Interest Paid Sample Clauses
Interest Paid. If we become obligated under Article 4A to pay interest to you, you agree that the rate of interest to be paid shall be equal to the dividend rate, on a daily basis, applicable to the account at the Credit Union to which the funds transfer should have been made or from which the funds transfer was made.
Interest Paid. If your Account meets the eligibility criteria, if any, established by SoFi Securities to earn interest, you will earn interest on your Free Credit Balances placed into the SoFi Money Sweep Program at the applicable rate(s) set forth on the SoFi Money Rate Sheet. Free Credit Balances placed into the SoFi Money Sweep Program which are eligible to earn interest will begin accruing interest on the calendar day such funds are “posted” to your Account, which will be no later than the second Business Day after the deposit is made (and in some cases earlier depending on the timing and type of deposit made). For more information on the posting times for various deposit types, see the SoFi Money Funds Availability Policy. The current interest rate(s) offered for eligible SoFi Money Accounts are available on the SoFi Money Rate Sheet and will be posted to your Account. Free Credit Balances in the SoFi Money Sweep Program will accrue interest daily based on your end‐of‐day balance in the SoFi Money Sweep Program. Interest earned is compounded monthly. Accrued interest will be paid by the relevant Program Banks monthly, and SoFi Securities will credit your Account with your accrued interest as applicable on or before the fifth (5th) Business Day of the following calendar month. Interest rates under the SoFi Money Sweep Program are variable rates, which will be established from time to time by SoFi Securities, in its sole discretion. Such interest rates are subject to change at any time without prior notice to you, and interest rate(s) may change automatically based on changes in your Account activity as described in the SoFi Money Rate Sheet. Interest rate changes and any fees charged will change the annual percentage yield(s) earned on your Free Credit Balances placed in the SoFi Money Sweep Program. Interest rate changes will be posted on SoFi Money Rate Sheet and to your Account. They will also be visible on the SoFi Money home page within the web and mobile application. Your continued use of your SoFi Money Account after we post changes to the interest rate(s), shall constitute your consent to any such changes. The interest rates(s) under the SoFi Money Sweep Program may be lower than the interest rate(s) which may available from banks or other financial institutions. In no event can the interest rates(s) paid to you under the SoFi Money Sweep Program (or any promotional or other offered rate paid under the SoFi Money Sweep Program), exceed the rate of interest pa...