Minimum Balance Requirement definition

Minimum Balance Requirement shall have the meaning set forth in the Pricing Letter.

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Minimum Balance Requirement means the requirement that, after giving effect to any limited partner’s tender, such limited partner’s account with the Fund must equal at least $25,000,000 (or, in the case of any limited partner admitted to the Fund before March 1, 2005, $250,000).

Minimum Balance Requirement. The minimum balance to open a Certificate account is $500.00. The minimum balance to open a Certificate account with the designated interest rate and annual percentage yield is the minimum amount for the designated rate tier. Minimum Balance to Obtain the Disclosure Annual Percentage Yield: The annual percentage yield is based on the assumption that there are no withdrawals of principal or interest prior to maturity. Any withdrawal prior to maturity will reduce earnings. Time Requirements: Your account will mature in the time period designated on your Certificate Contract.

Examples of Minimum Balance Requirement in a sentence

• Minimum Balance Requirement: The minimum balance required to open this account is $5.00, which must be maintained to keep the account open.

• Minimum Balance Requirement: There is no minimum balance required to open or maintain this account.

• If Seller shall fail to maintain with Buyer during any calendar month deposits in the Operating Account in the average, after charges to compensate Buyer for services rendered to Seller, equal to at least the Minimum Balance Requirement, Seller shall pay to Buyer a fee equal to the amount of such deficit multiplied by the Maintenance Fee Rate.

• Subject to Section 9(h), The Buydown Amount will accrue interest at the Operating Account Rate; provided that in no event shall interest accrue on (A) the Buydown Amount (x) if on any day the Buydown Amount is less than the Minimum Balance Requirement or (y) the average balance of funds in the Operating Account during any calendar month is less than the Minimum Balance Requirement and (B) that portion of the Buydown Amount that is in excess of the Minimum Balance Requirement.

• If Sellers shall fail to maintain with Buyer during any calendar month deposits in the Operating Account in the average, after charges to compensate Buyer for services rendered to Sellers, equal to at least the Minimum Balance Requirement, Sellers shall pay to Buyer a fee equal to the amount of such deficit multiplied by the Maintenance Fee Rate.

More Definitions of Minimum Balance Requirement

Minimum Balance Requirement. There is no minimum balance amount to open this account or to earn dividends. Transaction Limitations: Deposits can only be made by payroll deduction or automatic funds transfers, with the exception of the initial deposit. Withdrawals are limited to a total of four per calendar year and can only be made during May, June, July, Fees: Please see the Fee Schedule for current fees that may apply to this account. Holiday/Vacation Savings Rate Information: The dividend rate and annual percentage yield (APY) 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 dividend.

Minimum Balance Requirement means such sum as the Bank sets from time to time as the minimum balance for an Account as shown in the Bank Charges Schedule.

Minimum Balance Requirement means $[__].

Minimum Balance Requirement. The minimum purchase requirement is $100.00.

Minimum Balance Requirement. The minimum balance of $50.00 is required to open and earn stated interest rate. Transaction Limitations: Additional deposits are allowed during term of EZ Saver CD. Early Withdrawal Penalties: Your account will mature after the applicable term as set forth on your EZ Saver Certificate. We may impose a penalty if you withdraw any funds in your Certificate prior to the maturity date (see certificate for disclosure of penalty based on term).

Minimum Balance Requirement. The minimum purchase requirement is $100.00. Daily 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 on Non‐Cash Deposits: Interest will begin to accrue on the business day you deposit non‐cash items (e.g. checks) to your account. Transaction Limitations: After the certificate is purchased, no additional monies can be added until the stated maturity date. Partial withdrawals may be made throughout the term of the account; however, early withdrawal penalties will apply. This account may not be used for any electronic withdrawals or automatic transfers out of this account and into any other Alpena Alcona Area Credit Union account.

Minimum Balance Requirement means the minimum balance, if any, required to be maintained in a Settlement Account of a Participant at all times in terms of the System Rules.