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Common use of Compounding and Crediting of Interest Clause in Contracts

Compounding and Crediting of Interest. The interest rate for this CD is established on the day you open the CD. Interest will be compounded daily and credited monthly.

Appears in 7 contracts

Sources: Consumer Deposit Agreement, Consumer Deposit Agreement, Consumer Deposit Agreement

Related Clauses

  • Determination of Rate of Interest and calculation of Interest Amounts
  • Payment of Interest on the Credit Extensions
  • Alternative basis of interest or funding
  • Pooling of Interests
  • Compounding of default interest

Parent Clauses

  • Par Value of Shares
  • CERTIFICATES OF DEPOSIT
  • Truth in Savings Disclosure
  • CHECKING ACCOUNTS
  • Level Up Checking

Sub-Clauses

  • Frequency
  • Effect of Closing Your Account
  • Closing or Freezing Accounts
  • Inactive Accounts/Abandoned Property
  • Check Deposits
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