Term Deposit Rate definition

Term Deposit Rate means the rate per annum equal to the Bank Rate minus 3.00% per annum.
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Examples of Term Deposit Rate in a sentence

  • Third Positive Result: For the third positive result, the student will be ineligible to participate in any extra-curricular activities for the remainder of their high school career.

  • Similarly, the Weighted Average Domestic Term Deposit Rate declined by 81 bps during the same period.

  • If BS indeed decides to reposition to point B after weighing the tradeoff, then BS need to update the direction of MS 1 and 2 to direction B1 and direction B2 respectively.

  • INTEREST RATES Chart 3: 90-Day Term Deposit Rate vs RBA Cash Rate Source: ANZ and RBA 2.

  • Clamps: Clamps on uninsulated pipes shall be applied directly to pipe.

  • For Revene Stamp Authorised Signatory DEMAND PROMISSORY NOTE [FLOATING] Rs. /- (Place) (Date) ON DEMAND WE, (Name and Address of the Borrower) promise to pay Kotak Mahindra Bank Limited (“the Bank") or order at their office in the sum of Rs. /- (Rupees only) with interest thereon at the Term Deposit Rate of the Bank plus % per annum with monthly rests for value received.

  • Actual ActualYTD BudgetVariationIncome to November 2015352,914322,50030,414Estimated for remainder of year507,086537,500-30,414 Total for 2015/2016860,000860,0000 90 Day Bank Bill Swap Rate2.21%Average Term Deposit Rate of Return for November 2015 2.83% Table 3 provides a breakdown of the Council’s investment portfolio by investment category.

  • December 2020 Performance SummaryThe Switzer Higher Yield Fund (SHYF) relaunched on 18 December 2020, delivering a return over that period of 0.18% net of fees, compared with 0.06% for the benchmark RBA Cash Rate + 1.5%.At the end of the month, the portfolio had a weighted average interest rate of 2.21% compared with the actual RBA Cash Rate of sub-0.10%, and the RBA's Average Retail Term Deposit Rate of 0.35%.

  • During the same period, the spread between the PLR and 1-month term deposit rate shrank from 5.97% to 5.71% (Graph 1).Graph 1 Prime Lending Rate, BI7DRR and 1-Month Term Deposit Rate Spread (PLR – BI7DRR); Spread (PLR – 1-Month TD Rate); PLR; 1-Month TD Rate; BI7DRR Source: Financial Services Authority (OJK) and Commercial Bank Reports, processed Broad-based PLR declines were reported across all bank groups, except state-owned banks.

  • Example: You have lodged a two year deposit of$100,000 with a Term Deposit Rate of 5.5%p.a. After one year and 60 days, you ask to withdraw the entire balance of your account.Interest for the first year is calculated at the original Term Deposit Rate of 5.5%p.a., meaning that your credit balance after one year is $105,500.

Related to Term Deposit Rate

  • Base Interest Rate means Bank's initial cost of funding the Fixed Obligations. The Prepayment Fee is calculated as follows: First, Bank determines a "Current Market Rate" based on what the Bank would receive if it loaned the remaining amount on the prepayment date in a wholesale funding market matching maturity, remaining principal and interest amounts and principal and interest payment dates (the aggregate payments received are the "Current Market Rate Amount"). Bank may select any wholesale funding market rate as the Current Market Rate. Second, Bank will take the prepayment amount and calculate the present value of each remaining principal and interest payment which, without prepayment, the Bank would have received during the term of the Fixed Obligations using the Base Interest Rate. The sum of the present value calculations is the "Xxxx to Market Amount." Third, the Bank will subtract the Current Market Rate Amount from the Xxxx to Market Amount. Any amount greater than zero is the Prepayment Fee.

  • Applicable Interest Rate means the rate of interest prescribed under the Act from time to time;

  • Prime Interest Rate means the publicly quoted variable annual basic rate of interest, published from time to time by the bankers of FUNDI as being their prime rate and as certified by the auditors of FUNDI, whose appointment it shall not be necessary to prove. Details of such bankers will be provided to the Applicant when so requested in writing.

  • Effective Interest Rate means the rate of interest per annum on the Loans in effect from time to time pursuant to the provisions of Section 3.1(a), (b) and (c).

  • Reserve Interest Rate With respect to any Interest Determination Date, the rate per annum that the Trustee determines to be either (i) the arithmetic mean (rounded upwards if necessary to the nearest whole multiple of 1/16%) of the one-month U.S. dollar lending rates which New York City banks selected by the Trustee are quoting on the relevant Interest Determination Date to the principal London offices of leading banks in the London interbank market or (ii) in the event that the Trustee can determine no such arithmetic mean, the lowest one-month U.S. dollar lending rate which New York City banks selected by the Trustee are quoting on such Interest Determination Date to leading European banks.

  • Reserve Account Deposit Amount means, with respect to any Distribution Date, the lesser of (x) the excess of (i) the Specified Reserve Balance over (ii) the amount on deposit in the Reserve Account on such Distribution Date, after taking into account the amount of any Reserve Account Withdrawal Amount on such Distribution Date and (y) the amount remaining in the Collection Account after taking into account the distributions therefrom described in clauses (i) through (xviii) of Section 5.7(a).

  • Initial Reserve Account Deposit Amount means an amount equal to $12,240,151.27.

  • Term Loan Interest Rate means for any day a per annum rate of interest equal to the greater of either (i) 9.25% plus the prime rate as reported in The Wall Street Journal minus 3.50% and (ii) 9.25%.

  • Initial Deposit Amount means the Issuing Entity’s deposit to the Reserve Account, on or before the Closing Date, of $[•].

  • Minimum Interest Rate With respect to each Adjustable Rate Mortgage Loan, a rate that is set forth on the Mortgage Loan Schedule and in the related Mortgage Note and is the minimum interest rate to which the Mortgage Interest Rate on such Mortgage Loan may be decreased.

  • Reference Interest Rate means the interest rate which is used as the basis for calculating any interest to be applied and which comes from a publicly available source which can be verified by both parties to a payment service contract;

  • Required Daily Deposit Target Principal Amount means, for any day in a Due Period, (i) if such Due Period is in [the Accumulation Period for the Class A( - ) Notes, the Accumulation Amount], (ii) if such day is on or after the occurrence and during the continuance of a Class A( - ) Adverse Event, the Nominal Liquidation Amount of the Class A( - ) Notes, and (iii) in all other circumstances, zero.

  • LIBOR Interest Rate means the rate per year (rounded upward to the next one-sixteenth (1/16th) of one percent (0.0625%), if necessary) determined by CNB to be the quotient of (a) the LIBOR Base Rate divided by (b) one minus the Eurocurrency Reserve Requirement for the Interest Period; which is expressed by the following formula: LIBOR Base Rate

  • Capped Interest Rate is defined in the Note, if applicable.

  • Term Loan Rate means an interest rate per annum equal to (a) the sum of the Alternate Base Rate plus the Applicable Margin with respect to Domestic Rate Loans and (b) the sum of the Eurodollar Rate plus the Applicable Margin with respect to Eurodollar Rate Loans.

  • Loan Interest Rate means, as to any Loan, the annual rate of interest specified in the Loan.

  • Required Daily Deposit Target Finance Charge Amount means, for any day in a Due Period, an amount equal to the Class A Tranche Interest Allocation for the related Distribution Date; provided, however, that for purposes of determining the Required Daily Deposit Target Finance Charge Amount on any day on which the Class A Tranche Interest Allocation cannot be determined because the LIBOR Determination Date for the applicable Interest Accrual Period has not yet occurred, the Required Daily Deposit Target Finance Charge Amount shall be the Class A Tranche Interest Allocation determined based on a pro forma calculation made on the assumption that LIBOR will be LIBOR for the applicable period determined on the first day of such calendar month, multiplied by 1.25.

  • Final payment rate means the aggregate sum of the two components (the blended base amount and capital costs) that, when added together, form the final dollar value used to calculate each provider’s reimbursement amount when multiplied by the DRG weight. These dollar values are displayed on the rate table listing.

  • Loan Rate for any Mortgage Loan and on any day means the per annum rate of interest applicable under the related Credit Line Agreement to the calculation of interest for the day on the Asset Balance of the Mortgage Loan.

  • Interest Rate shall have the meaning assigned to such term or analogous term in the Mortgage Loan Agreement.

  • Default Interest Rate is two percent above the base lending rate of Barclays Bank PLC, as varied from time to time;

  • Note Interest Rate means a per annum rate equal to 0.06% in excess of LIBOR as determined by the Calculation Agent on the related LIBOR Determination Date with respect to each Interest Period.

  • Class A-1 Interest Rate means [ ]% per annum (computed on the basis of the actual number of days elapsed during the applicable Interest Period, but assuming a 360-day year).

  • Overdue Interest Rate means, with respect to any Class, the Interest Rate applicable to such Class.

  • Maximum Interest Rate means the rate of interest that results in the maximum amount of interest allowed by applicable law.