Common use of Interest Payment Frequency Clause in Contracts

Interest Payment Frequency. Interest shall be paid at the frequency noted in the Term Deposit Details section on the attached Term Deposit Contract Application or, if no frequency has been selected, interest shall be paid annually and at the Maturity Date in the case of a term deposit for more than one year and shall be paid at the Maturity Date only in the case of a term deposit for one year or less.

Appears in 5 contracts

Samples: www.gfcu.com, www.ekccu.com, www.bvcu.com

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Interest Payment Frequency. Interest shall be paid at the frequency noted in the Term Deposit Details section on the attached Term Deposit Contract Application page 1 of this Agreement or, if no frequency has been selected, interest shall be paid annually and at the Maturity Date in the case of a term deposit for more than one 1 year and shall be paid at the Maturity Date only in the case of a term deposit for one 1 year or less.

Appears in 3 contracts

Samples: Terms and Conditions, Terms and Conditions, Terms and Conditions

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