Compounding and Crediting of Interest. Dividends begin to accrue on the day you open or renew a Certificate. If an additional deposit of cash, check or any other non-cash item is being made to the certificate at maturity, this deposit will begin to accrue dividends as of the maturity date. Dividends will be compounded according to your Business Rates and Fees Schedule. Dividends may be credited to another Share type within the account, quarterly, or at maturity depending on the certificate term. If you select to transfer dividend payments during the term of your Certificates, dividends are not compounded.
Appears in 2 contracts
Sources: Business Membership Agreement, Business Membership Agreement