Interest on credit balances. 2.9.1. In respect of interest on Fixed Term Deposit Accounts or Notice Accounts please see terms 2.13 and 2.14 which apply in addition and take precedence over this term 2.9.
Interest on credit balances. 6.1 We will calculate credit interest daily and pay interest monthly.
Interest on credit balances. Interest will be paid on credit balances on Deposit Accounts with the Company only (and not for credit balances on accounts with the Company’s banking correspondents in other countries) at such rates (if any) and at such times as the Company may from time to time determine.
Interest on credit balances. For credit balances to the Standby Facility credit interest will be paid by the Standby Lender after specific agreement with the Borrowers. Such credit interest will be computed in accordance with an interest rate and upon terms from time to applicable to accounts of this type with the Standby Lender. Accrued credit interest will be paid by the Standby Lender by crediting the account subject to the Standby Lender's obligation, if any, to make withholdings for Taxes so that the Borrowers shall not be entitled to set off against any amount payable to the Standby Lender, the Banks, the Agent, the Security Agent, the Issuing Banks or the Co-Arrangers any amount due to the Borrowers under this Clause 7.13.
Interest on credit balances. 2.9.1. In respect of interest on Fixed Term Deposit Accounts or Notice Accounts please see terms 2.13 and 2.14 which apply in addition and take precedence over this term 2.9.
2.9.2. Interest (if any) on cleared credit balances on your Accounts will be payable in accordance with our Interest Rate Schedule, or otherwise as agreed in writing, provided such credit balances are above the minimum balance required to earn interest.
2.9.3. Interest rates may be applied in bands, and in such cases the rate offered will be dependent on the size of cleared funds in your Accounts. In addition, we may agree certain special or fixed deposit arrangements with you for which individually negotiated interest rates will apply. Details of the standard interest rates and bands, including how and when such interest is applied, are included in the Interest Rate Schedule which is available on the Website, from your Private Banker, at any of our branches or on request.
2.9.4. Interest is normally calculated daily and credited to your Account on the last day of each calendar month. Interest is normally paid gross, unless there are circumstances in which we are required to pay net interest. We are obliged to notify HMRC annually of all interest paid, unless specifically exempted from doing so.
2.9.5. If the applicable interest rate on your Account goes below zero, we may charge you interest on the credit balance on your Account. Should we decide to charge such interest on your Account, we will notify you in accordance with these Terms.
2.9.6. Any additional terms and conditions which may apply to a particular Account, including as to interest are detailed in the Interest Rate Schedule, or otherwise will be notified to you by us before you open the interest-bearing Account.
Interest on credit balances. To the extent CIT is holding any credit balances in its account for the Borrowers, interest shall be credited to the Borrowers as of the last day of each month based on the daily credit balances in such account for that month at a rate equal to two and three-quarters percent (2.75%) per annum below the Chase Bank Rate then in effect. Any change in the rate of interest hereunder due to a change in the Chase Bank Rate will take effect as of the first day of the month following such change in the Chase Bank Rate.
Interest on credit balances. Where a negative interest rate applies to any currency, the Broker has the right to impose negative interest on credit balances on the Account(s) that are denominated in such currency. Where such interest becomes payable by the Client to the Broker, the Broker is entitled to debit any of the Accounts for the purpose of settling such negative interest, irrespective of whether there are sufficient available funds, overdraft or other facilities in the said Account(s). If any debit causes the relevant Account(s) to be overdrawn, the Client is liable to repay the outstanding amount to the Broker on demand together with any fees, expenses and interest accruing on the outstanding amount at such rate as the Broker may specify.
