Interest Disclosures. This Account is not interest-bearing. No interest will be paid on this Account.
Interest Disclosures. The interest rate and Annual Percentage Yield (“APY”) on your Account is variable and may change at any time. The interest rate on your Account is based on 75% of the midpoint of the federal funds rate target range1 as established by the Federal Open Market Committee of the Federal Reserve, multiplied by .55. The interest rate on your Account will be 2.22% with an APY of 2.24% and these rates are effective as of April 30, 2024. Interest on your Account will be compounded and credited on a monthly basis. If you close your Account, you will receive any interest that has accrued as of the date your Account is closed. There is no minimum balance required to open this Account. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate equal to 1/365 of the interest rate to the collected balance in the account each day. Interest will begin to accrue no later than the next business day following the banking day on which the funds were deposited.
Interest Disclosures. The interest rate and annual percentage yield on your account is variable and may change from time to time. The interest rate on your Account is based on 75% of the midpoint of the federal funds rate target range1 as established by the Federal Open Market Committee of the Federal Reserve, multiplied by .55. You can access the current interest rate applicable to your Account through the Online Banking Services or by contacting us as specified above. Interest on your Account will be compounded and credited on a monthly basis. If you close your Account, you will receive any interest that has accrued as of the date your Account is closed. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate equal to 1/365 of the interest rate to the collected balance in the account each day. Interest will begin to accrue no later than the next business day following the banking day on which the funds were deposited.
Interest Disclosures. The interest rate on the Banking and Banking Select tiers is 1.86% with an annual percentage yield of 1.88%. Your interest rate and annual percentage yield may change. The interest rate on Banking and Banking Select tiers is variable and equal to 40% of the upper bound of the federal funds rate target range as established by the Federal Open Market Committee of the Federal Reserve minus a margin of 0.1%. In other words, we calculate the interest rate on your Banking and Banking Select tiers by taking the upper bound of the federal funds rate target range, subtracting 0.1%, and then multiplying the result by 0.4. The interest rate on the Growth tier is 4.25% with an annual percentage yield of 4.33%. Your interest rate and annual percentage rate may change. The interest rate on the Scale tier is 4.50% with an annual percentage yield of 4.59%. Your interest rate and annual percentage rate may change. Interest on all tiers will be compounded and credited on a monthly basis. If you close your Account, you will receive any interest that has accrued as of the date your Account is closed. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate equal to 1/365 of the Interest Rate to the collected balance in the account each day. Interest will begin to accrue no later than the next business day following the banking day on which the funds were deposited.
Interest Disclosures. Tier 1 and Tier 2 Accounts are not interest-bearing. No interest will be paid on Tier 1 and Tier 2 Accounts. The interest rate on your Interest-Bearing Account is variable and will initially be equal to 3.94% with an annual percentage yield of 4.01%. This interest rate and annual percentage yield may change from time to time. The interest rate on your Interest-Bearing Account is based on the upper bound of the federal funds rate target range as established by the Federal Open Market Committee of the Federal Reserve minus a margin of 10 bps, multiplied by .73. Interest on your Interest-Bearing Account will be compounded and credited on a monthly basis. If you close your Interest-Bearing Account, you will receive any interest that has accrued as of the date your Interest-Bearing Account is closed. We use the daily balance method to calculate the interest on your Interest-Bearing Account. This method applies a daily periodic rate equal to 1/365 of the interest rate to the collected balance in the account each day. Interest will begin to accrue no later than the next business day following the banking day on which the funds were deposited.
Interest Disclosures. The Default Tier and VIP Tier Accounts are not interest-bearing. No interest will be paid on the Default and VIP Tier Accounts. The interest rate on your Interest and Interest Max Tier Accounts is variable. This interest rate and annual percentage yield may change at any time. The interest rate on your Interest Tier is based on the midpoint of the federal funds rate target range, as established by the Federal Open Market Committee of the Federal Reserve, minus a margin of 20 bps and multiplied by .28. You can access the current interest rate applicable to your Interest Tier through the Online Banking Services or by contacting us as specified above. The interest rate on your Interest Max Tier is based on the midpoint of the federal funds rate target range, as established by the Federal Open Market Committee of the Federal Reserve, minus a margin of 20 bps and multiplied by .57. You can access the current interest rate applicable to your Interest Max Tier through the Online Banking Services or by contacting us as specified above.
Interest Disclosures. Business Ready Accounts are not interest-bearing. No interest will be paid on Business Ready Accounts. The Interest Rate on Business Plus Accounts is 0.15% with an Annual Percentage Yield of 0.15%. The Interest Rates and Annual Percentage Yields are variable and may change at any time at our discretion. Interest on Business Plus Accounts will be compounded and credited on a monthly basis. If you close your Business Plus Account or convert your Business Plus Account to a Business Ready Account, you will receive any interest that has accrued as of the date your Business Plus Account is closed or converted. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate equal to 1/365 of the Interest Rate to the collected balance in the account each day. Interest will begin to accrue no later than the next business day following the banking day on which the funds were deposited.
Interest Disclosures. The Standard Checking Account is not interest-bearing. No interest will be paid on your Standard Checking Account. The interest rate on your Protected Envelope Account is variable and will initially be equal to 3.76% with an annual percentage yield of 3.83%. This interest rate and annual percentage yield may change from time to time. The interest rate on your Protected Envelope Account is based on the midpoint of the federal funds rate target range1 as established by the Federal Open Market Committee of the Federal Reserve, multiplied by .70. You can access the current interest rate applicable to your Protected Envelope Account through the Online Banking Services or by contacting us as specified above. Interest on your Protected Envelope Account will be compounded and credited on a monthly basis. If you close your Protected Envelope Account, you will receive any interest that has accrued as of the date your Protected Envelope Account is closed. 1 The federal funds rate target range is published on xxx.xxx.xxx/xxxxxx-xxxx/xxxxx/xxxxxxxxxx as the Federal Funds - Target Rate. We use the daily balance method to calculate the interest on your Protected Envelope Account. This method applies a daily periodic rate equal to 1/365 of the interest rate to the collected balance in the Protected Envelope Account each day. Interest will begin to accrue no later than the next business day following the banking day on which the funds were deposited.
Interest Disclosures. Legacy Complete and Essential Tiers: The Legacy Complete and Essential Tier Accounts are not interest-bearing. No interest will be paid on the Legacy Complete and Essential Tier Accounts. Xxxxxx Xxxxxxx Tier: The interest rate and annual percentage yield on your Xxxxxx Xxxxxxx Tier is variable and may change from time to time. The interest rate on your Xxxxxx Xxxxxxx Tier is based on the upper bound of the federal funds rate target range as established by the Federal Open Market Committee of the Federal Reserve minus a margin of 10bps, multiplied by .91. You can access the current interest rate applicable to your Account through the Online Banking Services or by contacting us as specified above. Platinum Tier: The interest rate and annual percentage yield on your Platinum Tier is variable and based upon your Account balance from the previous month, as outlined in the table below. You can access the current interest rate applicable to your Platinum Tier through the Online Banking Services or by contacting us as specified above. Account Balance from Prior Month Your interest rate and annual percentage yield may change from time to time. Your interest rate is based on the: $100,000-$199,999 upper bound of the of the federal funds rate target range as established by the Federal Open Market Committee of the Federal Reserve minus a margin of 10 bps, multiplied by .21 $200,000-$499,999 upper bound of the of the federal funds rate target range as established by the Federal Open Market Committee of the Federal Reserve minus a margin of 10 bps, multiplied by .41 $500,000-$999,999 upper bound of the of the federal funds rate target range as established by the Federal Open Market Committee of the Federal Reserve minus a margin of 10 bps, multiplied by .72 $1,000,000-$2,499, 999 upper bound of the of the federal funds rate target range as established by the Federal Open Market Committee of the Federal Reserve minus a margin of 10 bps, multiplied by .84 $2,500,000-$10,000 ,000 upper bound of the of the federal funds rate target range as established by the Federal Open Market Committee of the Federal Reserve minus a margin of 10 bps, multiplied by .88 Over $10,000,000 upper bound of the of the federal funds rate target range as established by the Federal Open Market Committee of the Federal Reserve minus a margin of 10 bps, multiplied by .92 Interest on your Xxxxxx Xxxxxxx Tier and Platinum Tier Accounts will be compounded and credited on a monthly basis. If you close yo...
Interest Disclosures. With regard to any information (including materials) disclosed pursuant to this Agreement by one Party to the other Party regarding intellectual property and/or technology owned by Third Parties, the Parties agree that they have a common legal interest in determining whether, and to the extent, Third Party intellectual property rights may affect the conduct of the Exploitation of any Product, and have a further common legal interest in defending against any actual or prospective Third Party claims based on allegations of misuse or infringement of intellectual property rights relating to the development, commercialization, marketing, sale and/or use of any Product. Accordingly, the Parties agree that all such information obtained by one Party from the other Party will be used solely for purposes of the Parties’ common legal interests with respect to the conduct of this Agreement. All information will be treated as protected by the attorney-client privilege, the work product privilege, and any other privilege or immunity that may otherwise be applicable. By sharing any information, neither Party intends to waive or limit any privilege or immunity that may apply to the shared information. Neither Party shall have the authority to waive any privilege or immunity on behalf of the other Party without such other Party’s prior written consent, nor shall the waiver of privilege or immunity resulting from the conduct of one Party be deemed to apply against any other Party. Without limiting the foregoing, the Parties acknowledge and agree that [***] INDICATES MATERIAL THAT WAS OMITTED AND FOR WHICH CONFIDENTIAL TREATMENT WAS REQUESTED. ALL SUCH OMITTED MATERIAL WAS FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 UNDER THE SECURITIES ACT OF 1933, AS AMENDED. they may enter into a more robust common interest agreement at a later date, which common interest agreement would supersede this Section 9.4.
