Sentences with phrase «non-interest bearing accounts»

The commenter suggested that the Department either allow institutions to separate debt on interest - bearing accounts from debt on non-interest bearing accounts so the total loan debt and annual payment amounts are more accurate, or provide that institutions may appeal the loan debt calculation.

In reality, some assets are, for example, kept in non-interest bearing accounts and therefore may incurr borrowing costs without earning any interest.

It is a non-interest bearing account with no per - item charges for a set number of transactions.

The checking account is a non-interest bearing account.

Advantage Plus Checking is a non-interest bearing account with a daily minimum balance requirement of $ 500.

Totally Free Advantage Checking is a non-interest bearing account with no daily minimum balance requirement.

If you exceed these limits three (3) or more times during any 12 - month period, we will change your savings account to a non-interest bearing account that does not have withdrawal limits.

If your account is changed to a non-interest bearing account based on excessive transaction activity, the use of the account to provide overdraft protection will continue uninterrupted.

The Collateral Account is a non-interest bearing account; therefore, no interest will be paid to you on the Collateral Account.

The Secured Card Collateral Account will be opened in your name and is a non-interest bearing account, therefore no interest will be paid to you on the Collateral Account.

Not exact matches

Withdrawal transactions from savings and money market accounts are governed by federal law and, if transaction limitations are exceeded, the account could be reclassified as non-interest bearing.

This means it gets parked in what are in effect non-interest bearing securities (T - Bills), cash accounts, overpriced stocks, or non-performing «real» assets such as largely vacant commercial real estate.

Advantage Plus Checking is a non-interest bearing checking account with a daily minimum balance requirement of $ 500.

Fees apply if you exceed these limits and, if you repeatedly exceed these limits, we will convert your account to a non-interest bearing checking account.

Fees apply if you exceed these limits and, if you repeatedly exceed these limits, we will convert your account to a checking account, which may be a non-interest bearing checking account.

Our children can have a non-interest bearing chequing account (totally useless if you're trying to teach your children something — sorry again if we're offending some of you), but they can not have a non-taxable interest bearing savings account like everyone else over 17.

Otherwise, the savings sub account will be non-interest bearing.

Selling them would only amount to the Fed moving the money to a non-interest bearing checking - like account called a securities account with China losing its interest.

For more information about FDIC insurance coverage of non-interest bearing transaction accounts, please visit the FDIC website.

What if the Buyer is paying interest on that deposit but the deposit is in a non-interest bearing trust account, as per the standard APS verbiage?

Earnest money is placed by the real estate broker in an non-interest bearing escrow / trust account until closing, when it becomes part of the down payment or closing costs.