Common use of Average Daily Balance Computation Method Clause in Contracts

Average Daily Balance Computation Method. Dividends are calculated by the average daily balance method which applies a periodic rate to the average daily balance in the Account for the period. The average daily balance is calculated by adding the balance in the Account for each day of the period and dividing that figure by the number of days in the period. The period we use is the monthly statement cycle. Dividends will begin to accrue on the business day you make a deposit. Please refer to the Traditional IRA Custodial Agreement and The Traditional IRA Disclosure Statement or Xxxx XXX Custodial Agreement and The Xxxx XXX Disclosure Statement or Xxxxxxxxx Education Custodial Agreement and The Xxxxxxxxx Education Savings Disclosure Statement for information regarding transaction limitations on your Traditional or Xxxx XXX Savings Account or Xxxxxxxxx Education Savings Account. Please see the list of fees and charges found with this brochure.

Average Daily Balance Computation Method. Dividends are calculated by the average daily balance method which applies a periodic rate to the average daily balance in the Account for the period. The average daily balance is calculated by adding the balance in the Account for each day of the period and dividing that figure by the number of days in the period. The period we use is the monthly statement cycle. Dividends will begin to accrue on the business day you make a deposit. Transaction Limitations Please refer to the Traditional IRA Custodial Agreement and The Traditional IRA Disclosure Statement or Xxxx XXX Custodial Agreement and The Xxxx XXX Disclosure Statement or Xxxxxxxxx Education Custodial Agreement and The Xxxxxxxxx Education Savings Disclosure Statement for information regarding transaction limitations on your Traditional or Xxxx XXX Savings Account or Xxxxxxxxx Education Savings Account. Please see the list of fees and charges found with this brochure.