Sentences with phrase «average daily closing balance»

So, that additional 2 % interest will be calculated on the average daily closing balance during the whole Offer Period.

The Promotional Interest is calculated on the portion of the Eligible Registered Savings Account's average daily closing balance during the Offer Period that exceeds the closing balance as at October 31, 2017 (the «Additional Balance») to a maximum of $ 500,000

Their wording and punctuation etc., cut - and - pasted: «The Promotional Interest is calculated on the portion of the Eligible Savings Account's average daily closing balance during the Offer Period that exceeds the closing balance as at October 31, 2017 (the «Additional Balance») to a maximum of $ 500,000 in Additional Balances across all of an account holder's Eligible Savings Accounts.»

The Promotional Interest is calculated on the portion of the Eligible Savings Account's average daily closing balance during the Offer Period that exceeds the closing balance as at October 31, 2017 (the «Additional Balance»)

The Promotional Interest is calculated on the portion of the Eligible Savings Account's average daily closing balance during the Offer Period that exceeds the closing balance as at October 31, 2017... From Simplii current regular 1 % interest rate: Interest is calculated on the daily closing balance... So, that additional 2 % interest will be calculated on the average daily closing balance during the whole Offer Period.

It says, with regard to the 2 % calculation, that they will calculate an average daily closing balance for the period Nov 1/17 - Feb 28/18, i.e. their machine will take the 120 daily closing balances during the period, add them up, divide by 120 to come up with an average daily closing balance.

The Promotional Interest is calculated on the portion of the Eligible Registered Savings Account's average daily closing balance during the Offer Period that exceeds the closing balance as at October 31, 2017 (the «Additional Balance») to a maximum of $ 500,000 in Additional Balances across all of an account holder's Eligible Registered Savings Accounts.

Yes, scenario 2 is wrong, I apologize for my confusion - Norman1 has convinced me of this, BUT I'm unsure why in scenario1 you would say that getting 1 % for 2 months was acceptable, when you are expecting 3 % - what % of the population would interpret «average daily closing balance during the Offer Period that exceeds the closing balance» correctly?

the portion of the Eligible Savings Account's average daily closing balance during the Offer Period that exceeds the closing balance as at October 31, 2017 (the «Additional Balance»)

Not exact matches

In your case (let's pretend the whole promo period is 11 days) after 11 days your average closing daily balance for the period would be $ 55K.

Again, you're not doing the calculation or «earning» promo interest as you go along, the promo interest is calculated at the end of the promo period based on the amount the daily average closing balance over the entire period exceeds the Oct 31 balance.

We multiply this average daily balance by the monthly periodic balance transfer rate in effect at the close of your billing period to determine your finance charge for balance transfers for the billing period.

We multiply this average daily balance by the monthly periodic purchase rate in effect at the close of your billing period to determine your finance charge for Purchases and Other Charges for the billing period.

If you elect not to pay the entire New Balance shown on your previous monthly statement within that 25 - day period, a Finance Charge will be imposed on the unpaid average daily balance of such Credit Purchases from the previous statement closing date and on new Credit Purchases from the date of posting to your account during the current billing cycle, and will continue to accrue until the closing date of the billing cycle proceeding the date of which the entire New Balance is paid in full or until the date of payment if more than 25 days from the closinBalance shown on your previous monthly statement within that 25 - day period, a Finance Charge will be imposed on the unpaid average daily balance of such Credit Purchases from the previous statement closing date and on new Credit Purchases from the date of posting to your account during the current billing cycle, and will continue to accrue until the closing date of the billing cycle proceeding the date of which the entire New Balance is paid in full or until the date of payment if more than 25 days from the closinbalance of such Credit Purchases from the previous statement closing date and on new Credit Purchases from the date of posting to your account during the current billing cycle, and will continue to accrue until the closing date of the billing cycle proceeding the date of which the entire New Balance is paid in full or until the date of payment if more than 25 days from the closinBalance is paid in full or until the date of payment if more than 25 days from the closing date.