Common use of Annual Percentage Yield Clause in Contracts

Annual Percentage Yield. ‌ The Annual Percentage Yield (“APY”) is the actual interest rate your money will earn if it remains on deposit for a full year and all interest is left in such TD. The APY for your TD is set forth on the signed Fixed-Rate Term Deposit Application and/or on your TD Advice of Deposit. If your TD is for a term of less than one year, the APY shown assumes that all principal and accrued interest on your TD will be renewed for a full year at the same interest rate. The APY disclosed on the face of your Fixed-Rate Term Deposit Application, TD Advice of Deposit or on the Notice of Maturity assumes interest will remain on deposit until maturity. Interest is earned to, but not including, the maturity date or date of early withdrawal. On maturities of more than one year, interest will be earned at least annually and the amount(s) paid or earned will be reported to the IRS each calendar year. A withdrawal will reduce earnings.

Annual Percentage Yield. ‌ The Annual Percentage Yield (“APY”) is the actual interest rate your money will earn if it remains on deposit for a full year and all interest is left in such TD. The APY for your TD is set forth on the signed Fixed-Rate Term Deposit Application and/or on your TD Advice of Deposit. If your TD is for a term of less than one year, the APY shown assumes that all principal and accrued interest on your TD will be renewed for a full year at the same interest rate. The APY disclosed on the face of your Fixed-Rate Term Deposit Application, TD Advice of Deposit or on the Notice of Maturity assumes interest will remain on deposit until maturity. Interest is earned to, but not including, the maturity date or date of early withdrawal. On maturities of more than one year, interest will be earned at least annually and the amount(s) paid or earned will be reported to the IRS each calendar year. A withdrawal will reduce earnings.

Annual Percentage Yield. ‌ The Annual Percentage Yield (“APY”) is the actual interest rate your money will earn if it remains on deposit for a full year and all interest is left in such TD. The APY for your TD is set forth on the signed Fixed-Rate Term Deposit Application and/or Applicationand/or on your TD Advice of Deposit. If your TD is for a term of less than one year, the APY shown assumes that all principal and accrued interest andaccruedinterest on your TD will be renewed for a full year at the same interest rate. The APY disclosed on disclosedon the face of your Fixed-Rate Term Deposit Application, TD Advice of Deposit or on the Notice of Maturity assumes interest will remain on deposit until maturity. Interest is earned to, but not including, the maturity date or date of o f early withdrawal. On maturities of more than one year, interest will be earned at least annually and the amount(s) paid or earned will be reported to the IRS each calendar year. A withdrawal will reduce earnings.