Common use of Dividend Rate Information Clause in Contracts

Dividend Rate Information. The Dividend Rate and Annual Percentage Yield on your account is provided to you on an accompanying receipt at the time your Certificate/IRA Certificate account is opened. The Annual Percentage Yield (APY) is a percentage rate reflecting the total amount of dividends paid on an account, based on the Dividend Rate and the frequency of compounding. The APY is calculated by assuming that the funds, including the dividends, will remain in the account untouched for a full year.

Dividend Rate Information. The Dividend Rate and Annual Percentage Yield on your account is provided to you on an accounts are stated in the Rate Schedule and Fee Schedule accompanying receipt at the time your Certificate/IRA Certificate account is openedthis disclosure. The Annual Percentage Yield (APY) is a percentage rate reflecting the total amount of dividends paid on an account, based on the Dividend Rate and the frequency of compounding. The APY is calculated by assuming that the funds, including the dividends, will funds remain in the account untouched for a full year. A fee may lower the APY.