Dividend Period. For this account, 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 of such dividend period is January 31. All other dividend periods follow this same pattern of dates unless noted otherwise. Dividends are paid at the end of the period from current income and available earnings after required transfers to reserves.
Dividend Period. For each account the dividend period is the account’s term. The dividend period begins on the first day of the term and ends on the maturity date.
Dividend Period. The Dividend Period begins on the first calendar day of the period and ends on the last calendar day of the period. For each account, the dividend period is stated in the Rate Addendum.
Dividend Period. For this account type, 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 of such dividend period is January 31. All other dividend periods follow this same pattern of dates. The dividend is credited on the first day after the dividend period, and for the example above is February 1. There is no minimum balance requirement for this account. Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day. If the balance falls below $5.00 for the day your account will not earn a dividend.
Dividend Period. For this type of account, the dividend period is quarterly, for example, the beginning date of the first dividend period of the calendar year is January 1st and the ending date of such dividend period is March 31st. All other dividend periods follow this same pattern of dates. The dividend declaration date follows the ending date of a dividend period, and for the example above, is April 1st. If you close your account before dividends are paid, you will not receive the accrued dividends. The minimum balance required to open this account is $5.00 per member. The minimum balance required to earn dividends is $100.00.
Dividend Period. The Dividend Period begins on the first calendar day of the period and ends on the last calendar day of the period. For each account, the dividend period is stated in the “Rate Addendum and Schedule of Fees and Charges.” Accrual of Dividends. For all accounts, dividends will begin to accrue on cash and non-cash deposits (e.g. checks) on the business day you make the deposit to your account. If you close your account before accrued dividends are credited, accrued dividends may be paid. Compounding and Crediting. For all dividend-bearing Accounts, Dividends are compounded monthly. Dividends are credited to your account on the last day of the month. The dividend period, compounding frequency and the crediting frequency for all accounts are shown in the “Rate Addendum and Schedule of Fees and Charges.”
Dividend Period. For other savings accounts, the dividend period is quarterly. For example, the beginning date of the first dividend period of the calendar year is January 1 and the ending date of such dividend period is March 31. All other dividend periods follow this same pattern of dates unless noted otherwise. Dividends are paid at the end of the period from current income and available earnings after required transfers to reserves.
Dividend Period. You must maintain a minimum daily balance of $500.00 in your account to earn dividends on your account. For this account, 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 of such dividend period is January 31. All other dividend periods follow this same pattern of dates unless noted otherwise. Dividends are paid at the end of the period from current income and available earnings after required transfers to reserves.
Dividend Period. If a share of RP is tendered (or deemed tendered) and purchased in a Remarketing, the next Dividend Period for such share shall be the Dividend Period elected by the purchaser of such share in such Remarketing or the Special Dividend Period with respect to such share, as the case may be, at the Applicable Dividend Rate therefor, except that, if the Remarketing Agents are unable to remarket in such Remarketing all shares of RP tendered (or deemed tendered) to them at a price of $100,000 per share, no purchaser in such Remarketing shall be permitted to acquire shares having an Optional Dividend Period or a Special Dividend Period and the next Dividend Period for such a share shall be a 7-day Dividend Period and the Applicable Dividend Rate therefore shall be the applicable Maximum Dividend Rate.
Dividend Period. 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 of such dividend period is January 31. All other dividend periods follow this same pattern of dates. The dividend declaration date is the last day of the dividend period and for this example is January 31. If you close your checking account before dividends are paid, you will not receive the accrued dividends. Minimum Deposit Requirements. The minimum deposit suggested to open this account is $25.00. You must maintain a minimum average daily balance of $500.00 in your account to obtain the disclosed annual percentage yield. Average Daily Balance Computation Method. Dividends are calculated by the average daily balance method, which applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is the monthly statement cycle. Accrual of Dividends on Non-Cash Deposits. Dividends will begin to accrue on non-cash deposits (for example, checks) on the business day you make the deposit to your account. Transaction Limitations. No transaction limitations apply to this account, unless otherwise stated in this Truth-in-Savings Disclosures.
