Common use of Calculating and Compounding Dividends Clause in Contracts

Calculating and Compounding Dividends. Dividends are calculated by the daily balance method, which applies a daily periodic rate to the balance in an account each day. Dividends are calculated daily and paid monthly on your Regular Savings Account. We compound your dividends, even though the law does not require that. Compounding is more favorable to you because once dividends have been earned by your account, they are added to the balance on which you will continue to earn dividends. Because we compound dividends, the actual yield on your account will be somewhat higher than the annual dividend rate.

Calculating and Compounding Dividends. Dividends are calculated by the daily balance method, which applies a daily periodic rate to the balance in an account each day. Dividends are calculated daily and paid monthly on your Regular Savings Account. We compound your dividends, even though the law does not doesn’t require that. Compounding is more favorable to you you, because once dividends have been earned by your account, account they are added to the balance on which you will continue to earn dividends. Because we compound dividends, the actual yield on your account will be somewhat higher than the annual dividend rate.

Calculating and Compounding Dividends. Dividends are calculated by the average daily balance method, which applies a daily periodic rate to the average daily balance in an the account for the period. The average daily balance is calculated by adding the balance in the account for each day. Dividends are calculated daily day of the period and paid monthly on your Regular Savings Accountdividing that figure by the number of days in the period. We compound your dividends, even though the law does not doesn’t require that. Compounding is more favorable to you you, because once dividends have been earned by your account, account they are added to the balance on which you will continue to earn dividends. Because we compound dividends, the actual yield on your account will be somewhat higher than the annual dividend rate.

Calculating and Compounding Dividends. Dividends are calculated by the daily balance method, which applies a daily periodic rate to the balance in an account each day. Dividends are calculated daily and paid monthly on your Regular Savings Account. We compound your dividendsdivi- dends, even though the law does not doesn’t require that. Compounding is more favorable to you you, because once dividends have been earned by your account, account they are added to the balance on which you will continue to earn dividends. Because we compound dividends, the actual yield on your account will be somewhat higher than the annual dividend rate.