Crediting of Interest. Frequency: Interest will be compounded on a daily basis and credited to your Savings Account quarterly.
Crediting of Interest. The interest rate for this account is established on the day you open the CD. Interest will be compounded daily and credited monthly.
Crediting of Interest. Interest shall be credited daily on all Purchase Payments that are allocated to the fixed portion of this Contract. Prior to the time the Annuitant elects to receive Benefit Payments or the death of the Annuitant, whichever occurs first, LNL guarantees that it will credit interest on fixed allocations at an effective annual rate not less than 4.5% during the first five contract years, 4.0% for the next five contract years, and 3.5% after that. A table of guaranteed values for the fixed allocations may be found in Article 7. LNL may credit interest at rates in excess of the guaranteed rates at any time and guarantee higher rates for shorter periods of time.
Crediting of Interest. Each Deferred Fee Account to which Fees have been credited in dollar amounts shall be increased by the amount of interest earned since the immediately preceding Accounting Date. Interest shall be credited at the Declared Rate as of each Accounting Date based on the average daily balance of the Director's Deferred Fee Account since the immediately preceding Accounting Date, but after the Deferred Fee Account has been adjusted for any contributions or distributions to be credited or deducted for such period. Interest for the period prior to the first Accounting Date applicable to a Deferred Fee Account shall be prorated.
Crediting of Interest. The Premium Payment (less the Gross Surrender Value of all surrenders made) will earn interest daily at the effective annual Guarantee Rate during the Guarantee Period. This rate will never be less than the Minimum Interest Rate. The Guarantee Rate is set by Us for the applicable Guarantee Period on the effective date of each Guarantee Period. The initial Guarantee Rate that We will credit is shown on the Contract Specifications page. MINIMUM INTEREST RATE. The guaranteed Minimum Interest Rate that will be applied during a Guarantee Period is determined at the beginning of each Guarantee Period. The Minimum Interest Rate equals the greater of 1% and an interest rate calculated as follows: The interest rate will be such that the Contract Value prior to the application of the Market-Value-Adjustment (MVA) will never be less than 87.5% of the Contract Value at the beginning of the then effective Guarantee Period, adjusted for prior withdrawals, accumulated at the non-forfeiture interest rate required by the Standard Non-forfeiture Law for individual fixed deferred annuities. The guaranteed Minimum Interest Rate will be recalculated monthly for Guarantee Period renewals and new Contracts We issue, based on the formula above. It will not change during a Guarantee Period. We may credit additional interest at Our sole discretion. SURRENDER PROVISIONS
Crediting of Interest. For the purpose of determining the interest to be credited to the Executive’s Account under the Plan, the Bank shall assume that the Executive’s Account is invested in such a manner that it earns a rate of interest equal to the “Interest Crediting Rate,” as described below in Section 3.2. This amount accrued by the Bank as additional deferred compensation shall be a part of the Bank’s obligation to the Executive. The determination of interest credited to the Executive’s Account shall in no way affect the ability of the general creditors of the Bank to reach the assets of the Bank in the event of the insolvency or bankruptcy of the Bank or place the Executive in a secured position ahead of the general creditors of the Bank. There is no requirement that any assets of the Bank shall be invested in any particular manner. Interest hereunder shall be credited to the Executive’s Account effective as of the date the Account first has a positive balance and continuing through the date the Account balance is fully paid to the Executive.
Crediting of Interest. As of the last day of each Plan Year, each Deferred Account to which Compensation has been credited in dollar amounts shall be increased by the amount of interest earned during the Plan Year. Interest shall be credited at the Rate of Return as of the last day of the Plan Year based on the average daily balance of the Participant's Deferred Account since the beginning of the Plan Year, but after the Deferred Account has been adjusted for any contributions or distributions to be credited or deducted for such period. Until a Participant or his or her Beneficiary receives the Participant's entire Deferred Account, the unpaid balance thereof credited in dollar amounts shall bear interest as provided in this Section 5.2.
Crediting of Interest. The Premium Payment (less the Gross Surrender Value of all surrenders previously made), or Contract Value, as applicable, will earn interest daily at the effective annual Guarantee Rate during the relevant Guarantee Period. This rate will never be less than the Minimum Interest Rate. The Guarantee Rate is set by Us for the applicable Guarantee Period on the effective date of each Guarantee Period. The initial Guarantee Rate that We will credit is shown on the Contract Specifications page and will be amended for each succeeding Guarantee Period as of each Specifications Date. The Contract Value held during the Default Guarantee Period will earn interest daily at an effective annual rate that will never be less than the Minimum Interest Rate. MINIMUM INTEREST RATE. The guaranteed Minimum Interest Rate that will be applied during a Guarantee Period is determined at the beginning of each Guarantee Period inclusive of the Default Guarantee Period. The Minimum Interest Rate equals the greater of 1% and an interest rate calculated as follows: The interest rate will be such that the Contract Value prior to the application of the Market Value Adjustment will never be less than 87.5% of the Contract Value at the beginning of the then effective Guarantee Period, adjusted for prior withdrawals, accumulated at the non-forfeiture interest rate required by the Standard Non-forfeiture Law for individual fixed deferred annuities. The nonforfeiture interest rate will be the lesser of three percent or a rate equal to the average five-year Constant Maturity Treasury Rate reported by the Federal Reserve for the calendar month two months prior to the date guaranteed rates updates are made publicly available rounded to the nearest one-twentieth of one per cent reduced by one hundred twenty-five basis points; where the resulting interest rate is not less than one per cent. Guaranteed rates are updated and made publicly available at least once a month. The nonforfeiture rate will be updated at the beginning of every guarantee period. It will not change during a Guarantee Period. The Minimum Interest Rate will be recalculated at the beginning of every Guarantee Period and every Default Guarantee Period. We may credit additional interest at Our sole discretion. SURRENDER PROVISIONS
Crediting of Interest. Interest will be credited to the Guaranteed Account Contract Value during the Guaranteed Period from the date premium is received by the Company. The rate of interest for the Guaranteed Period selected will be as declared in advance by the Company's Board of Directors. The rate of interest will never be less than the rate shown on the Contract Data Page. DEFERMENT OF PAYMENTS. We may defer making payments from the Guaranteed Account for up to 6 months. Interest, subject to state requirements, will be credited during the deferral period.
Crediting of Interest. Interest will be credited daily to Net Contributions allocated to each General Account Sub-Account. Interest will be credited from the Valuation Date the Net Contribution is credited to the Sub-Account to the Valuation Date preceding the date the Net Contribution is distributed from the Sub-Account. Interest will be calculated on a simple interest method, based on the ending daily balances in the Sub-Account, with interest compounded annually.
