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.
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»)
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.
Not exact matches
If a TFSA Savings Account is opened
during the Offer Period, it is eligible to earn Bonus Interest on the full
daily closing balance from the date the TFSA Savings Account is opened for the duration of the Offer 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 closin
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 closin
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 closin
Balance is paid in full or until the date of payment if more than 25 days from the
closing date.