Common use of Balance Computation Method Clause in Contracts

Balance Computation Method. For all dividend-bearing Accounts (except term Accounts), dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the Account each day. For term Accounts, dividends are calculated by the average daily balance method which applies a daily periodic rate to the average daily balance for the average daily balance calculation period. The average daily balance is determined by adding the full amount of the principal in Your Account for each day of the period and dividing that figure by the number of days in the period. Accrual on Noncash Deposits. For dividend-bearing Accounts, dividends will begin to accrue on the business day that You deposit noncash items (e.g. checks) into Your Account.

Balance Computation Method. For all dividend-bearing Accounts (except term Premium Yield Accounts), dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the Account each day. For term Accounts, dividends are calculated by the average daily balance method which applies a daily periodic rate to the average daily balance for the average daily balance calculation period. The average daily balance is determined by adding the full amount of the principal in Your Account for each day of the period and dividing that figure by the number of days in the period. For Premium Yield Accounts, dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the Account each day. Accrual on Noncash Deposits. For dividend-bearing Accounts, dividends will begin to accrue on the business day that You deposit place noncash items (e.g. checks) into Your Account.

Balance Computation Method. For all dividend-bearing Accounts (except term money market Accounts), dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the Account each day. For term Accounts, dividends are calculated by the average daily balance method which applies a daily periodic rate to the average daily balance for the average daily balance calculation period. The average daily balance is determined by adding the full amount of the principal in Your Account for each day of the period and dividing that figure by the number of days in the period. For money market Accounts, dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the Account each day. Accrual on Noncash Deposits. For dividend-bearing Accounts, dividends will begin to accrue on the business day that You deposit noncash items (e.g. checks) into Your Account.

Balance Computation Method. For all dividend-bearing Accounts (except term Accounts), dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the Account each day. For term Accounts, dividends are calculated by the average daily balance method which applies a daily periodic rate to the average daily balance for the average daily balance calculation period. The average daily balance is determined by adding the full amount of the principal in Your Account for each day of the period and dividing that figure by the number of days in the period. For all interest-bearing Accounts, interest is calculated by the daily balance method which applies a daily periodic rate to the principal in Your Account each day. Accrual on Noncash Deposits. For all dividend/interest-bearing Accounts, dividends dividends/interest will begin to accrue on the business day that You deposit place noncash items (e.g. checks) into Your Account.

Balance Computation Method. For all dividend-bearing Accounts (except term Business Share Accounts), dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the Account each day. For term Accounts, dividends are calculated by the average daily balance method which applies a daily periodic rate to the average daily balance for the average daily balance calculation period. The average daily balance is determined calculated by adding the full amount of balance in the principal in Your Account for each day of the period and then dividing that figure by the number of days in the period. For Business Share Accounts, dividends are calculated by the daily balance method which applies a daily periodic rate to the principal in Your Account each day. Accrual on Noncash Deposits. For dividend-bearing Accounts, dividends will begin to accrue on the business day that You deposit noncash items (e.g. checks) into Your Account.