Calculation of Interest on the Deposits Clause Samples
The 'Calculation of Interest on the Deposits' clause defines how interest will be determined and applied to funds held as deposits under the agreement. Typically, this clause specifies the applicable interest rate, the method of calculation (such as simple or compound interest), and the frequency with which interest is credited to the deposit. By clearly outlining these terms, the clause ensures both parties understand how much interest will accrue over time, thereby preventing disputes and providing transparency regarding the financial treatment of deposited funds.
Calculation of Interest on the Deposits. 15.2.1 The interest shall accrue to the deposit to be calculated be calculated on 365 days in a year basis in accordance with each particular deposit agreement executed by the parties and sources disseminated by the bank (including booklets, brochures, information placed on the web site of the bank, etc.).
15.2.2 The interest shall accrue to the funds held on the deposit account commencing with the next working day after the date of crediting the funds.
Calculation of Interest on the Deposits. 14.2.1 The interest shall accrue to the deposit to be calculated be calculated on 365 days in a year basis in accordance witahrteicauclharpdeposit agreement executed by the parties and sorcues disseminated by the bank (including booklets, brochures, the web site of the bank, etc.).
14.2.2 The interest shall accrue to the funds held on the deposit account commencing with the next working day after the date doifticnrge the funds. 14.3.1 The bank is under obligation:
14.3.1. 1to accept funds and pay the interest accrued thereon in accordance with the terms and conditions of this agreement;
14.3.1. 2upon the expiration of the term of the deposit or in no later than 7 (seven) calendar Vda y IURP WKH GHSRVLWRU¶V UHTXHVW deposit), to pay to the depositor all the funds standing to the deposit account, including the accrued interest, such paytombeentperformed in the same currency as the funds held in the depoasictcount.
Calculation of Interest on the Deposits. 14.2.1 The interest shall accrue to the depiot sto be calculated be calculated on 365 days in a year basis in accordance with each particular deposit agreement executed by the parties and sources disseminated by the bank (including booklets, brochures, the web site of the bank, etc.).
14.2.2 The interest shall accrue to the funds held on the deposit account commencing with the next working day after the date of crediting the funds.
Calculation of Interest on the Deposits. 14.2.1 The interest shall accrue to the deposit to be calculated be calculated on 365 days in a year basis in accordance witahrteicauclharpdeposit agreement executed by the parties and sorcues disseminated by the bank (including booklets, brochures, the web site of the bank, etc.).
14.2.2 The interest shall accrue to the funds held on the deposit account commencing with the next working day after the date doifticnrge the funds. 14.3.1 The bank is under obligation:
14.3.1. 1to accept funds and pay the interest accrued thereon in accordance with the terms and conditions of this agreement;