Common use of Compounding Frequency Clause in Contracts

Compounding Frequency. Interest on your account will be compounded daily. Crediting Frequency. Interest will be credited to your account on your monthly statement cycle date. Daily Balance Computation Method. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal balance in the account each day.

Appears in 4 contracts

Samples: Agreement, Agreement, Agreement

AutoNDA by SimpleDocs

Compounding Frequency. Interest on your account will be compounded daily. Crediting Frequency. Interest will be credited to your account on your monthly statement cycle date. Daily Balance Computation Method. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal balance in the account on each day.

Appears in 4 contracts

Samples: Agreement, Agreement, Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!