Effect of closing account. The closure of the account causes the automatic termination of all service agreements associated with the account. In addition, the closure of the current account causes the closure of the savings accounts attached to it. In case of closure of a collective account, it is up to the co- holders to decide on the allocation of the possible credit balance of the account.
Effect of closing account. If you close your Account before interest is credited, you will not receive the accrued interest.
Effect of closing account. If you close your Account before interest is credited, you will not receive the accrued interest. Minimum Balance Requirements. There are no minimum balance requirements to open this Account, avoid fees or to obtain the disclosed APY. Balance Computation Method. We use the daily balance method to calculate interest on your Account. This method applies a daily periodic rate to every end-of-day balance in your Account for the period. The daily rate is calculated by using an actual/365-day count convention. The end-of-day balance is calculated by adding the principal and accrued interest.
