Common use of When Interest Begins To Accrue On Deposited Checks Clause in Contracts

When Interest Begins To Accrue On Deposited Checks. Interest begins to accrue on a noncash deposit made to a savings account on the business day the deposit is considered to have been made (see our Ability to Withdraw Funds Disclosure for the definition of the term “business day” and an explanation of when a deposit is not considered made on the day you deliver checks to us).

When Interest Begins To Accrue On Deposited Checks. Interest begins to accrue on a noncash deposit made to a savings account on the business day the deposit is considered to have been made (see our Ability to Withdraw Funds Disclosure Availability Policy for the definition of the term “business day” and an explanation of when a deposit is not considered made on the day you deliver checks to us).