Interest Calculation Methods
Interest Calculation Method A
We use the daily-balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day. Interest will be compounded and credited to the account monthly. The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account. If you close your account before the interest is credited, you will not receive the accrued interest. For the deposit of non-cash items, interest begins to accrue no later than the business day we receive credit for the item.
Interest Calculation Method B
We use the daily-balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day. Interest will be compounded daily and credited to the account quarterly. The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account. If you close your account before the interest is credited, you will not receive the accrued interest. For the deposit of non-cash items, interest begins to accrue no later than the business day we receive credit for the item.
Interest Calculation Method C
We use the daily-balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day. Interest will be compounded and credited to the account monthly. The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account. If you close your account before the interest is credited, you will receive the accrued interest. For the deposit of non-cash items, interest begins to accrue no later than the business day we receive credit for the item.
Transaction Restriction D
Federal regulation (Reg. D) restricts the number of checks, drafts, or similar orders to third parties, preauthorized automatic or electronic withdrawls made by computer, telephone, ACH, or other similar device, to six (6) per statement cycle from this account.
