Common use of Fixed Rate Information Clause in Contracts

Fixed Rate Information. The dividend rate and annual percentage yield (“APY”) on your certificate account is set forth in the “Rate Addendum and Schedule of Fees and Charges.” The dividend rate and APY are fixed and will be in effect for the term of the account. The APY is based on the assumption that dividends will remain on deposit until maturity. A withdrawal of dividends will reduce earnings. 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 Compounding and Crediting. The compounding and crediting frequency of dividends and dividend period applicable to each account are stated in the “Rate Addendum and Schedule of Fees and Charges.” Dividends will be added to the principal unless otherwise requested by you in writing.

Fixed Rate Information. The dividend rate and annual percentage yield (“APY”) on your certificate account is set forth in the “Rate Addendum and Schedule of Fees and Charges.” . The dividend rate and APY are fixed and will be in effect for the term of the account. The APY is based on the assumption that dividends will remain on deposit until maturity. A withdrawal of dividends will reduce earnings. 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 Compounding and Crediting. The compounding and crediting frequency of dividends and dividend period applicable to each account are stated in the “Rate Addendum and Schedule of Fees and Charges.” . Dividends will be added to the principal unless otherwise requested by you in writing.