Common use of Crediting Dividends Clause in Contracts

Crediting Dividends. Dividends will be credited quarterly. Dividends are not available to you until they have been credited to your account. Even though your account earns dividends every day, we don’t actually credit them to your account until the last day of the applicable dividend period. Dividends that are credited to your account will be added directly into your account. If you close your account before dividends are paid, you will not receive the accrued but unpaid dividends. Minimum Balance to Earn Dividends. You earn dividends on your Money Market Account each day that your account balance is $100.00 or more. We reserve the right to adjust minimum deposit balance requirements from time to time. How Withdrawals Affect Dividends. Even though we don’t credit your dividends to your account until the date specified above, we calculate them on a daily basis. Therefore, if you make a withdrawal, you won’t receive any further dividends on the withdrawn amount from the day you make the withdrawal until the day that dividends are credited.

Crediting Dividends. Dividends will be credited quarterly. Dividends are not available to you until they have been credited to your account. Even though your account earns dividends every day, we don’t do not actually credit them to your account until the last day of the applicable dividend period. Dividends that are credited to your account will be added directly into your account. If you close your account before dividends are paid, you will not receive the accrued but unpaid dividends. Minimum Balance to Earn Dividends. You There is no minimum balance required to earn dividends on your Money Market Account each day that your account balance is $100.00 or moredividends. We reserve the right to adjust minimum deposit balance requirements from time to time. How Withdrawals Affect Dividends. Even though we don’t do not credit your dividends to your account until the date specified above, we calculate them on a daily basis. Therefore, if you make a withdrawal, you won’t will not receive any further dividends on the withdrawn amount from the day you make the withdrawal until the day that dividends are credited.