Common use of Interest on Your Funds Clause in Contracts

Interest on Your Funds. Except as noted below, interest-bearing accounts earn interest on the daily collected balance. Except as stated below for fixed rate and adjustable rate certificates of deposit, interest-bearing accounts earn interest at a variable interest rate and annual percentage yield set by FSB from time to time. In its discretion and at any time, FSB may change the basis for payment of interest or the annual percentage yield, or may discontinue the payment of interest. FSB may set maximum account balances upon which interest will be paid, and set minimum account daily balances or average daily balances below which FSB will not pay interest. When you convert your account to another type of account or if your account is closed, any accrued interest will be posted to your account or included in your closing balance.

Interest on Your Funds. Except as noted below, interest-bearing accounts earn interest on the daily collected balance. Except as stated below for fixed fixed rate and adjustable rate certificates certificates of deposit, interest-bearing accounts earn interest at a variable interest rate and annual percentage yield set by FSB from time to time. In its discretion and at any time, FSB may change the basis for payment of interest or the annual percentage yield, or may discontinue the payment of interest. FSB may set maximum account balances upon which interest will be paid, and set minimum account daily balances or average daily balances below which FSB will not pay interest. When you convert your account to another type of account or if your account is closed, any accrued interest will be posted to your account or included in your closing balance.