Declared Interest Rate definition
Examples of Declared Interest Rate in a sentence
In the first year of each Term only, the credited interest rate received on the Contract will be the Declared Interest Rate that is not linked to the CPI-U.
The interest credited on any given day will be at a rate that, if compounded daily for one year, would equal the Declared Interest Rate as determined by us, as shown on the Specifications Page.
We determine Account Value during the first year of the Initial Term based on the Payment and the Declared Interest Rate as shown on the Specifications Page.
We determine Account Value during the first year of any Subsequent Term based on the Account Value upon the completion of the previous Term and the new Declared Interest Rate for that Subsequent Term.
You may also allocate Purchase Payments to the [Fixed Account with Declared Interest Rate (DIR Fixed Account) and/or the ]Fixed Account for Dollar Cost Averaging (DCA Fixed Account)[ (collectively, the Fixed Account(s))].
For any Contract Year, transfers out of the Declared Interest Rate Fixed Account are limited in amount to 30% of the Contract Value allocated to such account at the time of the first transfer in that Contract Year.
DECLARED INTEREST RATE The interest credited on any given day will be at a rate that, if compounded daily for one year, would equal the Declared Interest Rate as determined by us, as shown on the Specifications Page.
The daily interest rate is the rate that when compounded yields an annual effective interest rate equal to the Declared Interest Rate then in effect for your Contract.