Interest Rate Disclosures Sample Clauses

Interest Rate Disclosures. Each interest earning Account will earn interest at a variable rate. We may change the variable rate for any Account at any time in our sole discretion without limit and prior notice to you. Interest rate (s) may also change automatically based on changes in your Account activity or other criteria as described in the SoFi Bank Rate Sheet. Interest rate changes and any fees charged will change the annual percentage yield(s) earned. The current interest rate (s) offered for eligible SoFi Bank Accounts are available on the SoFi Bank Rate Sheet and will be posted to your Account. Your continued use of your SoFi Bank Account after we post changes to the interest rate(s), shall constitute your consent to any such changes. Unless otherwise stated on the SoFi Bank Rate Sheet, amounts on deposit will accrue interest daily based on your end‐of‐day balance in the Account. Interest earned will be compounded monthly. You agree that each month, the interest payable to you shall accumulate and be credited to your Account by SoFi Bank rather than be paid to you in cash. Cash deposits begin accruing interest the same Business Day a deposit is credited to your Account. If you deposit an item such as a mobile check, interest begins accruing on the Business Day we receive credit for the item. We use the “daily balance method” to calculate interest on your Account. The daily balance method applies a “daily periodic rate” to the collected balance in your Account each day. The daily periodic rate is equal to 1/365 (or in a leap year we may use 1/366) times the interest rate for your Account as set forth in the SoFi Bank Rate Sheet. For each Account, the interest rates, APYs and other required disclosures under the Truth in Savings Act and its implementing Regulation DD are found in the SoFi Bank Rate Sheet xxxx://xxx.xxxx.xxx/legal/banking-rate-sheet. For certain Accounts the applicable interest rate may vary depending on daily balances maintained in your Account(s) (tiered-rate accounts), or the applicable interest rate may change at different times (stepped rate accounts). For tiered accounts, we may pay the same interest rate on more than one tier or pay one tier a higher or lower rate than we pay another tier with a higher or lower balance requirement. In each case, applicable tiers, operative time periods and corresponding interest rates and APYs will be disclosed on the SoFi Bank Rate Sheet. In the event you receive interest on any deposit which did not clear, or which is ...
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Related to Interest Rate Disclosures

  • Mandatory Disclosures In accordance with 2 CFR Part II, §200.113, Party must disclose, in a timely manner, in writing to the State, all violations of Federal criminal law involving fraud, bribery, or gratuity violations potentially affecting the Federal award. Failure to make required disclosures may result in the imposition of sanctions which may include disallowance of costs incurred, withholding of payments, termination of the Agreement, suspension/debarment, etc.

  • Required Disclosures If Dell is required by a government body or court of law to disclose any Customer Content, Dell will provide You with notice and a copy of the demand as soon as practicable, unless prohibited by applicable law. Dell will take reasonable steps at Your expense to contest any required disclosure if requested by You.

  • Confidential Information Defined For the purposes of this ARR Agreement, “Confidential Information” means nonpublic proprietary information of a Party (the “Disclosing Party”) that is disclosed to another Party (each such Party, a “Receiving Party”), including but not limited to: (i) business or technical processes, formulae, source codes, object code, product designs, sales, cost and other unpublished financial information, customer information, product and business plans, projections, marketing data or strategies, trade secrets, intellectual property rights, know-how, expertise, methods and procedures for operation, information about employees, customer names, business or technical proposals, and any other information which is or should reasonably be understood to be confidential or proprietary to the Disclosing Party; and (ii) PII (as defined in Section 7.03 of this ARR Agreement). The foregoing definition of Confidential Information applies to: (i) all such information, whether tangible or intangible and regardless of the medium in which it is stored or presented; and (ii) all copies of such information, as well as all memoranda, notes, summaries, analyses, computer records, and other materials prepared by the Receiving Party or any of its employees, agents, advisors, directors, officers, and subcontractors (collectively “Representatives”) that contain or reflect the Confidential Information.

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