Frequency of Rate Changes. We may change the interest rate on your Deposit Account at any time. • Limitations on Rate Changes – There are no maximum or minimum interest rate limits. • Tiered Interest Rate – Interest is paid on the amount of funds within each defined tier, creating a blended interest rate for the entire balance COMPOUNDING AND CREDITING – Interest will remain on deposit. A withdrawal will reduce earnings. If you close your Account before interest is credited, you will not receive the accrued interest. Please see the interest accrual and compounding methods below. Type of Account Interest Crediting Interest Compounding HSA Checking Monthly Daily BALANCE COMPUTATION METHOD – We use the daily balance method to calculate the interest on your Deposit Account. This method applies a daily periodic rate to the ledger balance of your Deposit Account.
Appears in 4 contracts
Samples: Avidia Bank Disclosures, Hsa Custodial Agreement, Hsa Custodial Agreement
