Interest Rates Paid on Deposit Balances Sample Clauses

Interest Rates Paid on Deposit Balances. You will not be paid interest on your Sub-Deposit Accounts. Your Account is not an interest-bearing account and you will not be paid interest or any other form of income on your funds held in any Account or Sub-Deposit Account.]
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Interest Rates Paid on Deposit Balances. Your Account is an interest bearing account, and you will accrue interest on the total of your balances in the Account and Sub-Deposit Accounts at the rate, and in accordance with the terms of, the subsection titled “Interest and Interest Rate.” No Program Bank pays interest to you on the balances in the Sub-Deposit Accounts. For the avoidance of doubt, Bank will pay interest to your Account based on the Account and Sub-Deposit Account balance you maintain, all in accordance with the subsection titled “Interest and Interest Rate. The existence of the Sub-Deposit Account will not change the manner in which you use, obtain information about or earn interest on your Account, except that Bank will consider your balances in the Sub-Deposit Account for purposes of calculating your Account balance and Account interest payments. The amount of fees or compensation received by Bank from a Program Bank does not affect the interest rate you receive on your Account, which will uniformly accrue across your Account and Sub-Deposit Account solely in accordance with this Agreement.
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Related to Interest Rates Paid on Deposit Balances

  • Credit Balance We will make a good faith effort to return to you any credit balance that has been on your Account longer than six consecutive Billing Cycles (or, at our discretion, for a shorter time period). You may also request a refund of a credit balance on your Account at any time. We may reduce the amount of any credit balance on your Account by applying the credit balance towards new fees and charges posted to your Account. We do not pay any interest on credit balances.

  • Interest on Deposit Liabilities The Assuming Institution agrees that, from and after Bank Closing, it will accrue and pay interest on Deposit liabilities assumed pursuant to Section 2.1 at a rate(s) it shall determine; provided, that for non-transaction Deposit liabilities such rate(s) shall not be less than the lowest rate offered by the Assuming Institution to its depositors for non-transaction deposit accounts. The Assuming Institution shall permit each depositor to withdraw, without penalty for early withdrawal, all or any portion of such depositor's Deposit, whether or not the Assuming Institution elects to pay interest in accordance with any deposit agreement formerly existing between the Failed Bank and such depositor; and further provided, that if such Deposit has been pledged to secure an obligation of the depositor or other party, any withdrawal thereof shall be subject to the terms of the agreement governing such pledge. The Assuming Institution shall give notice to such depositors as provided in Section 5.3 of the rate(s) of interest which it has determined to pay and of such withdrawal rights.

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