Common use of Compounding and Crediting Clause in Contracts

Compounding and Crediting. Interest is calculated by the daily balance method, which applies a daily periodic rate to the balance in the Certificate each day. Interest is compounded and credited to Certificate accounts on the first day of each month. If a Certificate account is closed before interest is credited, accrued interest will be paid to date less any early withdrawal penalty, if applicable. See the discussion of early withdrawal penalties in Subsection F below.

Compounding and Crediting. Interest is calculated by the daily balance method, which applies a daily periodic rate to the balance in the Certificate each day. Interest is compounded and credited to Certificate accounts on the first last day of each monthquarter. Interest payment periods are from January through March, April through June, July through September, and October through December, and at maturity. If a Certificate account is closed before interest is credited, accrued interest will be paid to date less any early withdrawal penalty, if applicable. See the discussion of early withdrawal penalties in Subsection F below.

Compounding and Crediting. Interest is calculated by the daily balance method, which applies a daily periodic rate to the balance in the Certificate certificate each day. Interest is compounded and credited to Certificate certificate accounts on the first last day of each monthquarter. Interest payment periods are from January through March, April through June, July through September, and October through December, and at maturity. If a Certificate certificate account is closed before interest is credited, accrued interest will be paid to date less any an early withdrawal penalty, if applicable. See the discussion of early withdrawal penalties in Subsection F below.

Compounding and Crediting. Interest is calculated by the daily balance method, which applies a daily periodic rate to the balance in the Certificate each day. Interest is compounded and credited to Certificate accounts account(s) on the first day of each month. If a Certificate account is closed before interest is credited, accrued interest will be paid to date less any early withdrawal penalty, if applicable. See the discussion of early withdrawal penalties in Subsection F below.

Compounding and Crediting. Interest is calculated by the daily balance method, which applies a daily periodic rate to the balance in the Certificate each day. Interest is compounded and credited to Certificate accounts account on the first last day of each monthquarter. Interest payment periods are from January through March, April through June, July through September, October through December, and at maturity. If a Certificate account is closed before accrued interest is credited, accrued interest will be paid to date less any early withdrawal penalty, if applicable. See the discussion of early withdrawal penalties in Subsection F below.