Interest Rate Guarantee definition

Interest Rate Guarantee. With this feature, when the rates change, customers who request for renewal of their HiSAVE Fixed Rate account in the period between 45 to 2 working days prior to maturity will be protected by being offered at least the rate applicable on the date of renewal or on the date of maturity, whichever is higher. All customers who have chosen to automatically renew their HiSAVE Fixed Rate Account upon maturity will also be protected by being offered at least the rate applicable on the 45th day prior to maturity or on the date of maturity, whichever is higher. This means you will get the benefit of the higher rate in case the rates go up or down in the period between 45 and 2 working days before maturity.
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Interest Rate Guarantee means the Interest Rate Guarantee set out under the heading Interest in these Terms and Conditions.
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Interest Rate Guarantee means the interest rate guarantee which applies to the Account as described in Condition 34 of the General Conditions.
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Examples of Interest Rate Guarantee in a sentence

  • A Certificate Owner may annually transfer at the end of an Interest Rate Guarantee Period, a minimum of 10% of the funds held on his behalf with a maturing interest rate guarantee from the Certificate Owner's Fixed Certificate Account to the Variable Certificate Account without penalty or adjustment.

  • At the end of an Interest Rate Guarantee Period, a new interest rate is declared with an Interest Rate Guarantee Period starting at the end of the prior period and ending at the end of the calendar quarter one-year later.

  • At the end of an Interest Rate Guarantee Period, a new interest rate is declared with an Interest Rate Guarantee Period starting at the end of the prior period and ending at the end of the calendar quarter one year later.

  • Transfers from the Fixed Certificate Account must be made within 45 days after the expiration date of the Interest Rate Guarantee Period.

  • The Interest rate declared is guaranteed not to change for the duration of the Interest Rate Guarantee Period.

  • That interest rate is guaranteed for the period of time listed as “Initial Interest Rate Guarantee Period” under the FIXED ACCOUNT provision on the schedule of allocation options.

  • Transfers from the Fixed Certificate Account must be made within [45] days after the expiration date of the Interest Rate Guarantee Period.

  • The Initial Interest Rate Guarantee Period starts on the Contract Date and continues through the end of Contract Year 1.

  • The Interest Rate Guarantee Periods are stated in the Contract Specifications.

  • After the Initial Interest Rate Guarantee Period, we will determine the interest rate to be credited to the fixed account each contract anniversary and that rate will not change during that contract year.


More Definitions of Interest Rate Guarantee

Interest Rate Guarantee means the Interest Rate Guarantee
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