Common use of Compounding and Crediting Clause in Contracts

Compounding and Crediting. Dividends are calculated by the daily balance method, which applies a daily periodic rate to the balance in the account each day. Dividends are compounded and credited to your account on the last day of each quarter. Dividend payment periods are from January through March, April through June, July through September, and October through December. If you close your account before dividends are paid, you will not receive the accrued dividends.

Appears in 2 contracts

Samples: Membership and Account Agreement, Sole Proprietorship Membership and Account Agreement

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Compounding and Crediting. Dividends are calculated by the daily balance method, which applies a daily periodic rate to the balance in the account each day. Dividends are paid on the entire daily balance of the account at the dividend rate and APY corresponding to the applicable balance tier. Dividends are compounded and credited to your account on the last day of each quartermonth. Dividend The dividend payment periods are from January period begins on the first day of the calendar month and continues through March, April through June, July through September, and October through Decemberthe last day of the calendar month. If you close your account before dividends are paid, you will not receive the accrued dividends.

Appears in 1 contract

Samples: Membership and Account Agreement

Compounding and Crediting. Dividends are calculated by the daily balance method, which applies a daily periodic rate to the balance in the account each day. Dividends are compounded and credited to your account on the last day of each quartermonth. Dividend The dividend payment periods are from January period begins on the first day of the calendar month and continues through March, April through June, July through September, and October through Decemberthe last day of the calendar month. If you close your account before dividends are paid, you will not receive the accrued dividends.

Appears in 1 contract

Samples: Sole Proprietorship Membership and Account Agreement

Compounding and Crediting. Dividends are calculated by the daily balance method, which applies a daily periodic rate to the balance in the account each day. Dividends are paid on the entire daily balance of the account at the dividend rate and APY corresponding to the applicable balance tier. Dividends are compounded and credited to your account on the last day of each quarter. Dividend payment periods are from January through March, April through June, July through September, and October through December. If you close your account before dividends are paid, you will not receive the accrued dividends.

Appears in 1 contract

Samples: Membership and Account Agreement

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Compounding and Crediting. Dividends are calculated by the daily balance method, which applies a daily periodic rate to the balance in the account each day. Dividends are compounded and credited to your account on the last day of each quarter. Dividend payment periods are from January through March, April through June, July through September, and October through December. If you close your account Certificate before dividends are paidinterest is credited, you accrued interest will not receive be paid to date less any early withdrawal penalty, if applicable. See the accrued dividendsdiscussion of early withdrawal penalties in Subsection D below.

Appears in 1 contract

Samples: Sole Proprietorship Membership and Account Agreement

Compounding and Crediting. Dividends are calculated by the daily balance method, which applies a daily periodic rate to the balance in the account each day. Dividends are compounded and credited to your account on the last day of each quartermonth. Dividend The dividend payment periods are from January period begins on the first day of the calendar month and continues through March, April through June, July through September, and October through Decemberthe last day of the calendar month. If you close your account before dividends are paid, you will not receive be paid the accrued dividends.

Appears in 1 contract

Samples: Membership and Account Agreement

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