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Rate Information:
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The interest rate as of April 16, 2008 is 1.00%
with an APY of 1.00%. You will be
paid this rate until first maturity.
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Compounding Frequency:
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Interest will be compounded daily.
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Crediting Frequency:
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Interest will be credited to the account annually.
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Effect of Closing an Account:
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If you close the account before the interest is
credited, you will not receive the accrued interest.
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Daily Balance Computation Method:
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We use the daily balance method to calculate the
interest on your account. This method
applies a daily periodic rate to the principle in the account each day.
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Accrual of Interest on Noncash
Deposits:
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Interest begins to accrue on the business day you
deposit noncash items (for example, checks).
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Transaction Limitations:
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You may make unlimited deposits into your account.
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If any withdrawal is made from the account before
maturity then the account will be closed.
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You may not make withdrawals of principal from the
account before maturity. You can not
withdraw interest from the account before maturity.
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