Common use of Nature of Dividends Clause in Contracts

Nature of Dividends. Dividends are paid from current income and available earnings, after required transfers to reserves, at the end of a dividend period. Withdrawal of Dividends Prior to Maturity. For all Certificate Account types, the Annual Percentage Yield assumes that dividends remains on deposit until maturity. A withdrawal will reduce earnings.

Appears in 3 contracts

Samples: Agreements and Disclosures, Agreements and Disclosures, Agreements and Disclosures

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Nature of Dividends. Dividends All dividends are paid from current income and available earnings, after required transfers to reserves, reserves at the end of a dividend period. Withdrawal of Dividends Prior to Maturity. For all Certificate Account typesterm share certificates, the Annual Percentage Yield assumes that dividends remains remain on deposit until maturity. A withdrawal will reduce earnings. Compounding and Crediting. For all dividend-bearing Accounts, dividends will be earned daily for each day on which Your balance exceeds the minimum balance requirement for Your Account.

Appears in 2 contracts

Samples: Arbitration Provision, Arbitration Provision

Nature of Dividends. Dividends are paid from current income and available earnings, after required transfers to reserves, reserves at the end of a dividend period. Withdrawal of Dividends Prior to Maturity. For all Certificate Account typescertificate Accounts, the Annual Percentage Yield assumes that dividends interest remains on deposit until maturity. A withdrawal will reduce earnings.

Appears in 1 contract

Samples: Agreements and Disclosures

Nature of Dividends. Dividends are paid from current income and available earnings, after required transfers to reserves, reserves at the end of a dividend period. Withdrawal Withdrawals of Dividends Prior to Maturity. For all Share Certificate Account typesAccounts, the Annual Percentage percentage Yield assumes that dividends interest remains on deposit until maturity. A withdrawal will reduce earnings.

Appears in 1 contract

Samples: Account Agreements and Disclosures

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Nature of Dividends. Dividends are paid from current income and available earnings, after required transfers to reserves, reserves at the end of a dividend period. Withdrawal of Dividends Interest Prior to Maturity. For all Certificate Account typesof Deposit and IRA Certificate of Deposit Accounts, the Annual Percentage Yield assumes that dividends interest remains on deposit until maturity. A withdrawal will reduce earnings.

Appears in 1 contract

Samples: Agreements and Disclosures

Nature of Dividends. Dividends are paid from current income and available earnings, after required transfers to reserves, reserves at the end of a dividend period. Withdrawal of Dividends Prior to Maturity. For all Certificate Account typesAccounts, the Annual Percentage Yield assumes that dividends remains Dividends remain on deposit until maturity. A withdrawal will reduce earnings.

Appears in 1 contract

Samples: Membership Agreement

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