{"component": "definition", "props": {"groups": [{"size": 38, "samples": [{"hash": "g1fVvpP2etu", "uri": "/contracts/g1fVvpP2etu#balance-computation-method", "label": "Small Business Deposit Account Agreement", "score": 35.7083015442, "published": true}, {"hash": "bROlNXdUqHt", "uri": "/contracts/bROlNXdUqHt#balance-computation-method", "label": "Personal Deposit Account Agreement", "score": 34.4360239354, "published": true}, {"hash": "l2e2hr0lieh", "uri": "/contracts/l2e2hr0lieh#balance-computation-method", "label": "Personal Deposit Account Agreement", "score": 34.4360198975, "published": true}], "snippet": "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.", "snippet_links": [{"key": "daily-balance-method", "type": "definition", "offset": [11, 31]}, {"key": "interest-on-your-account", "type": "clause", "offset": [49, 73]}, {"key": "daily-periodic-rate", "type": "definition", "offset": [97, 116]}, {"key": "the-balance", "type": "clause", "offset": [120, 131]}, {"key": "the-account", "type": "clause", "offset": [135, 146]}, {"key": "compounding-and-crediting", "type": "clause", "offset": [157, 182]}, {"key": "day-basis", "type": "definition", "offset": [241, 250]}, {"key": "monthly-basis", "type": "clause", "offset": [278, 291]}], "hash": "612b84a0d04cbd33972855772c5d538f", "id": 1}, {"size": 19, "samples": [{"hash": "dGyG4SxKKe3", "uri": "/contracts/dGyG4SxKKe3#balance-computation-method", "label": "Disclosure and Account Agreement", "score": 27.1327857971, "published": true}, {"hash": "dkw1xmsB5Mz", "uri": "/contracts/dkw1xmsB5Mz#balance-computation-method", "label": "Disclosure and Account Agreement", "score": 26.4620132446, "published": true}, {"hash": "k0RbGx9vaSb", "uri": "/contracts/k0RbGx9vaSb#balance-computation-method", "label": "Business Deposit Account Agreement", "score": 25.4640655518, "published": true}], "snippet": "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.", "snippet_links": [{"key": "daily-balance-method", "type": "definition", "offset": [11, 31]}, {"key": "interest-on-your-account", "type": "clause", "offset": [49, 73]}, {"key": "daily-periodic-rate", "type": "definition", "offset": [97, 116]}, {"key": "the-balance", "type": "clause", "offset": [120, 131]}, {"key": "the-account", "type": "clause", "offset": [135, 146]}, {"key": "compounding-and-crediting", "type": "clause", "offset": [157, 182]}, {"key": "day-basis", "type": "definition", "offset": [241, 250]}, {"key": "monthly-basis", "type": "clause", "offset": [278, 291]}, {"key": "at-the-end-of", "type": "clause", "offset": [427, 440]}, {"key": "statement-cycle", "type": "definition", "offset": [446, 461]}, {"key": "right-to", "type": "definition", "offset": [478, 486]}, {"key": "close-your-account", "type": "clause", "offset": [487, 505]}, {"key": "interest-for", "type": "definition", "offset": [545, 557]}], "hash": "4afecdfb9874ad829a341d1829630241", "id": 2}, {"size": 14, "samples": [{"hash": "i8RAEcpxpMI", "uri": "/contracts/i8RAEcpxpMI#balance-computation-method", "label": "Cardholder Agreement", "score": 25.6064338684, "published": true}, {"hash": "buoa3gMtQNQ", "uri": "/contracts/buoa3gMtQNQ#balance-computation-method", "label": "Cardholder Agreement", "score": 25.6064338684, "published": true}, {"hash": "bYzvt7bhhfd", "uri": "/contracts/bYzvt7bhhfd#balance-computation-method", "label": "Cardholder Agreement", "score": 25.6064338684, "published": true}], "snippet": "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.", "snippet_links": [{"key": "daily-balance-method", "type": "definition", "offset": [11, 31]}, {"key": "interest-on", "type": "clause", "offset": [45, 56]}, {"key": "your-savings-account", "type": "clause", "offset": [57, 77]}, {"key": "daily-periodic-rate", "type": "definition", "offset": [101, 120]}, {"key": "principal-in", "type": "definition", "offset": [128, 140]}], "hash": "aff0aa5184a34507e12f35f10bbc1534", "id": 3}, {"size": 9, "samples": [{"hash": "4Kg9MMuTxgu", "uri": "/contracts/4Kg9MMuTxgu#balance-computation-method", "label": "Membership and Account Agreement", "score": 21.8184738159, "published": true}, {"hash": "mgzccgwMjL", "uri": "/contracts/mgzccgwMjL#balance-computation-method", "label": "Membership and Account Agreement", "score": 21.4093093872, "published": true}, {"hash": "do3JpACI1gB", "uri": "/contracts/do3JpACI1gB#balance-computation-method", "label": "Membership and Account Agreement", "score": 21.4093093872, "published": true}], "snippet": "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 Spartan Saver Rate Information: The dividend rate and annual percentage yield may change at any time, as determined by MSUFCU\u2019s board of directors. If you close your account prior to payment of a dividend, you will not receive any accrued dividends.", "snippet_links": [{"key": "daily-balance-method", "type": "definition", "offset": [32, 52]}, {"key": "daily-periodic-rate", "type": "definition", "offset": [70, 89]}, {"key": "the-balance", "type": "clause", "offset": [93, 104]}, {"key": "the-account", "type": "clause", "offset": [108, 119]}, {"key": "accrual-of-dividends-on-noncash-deposits", "type": "clause", "offset": [130, 170]}, {"key": "business-day", "type": "definition", "offset": [210, 222]}, {"key": "to-your-account", "type": "clause", "offset": [263, 278]}, {"key": "savings-accounts", "type": "definition", "offset": [280, 296]}, {"key": "rate-information", "type": "definition", "offset": [311, 327]}, {"key": "dividend-rate", "type": "clause", "offset": [333, 346]}, {"key": "annual-percentage-yield", "type": "definition", "offset": [351, 374]}, {"key": "at-any-time", "type": "clause", "offset": [386, 397]}, {"key": "board-of-directors", "type": "definition", "offset": [425, 443]}, {"key": "close-your-account", "type": "clause", "offset": [452, 470]}, {"key": "prior-to", "type": "clause", "offset": [471, 479]}, {"key": "payment-of", "type": "clause", "offset": [480, 490]}, {"key": "accrued-dividends", "type": "clause", "offset": [528, 545]}], "hash": "07d8f6185b74584a1faea8d82715a5dd", "id": 4}, {"size": 9, "samples": [{"hash": "fldLGgA6Nnw", "uri": "/contracts/fldLGgA6Nnw#balance-computation-method", "label": "Account Agreement", "score": 26.2375087738, "published": true}, {"hash": "f5SFUa9UL2L", "uri": "/contracts/f5SFUa9UL2L#balance-computation-method", "label": "Account Agreement", "score": 25.8815879822, "published": true}, {"hash": "exjCfsAb8cT", "uri": "/contracts/exjCfsAb8cT#balance-computation-method", "label": "Account Agreement", "score": 25.6160163879, "published": true}], "snippet": "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.", "snippet_links": [{"key": "daily-balance-method", "type": "definition", "offset": [30, 50]}, {"key": "daily-periodic-rate", "type": "definition", "offset": [68, 87]}, {"key": "the-balance", "type": "clause", "offset": [91, 102]}, {"key": "the-account", "type": "clause", "offset": [106, 117]}, {"key": "accrual-of-interest", "type": "definition", "offset": [128, 147]}, {"key": "cash-deposits", "type": "definition", "offset": [186, 199]}, {"key": "business-day", "type": "definition", "offset": [221, 233]}, {"key": "the-deposit", "type": "clause", "offset": [243, 254]}, {"key": "to-your-account", "type": "clause", "offset": [255, 270]}], "hash": "299b0fe0e910be6cf56b4c73628d18d4", "id": 5}, {"size": 9, "samples": [{"hash": "lCvqkguP4MT", "uri": "/contracts/lCvqkguP4MT#balance-computation-method", "label": "Credit Card Agreement", "score": 23.754278183, "published": true}, {"hash": "eTTR1Z1Up86", "uri": "/contracts/eTTR1Z1Up86#balance-computation-method", "label": "Credit Card Agreement", "score": 23.754278183, "published": true}, {"hash": "boHBhVX9KvI", "uri": "/contracts/boHBhVX9KvI#balance-computation-method", "label": "Credit Card Agreement", "score": 23.754278183, "published": true}], "snippet": "Average Daily Balance (including new purchases) Required Insurance, Debt Cancellation or Debt Suspension Coverage: None", "snippet_links": [{"key": "average-daily-balance", "type": "definition", "offset": [0, 21]}, {"key": "new-purchases", "type": "clause", "offset": [33, 46]}, {"key": "required-insurance", "type": "definition", "offset": [48, 66]}, {"key": "debt-cancellation", "type": "clause", "offset": [68, 85]}], "hash": "848e9983553f6bfbc4d01b7771f9c9ad", "id": 6}, {"size": 5, "samples": [{"hash": "6fdJrNAfFXf", "uri": "/contracts/6fdJrNAfFXf#balance-computation-method", "label": "Business Deposit Account Agreement", "score": 27.4449005127, "published": true}, {"hash": "fPJRZt7EidR", "uri": "/contracts/fPJRZt7EidR#balance-computation-method", "label": "Business Deposit Account Agreement", "score": 27.1806983948, "published": true}, {"hash": "2PCYdGovw0K", "uri": "/contracts/2PCYdGovw0K#balance-computation-method", "label": "Business Deposit Account Agreement", "score": 26.861738205, "published": true}], "snippet": "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\u2019 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.", "snippet_links": [{"key": "daily-balance-method", "type": "definition", "offset": [11, 31]}, {"key": "interest-on-your-account", "type": "clause", "offset": [49, 73]}, {"key": "daily-periodic-rate", "type": "definition", "offset": [97, 116]}, {"key": "the-balance", "type": "clause", "offset": [120, 131]}, {"key": "the-account", "type": "clause", "offset": [135, 146]}, {"key": "compounding-and-crediting", "type": "clause", "offset": [157, 182]}, {"key": "day-basis", "type": "definition", "offset": [241, 250]}, {"key": "monthly-basis", "type": "clause", "offset": [278, 291]}, {"key": "right-to", "type": "definition", "offset": [293, 301]}, {"key": "notice-of-withdrawals", "type": "clause", "offset": [318, 339]}, {"key": "savings-accounts", "type": "definition", "offset": [349, 365]}, {"key": "checking-accounts", "type": "definition", "offset": [391, 408]}, {"key": "the-right", "type": "clause", "offset": [421, 430]}, {"key": "prior-written-notice-of-withdrawal", "type": "clause", "offset": [454, 488]}, {"key": "without-prior-notice", "type": "clause", "offset": [536, 556]}], "hash": "92aedb2f2386f2c202962b1c5cda6026", "id": 7}, {"size": 5, "samples": [{"hash": "eB5NofwATS1", "uri": "/contracts/eB5NofwATS1#balance-computation-method", "label": "Member Account Agreement and Disclosure", "score": 25.6913070679, "published": true}, {"hash": "3WuYk6y8Kia", "uri": "/contracts/3WuYk6y8Kia#balance-computation-method", "label": "Member Account Agreement", "score": 25.5776863098, "published": true}], "snippet": "Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.", "snippet_links": [{"key": "daily-balance-method", "type": "definition", "offset": [32, 52]}, {"key": "daily-periodic-rate", "type": "definition", "offset": [69, 88]}, {"key": "the-balance", "type": "clause", "offset": [92, 103]}, {"key": "the-account", "type": "clause", "offset": [107, 118]}], "hash": "884d22cf0ab1f3e7214315c850ebf47a", "id": 8}, {"size": 4, "samples": [{"hash": "2rKyRzA9IO9", "uri": "/contracts/2rKyRzA9IO9#balance-computation-method", "label": "Account Agreement", "score": 27.9445590973, "published": true}, {"hash": "asxXE5XJpmH", "uri": "/contracts/asxXE5XJpmH#balance-computation-method", "label": "Account Agreement", "score": 27.2806301117, "published": true}, {"hash": "15TepQiHmVG", "uri": "/contracts/15TepQiHmVG#balance-computation-method", "label": "Account Agreement", "score": 27.0561256409, "published": true}], "snippet": "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).", "snippet_links": [{"key": "daily-balance-method", "type": "definition", "offset": [32, 52]}, {"key": "daily-periodic-rate", "type": "definition", "offset": [70, 89]}, {"key": "the-balance", "type": "clause", "offset": [93, 104]}, {"key": "the-account", "type": "clause", "offset": [108, 119]}, {"key": "minimum-balance-requirement", "type": "definition", "offset": [130, 157]}, {"key": "minimum-balance-required", "type": "clause", "offset": [171, 195]}, {"key": "to-open", "type": "clause", "offset": [196, 203]}, {"key": "accrual-of-dividends", "type": "clause", "offset": [218, 238]}, {"key": "business-day", "type": "definition", "offset": [278, 290]}, {"key": "deposit-cash", "type": "clause", "offset": [295, 307]}, {"key": "cash-items", "type": "definition", "offset": [315, 325]}, {"key": "to-your-account", "type": "clause", "offset": [341, 356]}, {"key": "transaction-limitations", "type": "definition", "offset": [358, 381]}, {"key": "automated-teller-machine", "type": "definition", "offset": [395, 419]}, {"key": "per-day", "type": "definition", "offset": [439, 446]}, {"key": "withdrawal-limitation", "type": "definition", "offset": [464, 485]}, {"key": "applies-to", "type": "clause", "offset": [486, 496]}, {"key": "in-combination", "type": "definition", "offset": [510, 524]}], "hash": "fc1c9de159dd1dfc9a3ce2d0e8226bec", "id": 9}, {"size": 4, "samples": [{"hash": "iXJ4bu8oWRF", "uri": "/contracts/iXJ4bu8oWRF#balance-computation-method", "label": "Credit Card Agreement", "score": 23.754278183, "published": true}, {"hash": "fB9KcvAv5l4", "uri": "/contracts/fB9KcvAv5l4#balance-computation-method", "label": "Credit Card Agreement", "score": 23.754278183, "published": true}, {"hash": "bpqFlXr3oV4", "uri": "/contracts/bpqFlXr3oV4#balance-computation-method", "label": "Credit Card Agreement", "score": 23.754278183, "published": true}], "snippet": "Average Daily Balance (including new purchases) Required Insurance, Debt Cancellation or Debt Suspension Coverage: None How We Will Calculate Your Balance: We use a method called \u201caverage daily balance (including new purchases)\u201d. Billing Rights: Information on your rights to dispute transactions and how to exercise those rights is provided in this Cardholder Agreement.", "snippet_links": [{"key": "average-daily-balance", "type": "definition", "offset": [0, 21]}, {"key": "new-purchases", "type": "clause", "offset": [33, 46]}, {"key": "required-insurance", "type": "definition", "offset": [48, 66]}, {"key": "debt-cancellation", "type": "clause", "offset": [68, 85]}, {"key": "how-we-will-calculate-your-balance", "type": "definition", "offset": [120, 154]}, {"key": "billing-rights", "type": "clause", "offset": [230, 244]}, {"key": "information-on", "type": "clause", "offset": [246, 260]}, {"key": "your-rights", "type": "clause", "offset": [261, 272]}, {"key": "how-to-exercise", "type": "clause", "offset": [301, 316]}, {"key": "cardholder-agreement", "type": "definition", "offset": [350, 370]}], "hash": "167d8e7e5d3753688644882bfbda4d19", "id": 10}], "next_curs": "CmcSYWoVc35sYXdpbnNpZGVyY29udHJhY3RzckMLEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIjYmFsYW5jZS1jb21wdXRhdGlvbi1tZXRob2QjMDAwMDAwMGEMogECZW4YACAA", "definition": {"size": 167, "snippet": "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.", "title": "Balance Computation Method", "id": "balance-computation-method", "examples": ["The dividend/interest period, compounding frequency and the crediting frequency for all Accounts are shown in the following table: Account Type Dividend Period Compounding Frequency Crediting Frequency <strong>Balance Computation Method</strong>."], "related": [["reference-method", "Reference method", "Reference method"], ["computation-date", "Computation Date", "Computation Date"], ["alternative-benchmark-rate", "Alternative Benchmark Rate", "Alternative Benchmark Rate"], ["pro-forma-cost-savings", "Pro Forma Cost Savings", "Pro Forma Cost Savings"], ["alternative-method", "Alternative method", "Alternative method"]], "related_snippets": [], "updated": "2025-07-24T04:27:51+00:00"}, "json": true, "cursor": ""}}