Common use of Interest on Deposits Clause in Contracts

Interest on Deposits. The interest rate shall be determined at the time of deposit for the term from the deposit date to the day prior to the maturity date. Provided, however, that the interest rate in case of renewing the Time Deposit after the maturity date shall be the interest rate specified by the Bank on the Renewal Date.

Interest on Deposits. The interest rate shall applicable to the Time Deposit, which will be determined at the time of deposit for the term applied from the deposit date to through the day prior to date immediately preceding the maturity date. Provided, however, that the interest rate in case of renewing the Time Deposit after the maturity date shall be the interest rate specified stipulated by the Bank, which is displayed at the Bank’s domestic branches and on the Bank’s website on the deposit date. The interest rate applicable to the renewed Time Deposit will be the interest rate displayed by the Bank on the Renewal Date.