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 & 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

  • Each of the Interest Rate Guarantee and the Bullet Cap Guarantee is aHedging Guarantee.

  • After the Initial Premium Fixed Account Interest Rate Guarantee Period, We will declare a Fixed Account Interest Rate for each Contract Year that will apply to the amount allocated to the Fixed Account as of the beginning of that Contract Year.

  • 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.

  • Harbourview Multi-Year Guaranteed Annuities - v1.2021OceanviewLife.com Interest Rate Guarantee Periods 2, 3, 4, 5, 6, 7 & 10 Years.

  • We have seen a significant increase over the year in both the number of calls received by the Helpline and the number of new callers, with a 12% increase in new callers compared with the previous year.

  • 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.

  • The Initial Premium Fixed Account Interest Rate Guarantee Period, Fixed Account Interest Rate on the Issue Date, and Minimum Guaranteed Fixed Account Interest Rate are shown on the Specifications Page.

  • PENALTY-FREE WITHDRAWAL WINDOWDuring the last 30 days of a Multi-Year Interest Rate Guarantee Period, you may take a penalty-free partial or total withdrawal of your principal and earned interest without being subject to a surrender charge or MVA.

  • The Initial Premium Fixed Account Interest Rate Guarantee Period, Fixed Account Interest Rate, and Minimum Guaranteed Fixed Account Interest Rate are shown on the Specifications Page.

  • If you choose to withdraw any amount in excess of the penalty- free withdrawal amount, you will be subject to a Surrender Charge that is calculated based on the policy year of your current Multi-Year Interest Rate Guarantee Period.


More Definitions of Interest Rate Guarantee

Interest Rate Guarantee means the Interest Rate Guarantee
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Related to Interest Rate Guarantee

  • Swap Guarantee If so specified in the Supplement with respect to any Series, the guarantee issued by the Swap Guarantor in favor of the Trust substantially in the form attached as an exhibit to the Swap Agreement.

  • Interest Rate Contract means any interest rate swap agreement, interest rate cap agreement, interest rate floor agreement, interest rate collar agreement, interest rate option or any other agreement regarding the hedging of interest rate risk exposure executed in connection with hedging the interest rate exposure of any Person and any confirming letter executed pursuant to such agreement, all as amended, restated, supplemented or otherwise modified from time to time.

  • Interest Rate Agreement means with respect to any Person any interest rate protection agreement, interest rate future agreement, interest rate option agreement, interest rate swap agreement, interest rate cap agreement, interest rate collar agreement, interest rate hedge agreement or other similar agreement or arrangement as to which such Person is party or a beneficiary.

  • Guaranteed Interest Rate is the effective annual interest rate we will credit for a specified Guarantee Period. The Guaranteed Interest Rate will never be less than the minimum shown in the Schedule.

  • Fixed Rate Note means a Note on which interest is calculated at a fixed rate payable in arrear on a fixed date or fixed dates in each year and on redemption or on such other dates as may be agreed between the Issuer and the relevant Dealer(s) (as indicated in the applicable Final Terms);

  • Interest Rate Cap Provider if any, shall mean the entity listed as the Interest Rate Cap Provider in the Series Term Sheet, in its capacity as obligor under the Class Interest Rate Caps, or if any Replacement Class Interest Rate Caps or Qualified Substitute Cap Arrangements are obtained pursuant to Section 15, the obligor with respect to such Replacement Class Interest Rate Caps or Qualified Substitute Cap Arrangements.

  • Interest Rate Contracts means all interest rate swap agreements, interest rate cap agreements, interest rate collar agreements and interest rate insurance.

  • Interest Rate Cap Agreement means, as applicable, an Interest Rate Cap Agreement (together with the confirmation and schedules relating thereto) in form and substance reasonably satisfactory to Lender between Borrower and an Acceptable Counterparty or a Replacement Interest Rate Cap Agreement.

  • Interest Rate Cap means the establishment of an upper limit for a variable interest rate.

  • Subsidiary Guarantee Agreement means the Subsidiary Guarantee Agreement, substantially in the form of Exhibit I, made by the Subsidiary Guarantors in favor of the Collateral Agent for the benefit of the Secured Parties.

  • guarantee contract means a contract entered into by a person as guarantor;

  • Subsidiary Guarantee means any guarantee of the obligations of the Issuers under this Indenture and the Notes by any Subsidiary Guarantor in accordance with the provisions of this Indenture.

  • Guarantor Security Agreement means any security agreement executed by any Guarantor in favor of Agent securing the Obligations or the Guaranty of such Guarantor, in form and substance satisfactory to Agent.

  • Interest Rate Protection Agreement means any interest rate swap agreement, interest rate cap agreement, interest rate collar agreement, interest rate hedging agreement or other similar agreement or arrangement.

  • Subsidiary Guaranty Agreement means each unconditional guaranty agreement executed by the Subsidiary Guarantors in favor of the Administrative Agent for the ratable benefit of the Secured Parties, substantially in the form of Exhibit H, as amended, restated, supplemented or otherwise modified from time to time.

  • Fixed Rate Notes Together, the Class A-1a Notes, the Class A-2 Notes, the Class A-3 Notes, the Class A-4 Notes, the Class B Notes, the Class C Notes, the Class D Notes and the Class E Notes.

  • Interest Rate Hedging Agreement means any interest rate protection agreement or other interest rate hedging arrangement.

  • Bid guarantee means the bid bond, cashier's check or certified check submitted as part of the bid proposal, payable to the contracting unit, ensuring that the successful bidder will enter into a contract.

  • Floating Rate Note means any Class A-2b Note.

  • Interest Rate Agreements means, in respect of a Person, any interest rate protection agreements and other types of interest rate hedging agreements (including, without limitation, interest rate swaps, caps, floors, collars and similar agreements) designed to protect such Person against or manage exposure to fluctuations in interest rates.

  • Interest Rate Option means any LIBOR Rate Option or Base Rate Option.

  • Floating Rate Notes means the Class A-2b Notes.

  • Subsidiary Guaranty means the Subsidiary Guaranty made by the Subsidiary Guarantors in favor of the Administrative Agent and the Lenders, substantially in the form of Exhibit G.

  • Fixed Rate Mortgage Loan A fixed rate mortgage loan purchased pursuant to this Agreement.

  • Permitted SBIC Guarantee means a guarantee by the Borrower of SBA Indebtedness of an SBIC Subsidiary on SBA’s then applicable form, provided that the recourse to the Obligors thereunder is expressly limited only to periods after the occurrence of an event or condition that is an impermissible change in the control of such SBIC Subsidiary (it being understood that, as provided in clause (r) of Article VII, it shall be an Event of Default hereunder if any such event or condition giving rise to such recourse occurs).

  • Interest Rate Period means that period of time for which the interest rate with respect to the Bonds has been determined by the Remarketing Agent or otherwise as provided in the definition of the applicable Interest Rate Mode, commencing on the applicable Interest Rate Adjustment Date, and terminating on the day immediately preceding the following Interest Rate Adjustment Date, if any.