Balance Method definition
Examples of Balance Method in a sentence
The Daily Balance Method applies a daily periodic rate to the balance in the account each day.
The Average Daily Balance Method applies a periodic rate to the average daily balance in the account for the period.
We use the Daily Balance Method to calculate dividends on your account.
We use the Daily Balance Method to calculate the interest on your account.
We use the Daily Balance Method to calculate interest earns in your Account.
For accounts using the Average Daily Balance Method, dividends are calculated by applying a periodic rate to the Average Daily Balance in the account for the dividend period.
Dividends are calculated by the Daily Available Balance Method that applies a daily periodic rate to the principal balance in the account at the end of each day.
The Average Daily Balance Method is the application of a periodic rate to the average daily balance in the account for the period.
We use the Average Daily Balance Method to calculate the dividends on Your account.
Except for No Interest balances, we will use the same method to calculate interest as described above in How We Calculate Interest—Average Daily Balance Method (Including New Purchases).