Common use of Balance Computation Method Clause in Contracts

Balance Computation Method. We use the average daily balance method to calculate interest on your Account. This average daily balance method applies a periodic rate to the average daily balance in your Account for the Period. The average daily balance is calculated by adding the principal in your Account for each day of the Period and dividing that figure by the number of days in the Period. For purposes of this Truth-in- Savings Disclosure, the term“Period”refers to a calendar quarter (or portion thereof if the Account is opened or closed during the Period).

Balance Computation Method. We use the average daily balance method to calculate interest on your Savings Account. This average daily balance method applies a periodic rate to the average daily balance in your the Savings Account for the Periodperiod. The average daily balance is calculated by adding the principal in your the Savings Account for each day of the Period period and dividing that figure by the number of days in the Period. For purposes of this Truth-in- Savings Disclosure, the term“Period”refers to a calendar quarter (or portion thereof if the Account is opened or closed during the Period)period.

Balance Computation Method. We use the average daily balance method to calculate interest on your Account. This average daily balance method applies a daily periodic rate to the average daily every end-of-day balance in your Account for the Periodperiod. The average daily rate is calculated by using an actual/365-day count convention. The end-of-day balance is calculated by adding the principal in your Account for each day of the Period and dividing that figure by the number of days in the Period. For purposes of this Truth-in- Savings Disclosure, the term“Period”refers to a calendar quarter (or portion thereof if the Account is opened or closed during the Period)accrued interest.

Balance Computation Method. We use the average daily balance method to calculate interest on your Savings Account. This The average daily balance method applies a periodic rate to the average daily balance Average Daily Balance in your Savings Account for the Period. The average daily balance Average Daily Balance is calculated by adding the principal in your Savings Account for each day of the Period and dividing that figure by the number of days in the Period. For purposes of this Truth-in- in-Savings Disclosure, the term“Period”refers term “Period” refers to a calendar quarter (or portion thereof if the Savings Account is opened or closed during the Period).

Balance Computation Method. We use the average daily balance method to calculate interest on your Savings Account. This The average daily balance method applies a periodic rate to the average daily balance Average Daily Balance in your Savings Account for the Period. The average daily balance Average Daily Balance is calculated by adding the principal in your Savings Account for each day of the Period and dividing that figure by the number of days in the Period. For purposes of this Truth-in- in-Savings Disclosure, the term“Period”refers term "Period" refers to a calendar quarter (or portion thereof if the Savings Account is opened or closed during the Period).

Balance Computation Method. We use the average daily balance method to calculate interest on your Account. This average daily balance method applies a periodic rate to the average daily balance in your Account for the Period. The average daily balance is calculated by adding the principal in your Account for each day of the Period and dividing that figure by the number of days in the Period. For purposes of this Truth-in- in-Savings Disclosure, the term“Period”refers term "Period" refers to a calendar quarter (or portion thereof if the Account is opened or closed during the Period).