Common use of Interest Disclosures Clause in Contracts

Interest Disclosures. The interest rate on your Account is variable and may change based on the Federal Funds Rate. The interest rate on your Account is based on 80% of the midpoint of the federal funds rate target range as established by the Federal Open Market Committee of the Federal Reserve, multiplied by .20. 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 interest rate on your 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 based on the Federal Funds Rate. The interest rate on your Account is based on 80from time to time as determined by 98% of the midpoint of the federal Federal Reserve funds rate target range as established by the Federal Open Market Committee of the Federal Reserverate, multiplied by .20minus 180 bps. 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 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 and annual percentage yield on your Account account is variable and may change based on the Federal Funds Ratefrom time to time. The interest rate on your Account is based on 8075% of the midpoint of the federal funds rate target range range1 as established by the Federal Open Market Committee of the Federal Reserve, multiplied by .20.55. 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 Accountaccount. This method applies a daily periodic rate equal to 1/365 of the interest rate to the collected balance in the Account 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 variable and will initially be equal to 3.01% with an annual percentage yield of 3.06%. This interest rate and annual percentage yield may change based on the Federal Funds Rate. The interest rate on your Account is based on 80from time to time as determined by 98% of the midpoint of the federal Federal Reserve funds rate target range as established by the Federal Open Market Committee of the Federal Reserverate, multiplied by .20minus 180 bps. 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 account each day. Interest will begin to accrue no later than the t he next business day following the banking day on which the funds were deposited.