Interest Rates Paid on Deposit Balances Sample Clauses

Interest Rates Paid on Deposit Balances. You will not be paid interest on your Sub-Deposit Accounts. Your Account is not an interest-bearing account and you will not be paid interest or any other form of income on your funds held in any Account or Sub-Deposit Account.]
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Interest Rates Paid on Deposit Balances. Your Account is an interest bearing account, and you will accrue interest on the total of your balances in the Account and Sub-Deposit Accounts at the rate, and in accordance with the terms of this Agreement and the Section titled “Interest Information.” No Program Bank pays interest to you on the balances in the Sub-Deposit Accounts. For the avoidance of doubt, Bank will pay interest to your Account based on the Account and Sub-Deposit Account balance you maintain, all in accordance with the terms of this Agreement and the Section titled “Interest Information.” The existence of the Sub-Deposit Account will not change the manner in which you use, obtain information about or earn interest on your Account, except that Bank will consider your balances in the Sub-Deposit Account for purposes of calculating your Account balance and Account interest payments. The amount of fees or compensation received by Bank from a Program Bank does not affect the interest rate you receive on your Account, which will uniformly accrue across your Account and Sub-Deposit Account solely in accordance with this Agreement.

Related to Interest Rates Paid on Deposit Balances

  • Credit Balances No interest or other amount will be paid by us on any credit balance on the Unallocated Account.

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