Balance Computation Method. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the balance in the account each day. Compounding and Crediting: Interest is compounded daily and calculated on a 365/366 day basis. Interest is credited on a monthly basis. If your account is closed before interest is credited, your accrued uncredited interest will be forfeited. If your account is at zero at the end of your statement cycle, we reserve the right to close your account, in which case your accrued uncredited interest for that cycle will be forfeited.

Balance Computation Method. We use the daily balance method to calculate interest on your Savings Account. This method applies a daily periodic rate to the principal in your Savings Account each day.

Examples of Balance Computation Method in a sentence

Daily Balance Computation Method- Dividends are calculated by the daily balance method, which applies a daily periodic rate to the balance in the account each day.
Daily Balance Computation Method - Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
The minimum balance requirements applicable to each account are stated in the “Rate Addendum and Schedule of Fees and Charges.” Balance Computation Method.
Daily Balance Computation Method: Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
Balance Computation Method The “daily balance method” is used to calculate dividends on your accounts.

More Definitions of Balance Computation Method

Balance Computation Method. Dividends are calculated by the daily balance method, which applies a daily periodic rate to the balance in the account each day. Accrual of Dividends on Noncash Deposits: Dividends will begin to accrue on the business day you deposit noncash items (e.g. checks) to your account. SAVINGS ACCOUNTS Spartan Saver Rate Information: The dividend rate and annual percentage yield may change at any time, as determined by MSUFCU’s board of directors. If you close your account prior to payment of a dividend, you will not receive any accrued dividends.

Balance Computation Method. Average Daily Balance (including new purchases) Required Insurance, Debt Cancellation or Debt Suspension Coverage: None

Balance Computation Method. Interest is calculated by the daily balance method, which applies a daily periodic rate to the balance in the account each day. Accrual of Interest: Interest will begin to accrue on non-cash deposits (e.g. checks) on the business day you make the deposit to your account.

Balance Computation Method. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the balance in the account each day. Compounding and Crediting: Interest is compounded daily and calculated on a 365/366 day basis. Interest is credited on a monthly basis. Right to require advance notice of withdrawals: For all savings accounts and all interest-bearing checking accounts, we reserve the right to require seven days’ prior written notice of withdrawal. Although we usually pay withdrawals or checks without prior notice on these accounts, doing so does not mean that we give up that right.

Balance Computation Method. Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.

Balance Computation Method. Average Daily Balance (including new purchases) Required Insurance, Debt Cancellation or Debt Suspension Coverage: None How We Will Calculate Your Balance: We use a method called “average daily balance (including new purchases)”. Billing Rights: Information on your rights to dispute transactions and how to exercise those rights is provided in this Cardholder Agreement.

Balance Computation Method. Dividends are calculated by the daily balance method, which applies a daily periodic rate to the balance in the account each day. Minimum Balance Requirement: There is no minimum balance required to open this account. Accrual of Dividends: Dividends will begin to accrue on the business day you deposit cash or non-cash items (e.g., checks) to your account. Transaction Limitations: The maximum automated teller machine withdrawal allowed per day is $500.00. This withdrawal limitation applies to this account in combination with savings account(s).