Interest Disclosures Sample Clauses

Interest Disclosures. The interest rate and annual percentage yield on your Account is variable. This interest rate and annual percentage yield may change from time to time. The interest rate on your Account is based on 75% of the midpoint of the federal funds rate target range1 as established by the Federal Open Market Committee of the Federal Reserve. You can access the current interest rate applicable to your Account through the Online Banking Services or by contacting us as specified in Section 1.1 above. Interest on your Account will be compounded and credited on a monthly basis. If you close your Account, you will receive any interest that has accrued as of the date your Account is closed. We use the daily balance method to calculate the interest on your Account. This method applies a daily periodic rate equal to 1/365 of the interest rate to the collected balance in the Account each day. Interest will begin to accrue no later than the next business day following the banking day on which the funds were deposited.

Interest Disclosures. The interest rate on your account is 1.76% with an annual percentage yield of 1.77%. Your interest rate and annual percentage yield may change. The interest rate on your account is variable and equal to 40% of the upper bound of the federal funds rate target range as established by the Federal Open Market Committee of the Federal Reserve minus a margin of 0.1%. In other words, we calculate the interest rate on your Account by taking the upper bound of the federal funds rate target range, subtracting 0.1%, and then multiplying the result by 0.4. Interest on your account will be compounded and credited on a monthly basis. If you close your Account, you will receive any interest that has accrued as of the date your Account is closed. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate equal to 1/365 of the Interest Rate to the collected balance in the account each day. Interest will begin to accrue no later than the next business day following the banking day on which the funds were deposited.

Interest Disclosures. With regard to any information or opinions exchanged pursuant to this Agreement by the Parties (or their Affiliates) regarding intellectual property owned by Third Parties, the Parties agree that they have a common legal interest in coordinating Prosecution and Maintenance of their respective Patent Rights, as set forth in this Article 8, and in determining whether, and to what extent, Third Party intellectual property rights may affect the conduct of the Development, Manufacturing or Commercialization of the Licensed Products, and have a further common legal interest in defending against any actual or prospective Third Party claims based on allegations of misuse or infringement of intellectual property rights relating to the Development, Manufacturing or Commercialization of the Licensed Products. Accordingly, ▇▇▇▇▇ and Passage agree that all such information and materials obtained by Gemma or Passage from each other will be used solely for purposes of the Parties’ common legal interests with respect to the conduct of this Agreement. All information and materials will be treated as protected by the attorney-client privilege, the work product privilege and any other privilege or immunity that may otherwise be applicable. By sharing any such information and materials, neither Party intends to waive or limit any privilege or immunity that may apply to the shared information and materials. Neither Party shall have the authority to waive any privilege or immunity on behalf of the other Party without such other Party’s prior written consent, nor shall the waiver of privilege or immunity resulting from the conduct of one Party be deemed to apply against the other Party.

Interest Disclosures. Your Account may be interest-bearing. Please refer to the “Interest Disclosures” section of the Disclosures for the interest rate disclosures applicable to your Account.

Interest Disclosures. The interest rate on the Banking and Banking Select tiers is 1.86% with an annual percentage yield of 1.88%. Your interest rate and annual percentage yield may change. The interest rate on Banking and Banking Select tiers is variable and equal to 40% of the upper bound of the federal funds rate target range as established by the Federal Open Market Committee of the Federal Reserve minus a margin of 0.1%. In other words, we calculate the interest rate on your Banking and Banking Select tiers by taking the upper bound of the federal funds rate target range, subtracting 0.1%, and then multiplying the result by 0.4. The interest rate on the Growth tier is 4.25% with an annual percentage yield of 4.33%. Your interest rate and annual percentage rate may change. The interest rate on the Scale tier is 4.50% with an annual percentage yield of 4.59%. Your interest rate and annual percentage rate may change. Interest on all tiers will be compounded and credited on a monthly basis. If you close your Account, you will receive any interest that has accrued as of the date your Account is closed. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate equal to 1/365 of the Interest Rate to the collected balance in the account each day. Interest will begin to accrue no later than the next business day following the banking day on which the funds were deposited.

Interest Disclosures. The interest rate on your Sequin Rewards Checking – New User Account and Sequin Rewards Checking Account is variable and will initially be equal to 1.00% with an annual percentage yield of 1.01%. This interest rate and annual percentage yield may change from time to time as determined by the midpoint of the Federal Reserve funds rate, minus a margin of 180 bps, multiplied by .28. You can access the current interest rate applicable to your Account through the Online Banking Services or by contacting us as specified above. The interest rate on your Sequin High-Yield Checking – New User Account and Sequin High-Yield Checking Account, is variable and will initially be equal to 3.50% with an annual percentage yield of 3.56%. This interest rate and annual percentage yield may change from time to time as determined by the midpoint of the Federal Reserve funds rate, minus a margin of 180 bps, multiplied by .98. You can access the current interest rate applicable to your Account through the Online Banking Services or by contacting us as specified above. Interest on your Account will be compounded and credited on a monthly basis. If you close your Account, you will receive any interest that has accrued as of the date your Account is closed. We use the daily balance method to calculate the interest on your Account. This method applies a daily periodic rate equal to 1/365 of the interest rate to the collected balance in the account each day. Interest will begin to accrue no later than the next business day following the banking day on which the funds were deposited.

Interest Disclosures. The Regular, Default, VIP, VIP2, and High-Limit ATM Withdrawal Accounts are not interest-bearing. No interest will be paid on the Regular, Default, VIP, VIP2, and High-Limit ATM Withdrawal Accounts. The interest rate on your Interest and Interest Max Accounts is variable. This interest rate and annual percentage yield may change at any time. The interest rate on your Interest Account is based on the midpoint of the federal funds rate target range, as established by the Federal Open Market Committee of the Federal Reserve, minus a margin of 20 bps and multiplied by .23. You can access the current interest rate applicable to your Interest Account through the Online Banking Services or by contacting us as specified above. The interest rate on your Interest Max Account is based on the midpoint of the federal funds rate target range, as established by the Federal Open Market Committee of the Federal Reserve, minus a margin of 20 bps and multiplied by .53. You can access the current interest rate applicable to your Interest Max Account through the Online Banking Services or by contacting us as specified above.

Interest Disclosures. The interest rate on the Banking and Banking Select tiers is variable and will initially be equal to 1.86% with an annual percentage yield of 1.88%. Your interest rate and annual percentage yield may change from time to time. The interest rate on your Banking and Banking Select Tiers is based on 68% of the midpoint of the federal funds rate target range as established by the Federal Open Market Committee of the Federal Reserve, multiplied by .51. You can access the current interest rate applicable to your Account through the Online Banking Services or by contacting us as specified above. The interest rate on the Growth and Scale tier is variable and will initially be equal to 3.29% with an annual percentage yield of 3.34%. Your interest rate and annual percentage yield may change from time to time. The interest rate on your Growth tier is based on the 68% of the midpoint of the federal funds rate target range as established by the Federal Open Market Committee of the Federal Reserve, multiplied by .90. You can access the current interest rate applicable to your Account through the Online Banking Services or by contacting us as specified above. Interest on all tiers will be compounded and credited on a monthly basis. If you close your Account, you will receive any interest that has accrued as of the date your Account is closed. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate equal to 1/365 of the Interest Rate to the collected balance in the account each day. Interest will begin to accrue no later than the next business day following the banking day on which the funds were deposited.

Interest Disclosures. The Standard Checking Account is not interest-bearing. No interest will be paid on your Standard Checking Account. The interest rate on your Protected Envelope Account is variable and will initially be equal to 3.76% with an annual percentage yield of 3.83%. This interest rate and annual percentage yield may change from time to time. The interest rate on your Protected Envelope Account is based on the midpoint of the federal funds rate target range1 as established by the Federal Open Market Committee of the Federal Reserve, multiplied by .70. You can access the current interest rate applicable to your Protected Envelope Account through the Online Banking Services or by contacting us as specified above. Interest on your Protected Envelope Account will be compounded and credited on a monthly basis. If you close your Protected Envelope Account, you will receive any interest that has accrued as of the date your Protected Envelope Account is closed. 1 The federal funds rate target range is published on ▇▇▇.▇▇▇.▇▇▇/▇▇▇▇▇▇-▇▇▇▇/▇▇▇▇▇/▇▇▇▇▇▇▇▇▇▇ as the Federal Funds - Target Rate. We use the daily balance method to calculate the interest on your Protected Envelope Account. This method applies a daily periodic rate equal to 1/365 of the interest rate to the collected balance in the Protected Envelope Account each day. Interest will begin to accrue no later than the next business day following the banking day on which the funds were deposited.