Common use of Minimum Balance to Earn Dividends Clause in Contracts

Minimum Balance to Earn Dividends. For certain share accounts, We may require a minimum balance to earn dividends. The amounts of these minimum balances are described in the Schedule of Dividends. We use the Average Daily Balance method to determine if the minimum balance requirement has been met. Certain accounts may have step-rate or tiered rate features; see our Schedule of Dividends.

Minimum Balance to Earn Dividends. For certain share accounts, We we may require a minimum balance to earn dividends. The amounts of these minimum balances are described in the Schedule of Dividends. We use the Average Daily Balance daily balance method to determine if the minimum balance requirement has been met. Certain accounts may have step-rate or tiered rate features; , see our Schedule of Dividends.