Average Daily Balance Computation Method. Dividends are calculated by the average daily balance method, which applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is the monthly statement cycle. Dividends will begin to accrue on the business day you place non-cash items (checks) to your account. There is no minimum withdrawal amount. During any month, you may not make more than six (6) withdrawals or transfers to another OHecu account of yours or to a third party by means of a pre-authorized or automatic transfer or telephonic order or instruction. No more than three (3) of the six transfers may be made by draft or similar order to a third party. If you exceed the transfer limitations set forth above, your account will be subject to closure by the Credit Union.
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