Common use of Calculation Method Clause in Contracts

Calculation Method. We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the daily balance in the account each day. Minimum Balance Requirements. The minimum balance requirements for your accounts are disclosed in the minimum balance requirement and account rate information section of this disclosure. Account Transaction Limitations. You may not make deposits into your account until the maturity date. You may not make withdrawals of principal from your account before the maturity date. You may only withdraw interest after it has been credited to your account.

Calculation Method. We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the daily balance in the account each day. Minimum Balance Requirements. The minimum balance requirements for your accounts are disclosed in the minimum theminimum balance requirement and account rate information section of this disclosure. Account Transaction Limitations. You may not make deposits into your account until the maturity date. You may not make withdrawals of principal from your account before the maturity date. You may only withdraw interest after it has been credited to your account.