Common use of Compounding and Crediting for all Accounts Clause in Contracts

Compounding and Crediting for all Accounts. For all dividend bearing accounts, dividends will be compounded daily and will be credited monthly. For these accounts, the dividend period is monthly. For example, the beginning date of the first dividend period of the calendar year is January 1, and the ending date of such dividend period is January 31. All other dividend periods follow this same pattern of dates. The dividend declaration date is the ending date of a dividend period, and for this example is January 31.

Appears in 8 contracts

Samples: Business Account Agreement, Account Agreement, Account Agreement

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Compounding and Crediting for all Accounts. For all dividend bearing accounts, dividends will be compounded daily monthly and will be credited monthly. For these accounts, the dividend period is monthly. For example, the beginning date of the first dividend period of the calendar year is January 1, and the ending date of such dividend period is January 31. All other dividend periods follow this same pattern of dates. The dividend declaration date is follows the ending date of a dividend period, and for this example is January 31.

Appears in 5 contracts

Samples: Member Account Agreement and Disclosure, Member Account Agreement and Disclosure, Member Account Agreement and Disclosure

Compounding and Crediting for all Accounts. For all dividend bearing accountsaccounts including Certificate Accounts, dividends will be compounded daily and will be credited monthly. For these accounts, the dividend period is monthly. For example, the beginning date of the first dividend period of the calendar year is January 1, and the ending date of such dividend period is January 31. All other dividend periods follow this same pattern of dates. The dividend declaration date is the ending date of a dividend period, and for this example is January 31.

Appears in 4 contracts

Samples: Account Agreement, Account Agreement, Account Agreement

Compounding and Crediting for all Accounts. For all dividend bearing accounts, dividends will be compounded daily monthly and will be credited monthly. For these accounts, the dividend period is monthly. For example, the beginning date of the first dividend period of the calendar year is January 1, and the ending date of such dividend period is January 31. All other dividend periods follow this same pattern of dates. The dividend declaration date is the ending date of a dividend period, and for this example is January 31.

Appears in 2 contracts

Samples: Membership and Account Agreement, Share Account Agreement

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Compounding and Crediting for all Accounts. For all dividend bearing accounts, dividends will be compounded daily monthly and will be credited monthly. For these accounts, the dividend period is monthly. For example, the beginning begin- ning date of the first dividend period of the calendar year is January 1, and the ending date of such dividend period is January 31. All other dividend periods follow this same pattern of dates. The dividend declaration date is follows the ending date of a dividend period, and for this example is January 31.

Appears in 1 contract

Samples: Member Account Agreement and Disclosure

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