Common use of DIVIDEND COMPOUNDING AND CREDITING Clause in Contracts

DIVIDEND COMPOUNDING AND CREDITING. Dividends will be compounded monthly and credited on the first day of the following month and the dividend period is monthly. For example, the beginning date of the first dividend period of the calendar year is January 1 and the ending date is January 31. All other dividend periods follow this same pattern of dates. The dividend declaration date precedes the ending date of a dividend period and, for example, is the fourth Thursday of January. If you close your Money Market Account before dividends are paid, you will not receive the accrued dividends. If the daily balance is below $2,500 no dividends will be accrued. DAILY BALANCE COMPUTATION METHOD: Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the Account each day. TRANSACTION LIMITATIONS: No transaction limitations apply to your Money Market Account. APPLIES TO TIERED MONEY MARKET ACCOUNT ONLY: The Dividend Rates and

DIVIDEND COMPOUNDING AND CREDITING. Dividends will be compounded monthly and credited on the first day of the following month and the dividend period is monthly. For example, the beginning date of the first dividend period of the calendar year is January 1 and the ending date is January 31. All other dividend periods follow this same pattern of dates. The dividend declaration date precedes the ending date of a dividend period and, for example, is the fourth Thursday of January. If you close your Money Market Account before dividends are paid, you will not receive the accrued dividends. If the daily balance is below $2,500 no dividends will be accrued. DAILY BALANCE COMPUTATION METHOD: Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the Account each day. TRANSACTION LIMITATIONS: No transaction limitations apply to your Money Market Account. APPLIES TO TIERED MONEY MARKET ACCOUNT ONLY: The Dividend Rates and.

DIVIDEND COMPOUNDING AND CREDITING. Dividends will be compounded monthly and credited on the first last day of the following month and the dividend period is monthly. For example, the beginning date of the first dividend period of the calendar year is January 1 and the ending date is January 31. All other dividend periods follow this same pattern of dates. The dividend declaration date precedes the ending date of a dividend period and, for example, is the fourth Thursday of January. If you close your Money Market Account before dividends are paid, you will not receive the accrued dividends. If the daily balance is below $2,500 no dividends will be accrued. DAILY BALANCE COMPUTATION METHOD: Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the Account each day. TRANSACTION LIMITATIONS: No transaction limitations apply to your Money Market Account. APPLIES TO TIERED MONEY MARKET ACCOUNT ONLY: The Dividend Rates and