Common use of Rate Information Clause in Contracts

Rate Information. The annual percentage yield is a percentage rate that reflects the total amount of dividends to be paid on an account based on the dividend rate and frequency of compounding for an annual period. For all accounts, the dividend rate and annual percentage yield are fixed and will be in effect for the initial term of the account. For accounts subject to dividend compounding, the annual percentage yield is based on an assumption that dividends will remain on deposit until maturity. A withdrawal of dividends will reduce earnings.

Appears in 5 contracts

Samples: Membership and Account Agreement, Membership and Account Agreement, Membership and Account Agreement

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Rate Information. The annual percentage yield is a percentage rate that reflects the total amount of dividends to be paid on an account based on the dividend rate and frequency of compounding for an annual period. For all accounts, the The dividend rate and annual percentage yield are fixed and will be in effect for the initial term of the account. For accounts subject to dividend compounding, the annual percentage yield is based on an assumption that dividends will remain on deposit until maturity. A withdrawal of dividends will reduce earnings.

Appears in 2 contracts

Samples: Membership Account Agreement, Membership Account Agreement

Rate Information. The annual percentage yield Annual Percentage Yield is a percentage rate that reflects the total amount of dividends to be paid on an account based on the dividend rate and frequency of compounding for an annual period. For all accounts, the dividend rate and annual percentage yield are fixed and will be in effect for the initial term of the account. For accounts subject to dividend compounding, the annual percentage yield is based on an assumption that dividends will remain on deposit until maturity. A withdrawal of dividends will reduce earnings.

Appears in 2 contracts

Samples: Membership Agreement, Membership Agreement

Rate Information. The annual percentage yield is a percentage rate that reflects the total amount of dividends to be paid on an account based on the dividend rate and frequency of compounding for an annual period. For all Motion FCU Savings, Share Draft, Savings IRA and Club accounts, the dividend rate and annual percentage yield may change monthly as determined by the Credit Union. The dividend rates and annual percentage yields are fixed the rates and will be in effect for the initial term yields as of the account. For accounts subject to last dividend compounding, declaration date that is set forth in the annual percentage yield is based on an assumption that dividends will remain on deposit until maturity. A withdrawal of dividends will reduce earningsRate Schedule.

Appears in 2 contracts

Samples: Membership and Account Agreement, Membership and Account Agreement

Rate Information. The annual percentage yield is a percentage rate that reflects the total amount of dividends interest to be paid on an account based on the dividend interest rate and frequency of compounding for an annual period. For all accounts, certificate accounts the dividend rate and annual percentage yield are fixed and will be in effect for the initial term of the account. For accounts subject to dividend compounding, the The annual percentage yield is based on an assumption that dividends interest will remain on deposit until maturity. A withdrawal of dividends interest will reduce earnings.

Appears in 1 contract

Samples: Membership and Account Agreement

Rate Information. The annual percentage yield is a percentage rate that reflects the total amount of dividends to be paid on an account based on the dividend rate and frequency of compounding for an annual period. For all Basic Share Savings, Custom Savings and Interest Checking accounts, the dividend rate and annual percentage yield are fixed and will be in effect for may change at any time as determined by the initial term Credit Union’s Board of the accountDirectors. For accounts subject to dividend compounding, the annual percentage yield is based on an assumption that dividends will remain on deposit until maturity. A withdrawal of dividends will reduce earnings.Money Market and IRA

Appears in 1 contract

Samples: Membership and Account Agreement

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Rate Information. The annual percentage yield is a percentage rate that reflects the total amount of dividends to be paid on an account based on the dividend rate and frequency of compounding for an annual period. For all Certificate Share accounts, the dividend rate and annual percentage yield are fixed and will be in effect for the initial term of the account. During the first twelve (12) months of your 36 Month Step Up Certificate account, you may increase the rate one (1) time to the rate currently in effect for accounts of this type with the same term. The annual percentage yield for your account is set forth in the Rate Schedule. For accounts subject to dividend compounding, the annual percentage yield is based on an assumption that dividends will remain on deposit until maturity. A withdrawal of dividends will reduce earnings.

Appears in 1 contract

Samples: Membership Agreement

Rate Information. The annual percentage yield is a percentage rate that reflects the total amount of dividends to be paid on an account based on the dividend rate and frequency of compounding for an annual period. For all accountsShare Certificate Accounts, the dividend rate and annual percentage yield are fixed and will be in effect for the initial term of the account. For accounts subject to dividend compounding, the annual percentage yield is based on an assumption that dividends will remain on deposit until maturity. A withdrawal of dividends will reduce earnings.

Appears in 1 contract

Samples: Master Membership Account Agreement

Rate Information. The annual percentage yield is a percentage rate that reflects the total amount of dividends to be paid on an account based on the dividend rate and frequency of compounding for an annual period. For all accounts, the dividend rate and annual percentage yield are fixed and will be in effect for the initial term of the account. For accounts subject to dividend compounding, the annual percentage yield is based on an assumption that dividends will remain on deposit until maturity. A withdrawal of dividends will reduce earnings. Rates are subject to change at any time without notice.

Appears in 1 contract

Samples: Membership Account Agreement

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