Sentences with phrase «daily balance»

A minimum average daily balance of $ 2,500 is required for a Money Market account.

A minimum average daily balance of $ 2,500 is required for a Money Market account.

Members under the age of 18 earn dividends on minimum daily balances of just $ 5!

Virtually all credit cards use the average daily balance method including new purchases to calculate interest.

Most credit card companies use the average daily balance for calculating how much interest they charge.

I called the credit union and they said interest is calculated on daily balances and paid monthly.

The bank will waive the fee if you have a direct deposit each monthly statement period or if you maintain a $ 5,000 monthly average daily balance in your checking account.

** Monthly Account Fee charged if daily balance falls below minimum balance requirement OR number of items are exceeded.

They calculate the average daily balance by totaling the amount owed at the end of each day and dividing by 30 — the average number of days in a month or billing cycle.

If your average daily balance falls below $ 0.01 during the dividend period, you will not earn dividends for the period.

The bonus is a draw for this account and so is the low, minimum daily balance requirement of $ 100 to waive the $ 15 monthly maintenance fee.

My point is that this kind of average of two extremes is a meaningless number, perhaps used when daily balances aren't known.

If the balance drops below a $ 50 average daily balance over the course of the statement cycle, dividends no longer accrue on the account.

Interest is calculated at the end of each day on the total daily balance if it is USD 5,000 or more.

A $ 10 monthly account service charge is waived if you maintain a $ 2,500 average daily balance during the statement cycle.

The interest rate on a HELOC is set using the prime rate and the average daily balance as well as the margin allocated by the lender.

The highest daily balance is the peak borrowing point on the line during the year.

The average daily balance calculation is one of the most misunderstood concepts when it comes to credit cards.

Most companies have a mathematical formula that looks like this: average daily balance x periodic daily interest rate x number of days in a billing cycle = finance charge.

Daily balancing register, check monthly statistical reports and accounting tables.

An average daily balance adds the closing balances at the end of each day in a given period of time and divides the sum by the number of calendar days in that period.

When someone doesn't pay their balance in full, they will be charged interest on their average daily balance going back to the start of the statement.

Interest is paid on your average daily balance regardless of if someone signs up or not.

** Customer has 30 days to achieve a $ 2,500 minimum average daily balance before monthly service charge takes affect.

You need $ 2,500 to open a money market account, and there is a $ 10 fee for months in which your average daily balance dips below $ 2,500.

You can sometimes have withdrawal fees waived if you meet a minimum daily balance set by the institution.

The Average Daily Balance method is one of the more common interest calculations card issuers us.

We will calculate interest on the minimum daily balance in your account.

To calculate your monthly interest charged, multiply the daily interest rate by the average daily balance for the month.

No monthly service charge with minimum daily balance of $ 2,500 or more.

Interest is compounded daily, which means once interest kicks in, it is calculated on daily balances.

If your account has a minimum daily balance requirement, the fee is assessed based on what you have in the bank at the end of the business day.

You get paid dividends each month on your average daily balance as declared by the board of directors.

There is a low monthly fee of $ 5, but if you want to avoid that small charge, you can maintain a minimum daily balance of at least $ 300.

Interest is calculated at the end of each day on the total daily balance if it is $ 5,000 or more.

The mathematical formula used to calculate monthly interest charges is the same for most card companies: average daily balance x periodic daily interest rate x number of days in a billing cycle.

Usually it is «average daily balance method».

1 Tiered rates only apply when you maintain an average daily balance required for each interest rate.

With daily balances under $ 20,000, you can earn an annual percentage yield of 0.20 %; deposits of $ 20,000 to $ 50,000 earn 0.50 %.

Minimum daily balance fees.

The tier that your business qualifies for depends on if you have an active, eligible Bank of America business checking account, and maintain a 3 - month average combined daily balance in your qualifying Bank of America ® business deposit accounts and / or your qualifying Merrill Edge ® and / or Merrill Lynch ® business investment accounts of at least $ 20,000 for the Gold tier, $ 50,000 for the Platinum tier, or $ 100,000 for the Platinum Honors tier.

EverBank offers a guaranteed competitive interest rate, but online bill pay incurs a fee if your average daily balance drops below a limit.

If you would like to be notified of your balances multiple times a day, then you can set up multiple Daily Balance eAlerts.

¹ 3.00 % APY displayed is paid on average daily balances up to $ 10,000.00, 0.50 % APY between $ 10,001.00 - $ 25,000.00 and 0.10 % APY on remaining balance and / or non-qualifying accounts.

C&H Equipment, Muleshoe • TX 1997 — Present Accounting Provide all Accounting oversight for Accounts Payable and Receivables and develop daily balance sheets for successful equipment company.

There's no minimum balance required to open an account, but there are minimum daily balances necessary to earn the stated Annual Percentage Yield (APY).