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. There is no minimum balance required to earn dividends. We reserve the right to adjust minimum deposit balance requirements from time to time.

Appears in 3 contracts

Samples: Membership/Account Agreement, Membership/Account Agreement, Membership/Account Agreement

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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. There You earn dividends on your Share Savings Accounts each day that your account balance is no minimum balance required to earn dividends$5.00 or more. We reserve the right to adjust minimum deposit balance requirements from time to time.

Appears in 2 contracts

Samples: Membership/Account Agreement, Membership/Account Agreement

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