Earnings Credit. Each month, the Service calculates the monthly average collected account balance net of deposit float and reserves (“investable balance”). Investable balances are then multiplied by the Bank’s Earnings Credit Rate (“Rate”) to determine your Earnings Credit, which is the credit that can offset all or part of your monthly fees and charges. The Rate is determined by the Bank, and is set each month based on market conditions, account balances, account services and market segment. You agree that this Rate is subject to change without prior notice to you. The Bank’s current Rate may be obtained by contacting us. Your Earnings Credit applies only to the current statement period. It does not accrue beyond the statement period, and any excess Earnings Credit is not credited to your account.
Appears in 4 contracts
Samples: Global Transaction Services Master Agreement, Master Agreement, Global Transaction Services Master Agreement
