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The Following Information Applies to all Interest Bearing Accounts |
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Rate Information - Your interest rate and annual percentage yield may change. |
Frequency
of rate changes - We may change the interest rate
on your account at any time. |
Determination
of rate - at our discretion, we may change the interest rate
on your account. |
Compounding
and crediting frequency checking, and money market accounts -
Interest will be compounded monthly. Interest will be credited
to your account
every month. |
Compounding
and crediting frequency savings accounts - Interest
will be compounded daily. Interest will be credited to you
account every quarter. |
Collected
daily balance computation - We use the daily collected
balance method to calculate the interest on your account. This
method applies a daily
periodic rate to the collected principal in the account each day. |
Accrual
of interest on noncash deposits - Interest begins
to accrue no later than the business day we receive credit
for the deposit of noncash items (for example,
checks). |
Copyright © 2004 · Peoples
Bank
Member
FDIC
Equal
Housing Lender
