Balance Computation Method. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the balance in the account each day. Compounding and Crediting: Interest is compounded daily and calculated on a 365/366 day basis. Interest is credited on a monthly basis.
Balance Computation Method. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the balance in the account each day. Compounding and Crediting: Interest is compounded daily and calculated on a 365/366 day basis. Interest is credited on a monthly basis. If your account is closed before interest is credited, your accrued uncredited interest will be forfeited. If your account is at zero at the end of your statement cycle, we reserve the right to close your account, in which case your accrued uncredited interest for that cycle will be forfeited.
Balance Computation Method. We use the daily balance method to calculate interest on your Savings Account. This method applies a daily periodic rate to the principal in your Savings Account each day.
Examples of Balance Computation Method in a sentence
The key levels of our extended generic model are as follows, as shown in Fig.
Balance Computation Method: Dividends on all Share Certificate Accounts are calculated by the daily balance method which applies a daily periodic rate to the balance in the Share Certificate Account each day.
Daily Balance Computation Method: Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
Daily Balance Computation Method — We use the daily balance method to calculate the interest on your account.
Balance Computation Method: If I take advances on this LOC, I will pay an interest charge based on the Daily Balance Method.
More Definitions of Balance Computation Method
Balance Computation Method. Average Daily Balance (including new purchases) The “Daily Balance” of a Credit Plan is determined by taking the opening balance of the Credit Plan for that day, and adding 1) any new purchase made on the Credit Plan that day, 2) the previous day’s Interest Charges, 3) any credit insurance premiums or debt cancellation fees (if applicable) incurred on that day and 4) any late fees, over the credit limit fees, returned payment fees or other fees incurred on that day and subtracting any payments or credit applied to the Credit Plan that day. If your Account is subject to a grace period during the billing cycle, payments made during that cycle will be subtracted from all Daily Balances in the current cycle. Required Insurance, Debt Cancellation or Debt Suspension Coverage: None Disclosure of Rates: The Daily Periodic Rate which is used to determine your Interest Charges and the corresponding Annual Percentage Rate, will be variable rates which may change monthly. The Daily Periodic Rate will be one-three hundred sixty fifth of the sum of the U.S. prime rate published in Money Rates table of The Wall Street Journal that is in effect on the last day of the month. (“Prime Rate”), plus a “Spread” of 7.65 to 17.65 percentage points for the Standard Rate and a “Spread” of 21.74 percentage points for the Penalty Rate. Any changes in the Prime Rate will take effect on the first day of your billing cycle beginning in the next month. CAPITAL ONE® CUSTOMER AGREEMENT About this Agreement Part 1 and 2 together make your Cardmember Agreement and Disclosure Statement (“Agreement”) and govern your Credit Card Account with us (your “Account”). Part 1 contains Terms and Conditions. Part 2 contains Annual Percentage Rate (“APR”) and fee information. Please read and keep both parts of this Agreement. Thank you.
Balance Computation Method. Dividends are calculated by the daily balance method, which applies a daily periodic rate to the balance in the account each day. Accrual of Dividends on Noncash Deposits: Dividends will begin to accrue on the business day you deposit noncash items (e.g. checks) to your account. SAVINGS ACCOUNTS MSUFCU offers its members savings accounts (sometimes referred to as shares) to meet different needs and lifestyles. Below are disclosures that apply to these different accounts: Spartan Saver Rate Information: The dividend rate and annual percentage yield may change at any time, as determined by MSUFCU’s board of directors. If you close your account prior to payment of a dividend, you will not receive any accrued dividends.
Balance Computation Method. Interest is calculated by the daily balance method, which applies a daily periodic rate to the balance in the account each day. Accrual of Interest: Interest will begin to accrue on non-cash deposits (e.g. checks) on the business day you make the deposit to your account.
Balance Computation Method. Average Daily Balance (including new purchases) The “Daily Balance” of a Credit Plan is determined by taking the opening balance of the Credit Plan for that day, and adding 1) any new purchase made on the Credit Plan that day, 2) the previous day’s Interest Charges, 3) any credit insurance premiums or debt cancellation fees (if applicable) incurred on that day and 4) any late fees, over the credit limit fees, returned payment fees or other fees incurred on that day and subtracting any payments or credit applied to the Credit Plan that day. If your Account is subject to a grace period during the billing cycle, payments made during that cycle will be subtracted from all Daily Balances in the current cycle. Required Insurance, Debt Cancellation or Debt Suspension Coverage: None Disclosure of Rates: The Daily Periodic Rate which is used to determine your Interest Charges and the corresponding Annual Percentage Rate, will be variable rates which may change monthly. The Daily Periodic Rate will be one-three hundred sixty fifth of the sum of the U.S. prime rate published in Money Rates table of The Wall Street Journal that is in effect on the last day of the month. (“Prime Rate”), plus a “Spread” of 19.65 percentage points for the Standard Rate and a “Spread” of 23.65 percentage points for the Penalty Rate. Any changes in the Prime Rate will take effect on the first day of your billing cycle beginning in the next month. CAPITAL ONE® CUSTOMER AGREEMENT
Balance Computation Method. Dividends are calculated by the average daily balance method which applies a periodic rate to the average daily balance in the account for the month. The average daily balance is calculated by adding the principal in the account for each day of the month and dividing that figure by the number of days in the month. Compounding and Crediting: Dividends are computed from the date of deposit to the date of withdrawal and are credited and compounded monthly. For example, the beginning date of the first dividend period of the calendar year is January 1 and the ending date of such dividend period is January 31. All other dividend periods follow this same pattern of dates. The dividend declaration date follows the ending date of a dividend period, and for the example above, is February 1. If you close your account before dividends are credited, you will not receive the accrued dividends. There will be no dividends credited after you have caused a monetary loss to the Credit Union as described in this Agreement under Denial of Services, Expulsion, and Termination. If any dividend calculation produces an amount that is less than $0.01, such amount will not be credited, will not be used for calculations for future dividend periods, and will not be paid. Date Dividends Accrue: Dividends will begin to accrue on the business day that you make your deposit. Fees and Charges: Other fees and charges may apply based on the product, service, or transaction. The amount of the fee may vary based on your Member Rewards level. For more information see the Schedule of Fees and Membership Rewards Program at xxxxxxx.xxx. Transaction Limitations: Regulation D transfer limits described in this Agreement apply except as noted otherwise below. In addition, we reserve the right to require prior notice of your intention to make a withdrawal not less than 7 days and up to 60 days before the withdrawal.
Balance Computation Method. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the balance in the account each day. Compounding and Crediting: Interest is compounded daily and calculated on a 365/366 day basis. Interest is credited on a monthly basis. Right to require advance notice of withdrawals: For all savings accounts and all interest-bearing checking accounts, we reserve the right to require seven days’ prior written notice of withdrawal. Although we usually pay withdrawals or checks without prior notice on these accounts, doing so does not mean that we give up that right.
Balance Computation Method. Dividends are calculated by the daily balance method, which applies a daily periodic rate to the balance in the account each day. Minimum Balance Requirement: There is no minimum balance required to open this account. Accrual of Dividends: Dividends will begin to accrue on the business day you deposit cash or non-cash items (e.g., checks) to your account. Transaction Limitations: The maximum automated teller machine withdrawal allowed per day is $500.00. This withdrawal limitation applies to this account in combination with savings account(s). MONEY MARKET ACCOUNT: Dividends are subject to change and are posted at xxx.xxxxxxxxxxxxxxxxxxxx.xxx. Compounding and Crediting: Dividends will be compounded and credited to your account monthly. For this account type, the dividend period is monthly. For example, the beginning date of the first dividend period is January 1, and the ending date of such dividend period is January 31. The dividend declaration date is the last day of the dividend period, and for example, is January 31. If you close your account before dividends are paid, you will not receive the accrued dividends.