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 check, interest begins accruing on the Business Day we receive credit for the item. Most deposits will be posted by the second Business Day after the deposit is made (and in some cases earlier depending on the timing and type of deposit made). • 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 tiers 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 c...
Sample 1
AutoNDA by SimpleDocs

Related to Interest Rate Disclosures

  • Interest Rates (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the Base Rate for such day. Such interest shall be payable for each Interest Period on the last day thereof. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans for such day.

  • Interest Rate Limitation Notwithstanding anything to the contrary contained in any Loan Document, the interest paid or agreed to be paid under the Loan Documents shall not exceed the maximum rate of non-usurious interest permitted by applicable Law (the “Maximum Rate”). If the Administrative Agent or any Lender shall receive interest in an amount that exceeds the Maximum Rate, the excess interest shall be applied to the principal of the Loans or, if it exceeds such unpaid principal, refunded to the Borrower. In determining whether the interest contracted for, charged, or received by the Administrative Agent or a Lender exceeds the Maximum Rate, such Person may, to the extent permitted by applicable Law, (a) characterize any payment that is not principal as an expense, fee, or premium rather than interest, (b) exclude voluntary prepayments and the effects thereof, and (c) amortize, prorate, allocate, and spread in equal or unequal parts the total amount of interest throughout the contemplated term of the Obligations hereunder.

  • Interest Rate The LHIN may charge the HSP interest on any amount owing by the HSP at the then current interest rate charged by the Province of Ontario on accounts receivable.

  • Rate Changes Pricing is fixed for the base term of the Agreement. Thereafter, Firm may request an increase to hourly rates to account for changes in the market prices for legal services. Any increase is subject to Citizens’ approval at Citizens’ sole discretion, and must be evidenced by a formal amendment to this Agreement. Price adjustments shall not be applied retroactively. Alternative fee arrangements must be pre-approved by Citizens in writing.

  • Alternate Rate of Interest If prior to the commencement of any Interest Period for a Eurodollar Borrowing:

Time is Money Join Law Insider Premium to draft better contracts faster.