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Rate Information: |
The interest rate as of April 16, 2010 is .55% with an APY of .55%. You will be paid this rate until first maturity. |
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Compounding Frequency: |
Interest will be compounded daily. |
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Crediting Frequency: |
Interest will be credited to the account annually. |
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Effect of Closing an Account: |
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: |
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: |
Interest begins to accrue on the business day you deposit noncash items (for example, checks). |
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Transaction Limitations: |
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. |
