Common use of Deposit Management Program Fees Clause in Contracts

Deposit Management Program Fees. Other fees may be paid to us or our affiliates by third parties for assistance in performing certain transactions with respect to our Deposit Management Program (“Program”). Program fees are associated with cash management activities, such as account maintenance, depository bank selection, transaction processing, sub- accounting, record keeping, and any other services performed for the Program. Program fees for bank accounts maintained by Custodian for all IRAs shall be deducted solely from interest earned on uninvested Program cash prior to the crediting of such interest to the individual custodial account. For these services, the Custodian charges each bank account in the Program, a monthly fee at an annualized rate of up to 4.00% on the average assets maintained in the bank accounts, payable solely from interest earned on uninvested cash from the Program. The Program fees will be charged regardless of which bank accounts are being used by your IRA. The Custodian has no obligation to ensure that all such bank accounts pay the same rate of interest; however, the Custodian has the right, but not an obligation, to reduce (rebate) a portion of this fee to your IRA as to the balances in a specific bank’s bank account. The Program fee for administering the bank accounts can change from time to time without notice but cannot exceed the annualized rate of 4.00% without 30 days prior notice to you and in accordance with Section 19.4 hereof. The Program fee is deducted directly from any interest paid on each bank account in the Program, and the net amount is paid to your IRA monthly.

Appears in 2 contracts

Samples: Traditional Individual Retirement Custodial Account Agreement, Traditional Individual Retirement Custodial Account Agreement

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Deposit Management Program Fees. Other fees may be paid to us or our affiliates by third parties for assistance in performing certain transactions with respect to our Deposit Management Program (“Program”). Program fees are associated with cash management activities, such as account maintenance, depository bank selection, transaction processing, sub- accounting, record keeping, and any other services performed for the Program. Program fees for bank accounts maintained by Custodian for all IRAs shall be deducted solely from interest earned on uninvested Program cash prior to the crediting of such interest to the individual custodial account. For these services, the Custodian charges each bank account in the Program, a monthly fee at an annualized rate of up to 4.00% on the average assets maintained in the bank accounts, payable solely from interest earned on uninvested cash from the Program. The Program fees will be charged regardless of which bank accounts are being used by your IRAXxxx XXX. The Custodian has no obligation to ensure that all such bank accounts pay the same rate of interest; however, the Custodian has the right, but not an obligation, to reduce (rebate) a portion of this fee to your IRA Xxxx XXX as to the balances in a specific bank’s bank account. The Program fee for administering the bank accounts can change from time to time without notice but cannot exceed the annualized rate of 4.00% without 30 days prior notice to you and in accordance with Section 19.4 hereofyou. The Program fee is deducted directly from any interest paid on each bank account in the Program, and the net amount is paid to your IRA Xxxx XXX monthly.

Appears in 1 contract

Samples: Traditional Individual Retirement Custodial Account Agreement

Deposit Management Program Fees. Other fees may be paid to us or our affiliates by third parties for assistance in performing certain transactions with respect to our Deposit Management Program (“Program”). Program fees are associated with cash management activities, such as account maintenance, depository bank selection, transaction processing, sub- accounting, record keeping, and any other services performed for the Program. Program fees for bank accounts maintained by the Custodian for all IRAs HSAs shall be deducted solely from interest earned on uninvested Program cash prior to the crediting of such interest to the individual custodial account. For these services, the Custodian charges each bank account in the Program, a monthly fee at an annualized rate of up to 4.00% on the average assets maintained in the bank accounts, payable solely from interest earned on uninvested cash from the Program. The Program fees will be charged regardless of which bank accounts are being used by your IRAHSA. The Custodian has no obligation to ensure that all such bank accounts account pay the same rate of interest; however, the Custodian has the right, but not an obligation, to reduce (rebate) a portion of this fee to your IRA HSA as to the balances in a specific bank’s bank account. The Program fee for administering the bank accounts can change from time to time without notice notice, but cannot exceed the annualized rate of 4.00% without 30 days prior notice to you and in accordance with Section 19.4 20.4 hereof. The Program fee is deducted directly from any interest paid on each bank account in the Program, and the net amount is paid to your IRA HSA monthly.

Appears in 1 contract

Samples: Health Savings Custodial Account Agreement

Deposit Management Program Fees. Other fees may be paid to us or our affiliates by third parties for assistance in performing certain transactions with respect to our Deposit Management Program (“Program”). Program fees are associated with cash management activities, such as account maintenance, depository bank selection, transaction processing, sub- accounting, record keeping, and any other services performed for the Program. Program fees for bank accounts maintained by Custodian for all IRAs shall be deducted solely from interest earned on uninvested Program cash prior to the crediting of such interest to the individual custodial account. For these services, the Custodian charges each bank account in the Program, a monthly fee at an annualized rate of up to 4.00% on the average assets maintained in the bank accounts, payable solely from interest earned on uninvested cash from the Program. The Program fees will be charged regardless of which bank accounts are being used by your IRAXxxx XXX. The Custodian has no obligation to ensure that all such bank accounts pay the same rate of interest; however, the Custodian has the right, but not an obligation, to reduce (rebate) a portion of this fee to your IRA Xxxx XXX as to the balances in a specific bank’s bank account. The Program fee for administering the bank accounts can change from time to time without notice but cannot exceed the annualized rate of 4.00% without 30 days prior notice to you and in accordance with Section 19.4 hereof. The Program fee is deducted directly from any interest paid on each bank account in the Program, and the net amount is paid to your IRA Xxxx XXX monthly.

Appears in 1 contract

Samples: Traditional Individual Retirement Custodial Account Agreement

Deposit Management Program Fees. Other fees may be paid to us or our affiliates by third parties for assistance in performing certain transactions with respect to our Deposit Management Program (“Program”). Program fees are associated with cash management activities, such as account maintenance, depository bank selection, transaction processing, sub- sub-accounting, record keeping, and any other services performed for the Program. Program fees for bank accounts maintained by Custodian for all IRAs s shall be deducted solely from interest earned on uninvested Program cash prior to the crediting of such interest to the individual custodial account. For these services, the Custodian charges each bank account in the Program, a monthly fee at an annualized rate of up to 4.00% on the average assets maintained in the bank accounts, payable solely from interest earned on uninvested cash from the Program. The Program fees will be charged regardless of which bank accounts are being used by your IRAAccount. The Custodian has no obligation to ensure that all such bank accounts pay the same rate of interest; however, the Custodian has the right, but not an obligation, to reduce (rebate) a portion of this fee to your IRA Account as to the balances in a specific bank’s bank account. The Program fee for administering the bank accounts can change from time to time without notice but cannot exceed the annualized rate of 4.00% without 30 days prior notice to you and in accordance with Section 19.4 hereofyou. The Program fee is deducted directly from any interest paid on each bank account in the Program, and the net amount is paid to your IRA Account monthly.

Appears in 1 contract

Samples: Custodial Agreement

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Deposit Management Program Fees. Other fees may be paid to us or our affiliates by third parties for assistance in performing certain transactions with respect to our Deposit Management Program (“Program”). Program fees are associated with cash management activities, such as account maintenance, depository bank selection, transaction processing, sub- accounting, record keeping, and any other services performed for the Program. Program fees for bank accounts maintained by Custodian for all IRAs shall be deducted solely from interest earned on uninvested Program cash prior to the crediting of such interest to the individual custodial account. For these services, the Custodian charges each bank account in the Program, a monthly fee at an annualized rate of up to 4.00% on the average assets maintained in the bank accounts, payable solely from interest earned on uninvested cash from the Program. The Program fees will be charged regardless of which bank accounts are being used by your IRA. The Custodian has no obligation to ensure that all such bank accounts pay the same rate of interest; however, the Custodian has the right, but not an obligation, to reduce (rebate) a portion of this fee to your IRA as to the balances in a specific bank’s bank account. The Program fee for administering the bank accounts can change from time to time without notice but cannot exceed the annualized rate of 4.00% without 30 days prior notice to you and in accordance with Section 19.4 hereofyou. The Program fee is deducted directly from any interest paid on each bank account in the Program, and the net amount is paid to your IRA monthly.

Appears in 1 contract

Samples: Traditional Individual Retirement Custodial Account Agreement

Deposit Management Program Fees. Other fees may be paid to us or our affiliates by third parties for assistance in performing certain transactions with respect to our Deposit Management Program (“Program”). Program fees are associated with cash management activities, such as account maintenance, depository bank selection, transaction processing, sub- sub-accounting, record keeping, and any other services performed for the Program. Program fees for bank accounts maintained by Custodian for all IRAs shall be deducted solely from interest earned on uninvested Program cash prior to the crediting of such interest to the individual custodial account. For these services, the Custodian charges each bank account in the Program, a monthly fee at an annualized rate of up to 4.00% on the average assets maintained in the bank accounts, payable solely from interest earned on uninvested cash from the Program. The Program fees will be charged regardless of which bank accounts are being used by your IRAXxxx XXX. The Custodian has no obligation to ensure that all such bank accounts pay the same rate of interest; however, the Custodian has the right, but not an obligation, to reduce (rebate) a portion of this fee to your IRA Xxxx XXX as to the balances in a specific bank’s bank account. The Program fee for administering the bank accounts can change from time to time without notice but cannot exceed the annualized rate of 4.00% without 30 days prior notice to you and in accordance with Section 19.4 hereof. The Program fee is deducted directly from any interest paid on each bank account in the Program, and the net amount is paid to your IRA Xxxx XXX monthly.

Appears in 1 contract

Samples: Traditional Individual Retirement Custodial Account Agreement

Deposit Management Program Fees. Other fees may be paid to us or our affiliates by third parties for assistance in performing certain transactions with respect to our Deposit Management Program (“Program”). Program fees are associated with cash management activities, such as account maintenance, depository bank selection, transaction processing, sub- accounting, record keeping, and any other services performed for the Program. Program fees for bank accounts maintained by the Custodian for all IRAs CESAs shall be deducted solely from interest earned on the uninvested Program cash prior to the crediting of such interest to the individual custodial accountCESA. For these services, the Custodian charges each bank account in the Program, a monthly fee at an annualized rate of up to 4.00% on the average assets maintained in the bank accounts, payable solely from interest earned on uninvested cash from the Program. The Program fees will be charged regardless of which bank accounts are being used by your IRAthis CESA. The Custodian has no obligation to ensure that all such bank accounts pay the same rate of interest; however, the Custodian has the right, but not an obligation, to reduce (rebate) a portion of this fee to your IRA this CESA as to the balances in a specific bank’s bank account. The Program fee for administering the bank accounts can change from time to time without notice notice, but cannot exceed the annualized rate of 4.00% without 30 days prior notice to you and in accordance with Section 19.4 hereof. The Program fee is deducted directly from any interest paid on each bank account in the Program, and the net amount is paid to your IRA this CESA monthly.

Appears in 1 contract

Samples: Coverdell Education Savings Account Custodial Account Agreement

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