DIVIDEND COMPOUNDING AND CREDITING. Dividends will be compounded quarterly and credited on the first day of the following quarter and the dividend period is quarterly. For example, the beginning date of the first dividend period of the calendar year is January 1 and the ending date is March 31. All other dividend periods follow this same pattern of dates. The dividend declaration date precedes the ending date of a dividend period and, for example, is the fourth Thursday of March. If you close your Regular Share Account before dividends are paid you will not receive the accrued dividends.
DIVIDEND COMPOUNDING AND CREDITING. The compounding and crediting of dividends and dividend period applicable to each account are set forth in the Rate Schedule. The dividend period is the period of time at the end of which an account earns dividend credit. The dividend period begins on the first calendar day of the period and ends on the last calendar day of the period.
DIVIDEND COMPOUNDING AND CREDITING. The compounding and crediting frequency of dividends and dividend period applicable to each account are stated above. The Dividend Period is the period of time at which an account earns dividend credit. The Dividend Period begins on the first calendar day of the period and ends of the last calendar day of the period.
DIVIDEND COMPOUNDING AND CREDITING. The compounding and crediting frequency of dividends are stated in the Rate Schedule.
DIVIDEND COMPOUNDING AND CREDITING. The compounding and crediting frequency of dividends and dividend period applicable to each account are stated in the Rate Addendum. Dividends will be added to the principal unless otherwise requested by you in writing.
DIVIDEND COMPOUNDING AND CREDITING. The compounding and crediting frequency of dividends are stated in the Rate Schedule. For Certificate Account accounts, dividends must be Dividends are paid directly to the member or are paid to another credit union account. For Youth Certificate, Xxxx XXX Certificate, Xxxxxxxxx ESA Certificate, Jumbo Certificate, Add On Certificate, and Step-Up Certificate accounts, dividends must be Dividends are paid directly to the member or paid to another credit union account.
DIVIDEND COMPOUNDING AND CREDITING. Dividends will be compounded monthly and credited on the first day of the following month and the dividend period is monthly. For example, the beginning date of the first dividend period of the calendar year is January 1 and the ending date is January 31. All other dividend periods follow this same pattern of dates. The dividend declaration date precedes the ending date of a dividend period and, for example, is the fourth Thursday of January. If you close your Money Market Account before dividends are paid, you will not receive the accrued dividends. If the daily balance is below $2,500 no dividends will be accrued. 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. TRANSACTION LIMITATIONS: No transaction limitations apply to your Money Market Account. APPLIES TO TIERED MONEY MARKET ACCOUNT ONLY: The Dividend Rates and Annual Percentage Yields (APY) on these accounts has a variable, tiered rate feature. A tier is a range of account balances; different rates and APY’s may apply to different tiers. When the balance increases or decreases to a different tier, the account balance will be subject to the rate applicable to that tier for the time the balance is at the higher or lower level. This means if an account balance goes below or above a certain level even for one day, the account will be subject to that tier for one day. The minimum balance requirements for each tier and the corresponding dividend rates and Annual Percentage Yields (APYs) are set forth on the Dividend Rate Sheet. These rates are subject to change without notice. HOLIDAY CLUB ACCOUNT Downey Federal Credit Union offers a Holiday Club Account which lets you periodically save money for the holiday season.
DIVIDEND COMPOUNDING AND CREDITING. The compounding and crediting frequency of dividends are stated in the Rate Addendum and Schedule of Fees and Charges. At your option, you may choose to have dividends credited to your certificate account, paid to you by draft or transferred to another account of yours. If you elect to have dividends paid to you by draft or transferred to another account, compounding will not apply.
DIVIDEND COMPOUNDING AND CREDITING. Dividends will be compounded monthly and credited on the first day of the following month and the dividend period is monthly. For example, the beginning date of the first dividend period of the calendar year is January 1 and the ending date is January 31. All other dividend periods follow this same pattern of dates. The dividend declaration date precedes the ending date of a dividend period and, for example, is the fourth Thursday of January. If you close your Money Market Account before dividends are paid, you will not receive the accrued dividends. If the daily balance is below $2,500 no dividends will be accrued. 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.
DIVIDEND COMPOUNDING AND CREDITING. The compounding and crediting frequency of dividends and dividend period applicable to each account are stated in the Rate Schedule. The Dividend Period is the period of time at the end of which an account earns dividend credit. The Dividend Period begins on the first calendar day of the period and ends on the last calendar day of the period. For Holiday Club accounts, the dividend period is annual. For example, the first dividend period begins on November 1st and ends on October 31st. All other dividend periods follow this same pattern.
