Demand Deposits. Interest shall be calculated at the then prevailing rate for the relevant currency posted by the Bank from time to time Interest shall be calculated semiannually in arrears as of June 20 and December 20 of each year and paid on the following business day. Interest on New Taiwan Dollar Demand Deposit is calculated on a daily basis (day-end deposit balance multiplied relevant interest rate and divided by 365 days). Cash deposit, fund transfer or remittance through ATM or internet banking to Demand Deposit accounts during non-business hours (including holidays), the interest will be calculated from the day if the transaction completed on or before 23:00pm.
Appears in 6 contracts
Samples: General Agreement for Deposits, General Agreement for Deposits, General Agreement for Deposits
