Common use of Interest Computation Method Clause in Contracts

Interest Computation Method. Unless otherwise stated on your Application, interest on a TD is computed by the Daily Balance method. This method applies a daily periodic rate to the principal in the account each day your funds are on deposit. Interest is earned to, but not including, the maturity date or date of early withdrawal.

Interest Computation Method. ‌ Unless otherwise stated on your Application, interest on a TD is computed by the Daily Balance method. This method applies a daily periodic rate to the principal in the account each day your funds are on deposit. Interest is earned to, but not including, the maturity date or date of early withdrawal.

Interest Computation Method. Unless otherwise stated on your onyour Application, interest on a TD is computed by the Daily Balance method. This method applies methodapplies a daily periodic rate to the principal in the account each day your funds are on deposit. Interest is earned to, but not including, the maturity date or date of early withdrawalearlywithdrawal.