAGE daily balance in your Account. You can compute the dividends earned on your Accounts each day by multiplying the then current simple annual interest rate times the AVERAGE balance in your Account at the end of each day, divided by 365 days. The amount of dividends you earn for each day will be added to your principal balance monthly. If you withdraw funds from your Regular Savings Account before dividends are paid, you will receive dividends accrued on the funds prior to withdrawal, but such dividends will not be credited to your Account until the next dividend declaration date. If you withdraw funds from your NOW Account before dividends are paid, you will not receive dividends accrued on the funds prior to withdrawal. If you CLOSE your account(s) prior to accrued interest being credited, the accrued dividend will not be paid. In order for your deposit Account to earn a dividend for a dividend period, you must maintain the AVERAGE daily balances disclosed herein. If your AVERAGE daily balance falls below these minimums for that dividend period, you will not earn any dividends during that period. In order to earn the annual percentage yield disclosed in the attached Rate Sheet for a particular Account, Account Type Compounded On Average and Credited Balances of Regular Savings Daily/Monthly $25.00 NOW Account Daily/Monthly $400.00 Holiday Club Daily/Monthly N/A Vacation Club Daily/Monthly N/A Minimum balance to open an account REGULAR SAVINGS ACCOUNTS: $25.00 NOW ACCOUNT: No Minimum ALL CLUB ACCOUNTS: No Minimum IRA MONEY MARKET: $ N/A SUPER MONEY MARKET ACCOUNT: $10,000.00 MONEY MARKET ACCOUNT: $2,500.00 Collection of Non-Cash Deposits Every share draft, check or other item other than cash which is accepted for deposit in your Account will be provisionally credited to your Account on the day it is deposited and earn dividends from the day it is so provisionally cred...
Annual Percentage Yield means a percentage rate reflecting the total amount of interest paid on an account, based on the interest rate and the frequency of compounding for a 360-day period;
Annual Percentage Yield means the effective annual rate of return for savings and share accounts taking into account the effect of compounding interest;