Loan Rate Benefit Calculation: 

(Benefit / 100) / 365 (or 366) = Daily Factor (truncated to 9 decimal places)

Daily Factor x Current Loan Balance = Daily Benefit Accrual (rounded to 2 decimal places)

Ex: Rate Benefit = .250, Loan Balance is $10,000.00       .250/100 = .0025        .0025 / 365 = .000006849     .000006849 * 10,000.00 = .068 rounded to .07

Share Rate Benefit Calculation

Benefit  / 36500 (or 36600) = Daily Factor (truncated to 8 decimal places)

Daily Factor x Current Share Balance = Daily Benefit Accrual (truncated  to 2 decimal places)

Ex: Rate Benefit = .250, Share Balance is $1,000.00       .250/36500 = .00000684   .00000684 * $1000.00 = .0068 rounded to 2 decimals  = .01 Daily Benefit Accrual

NOTE* - Share Rate Benefits can also use an Average Daily Balance calculation or a Compound Simple Daily calculation determined by the normal dividend configuration value.  

Certificate Rate Benefit Calculation:

(Benefit / 100) / 365 (or 366) = Daily Factor (truncated to to 9 decimal places)

Daily Factor x (Compound Balance or Current Balance  or Original CD Amount) = Daily Benefit Accrual (truncated to 2 decimal places)

Ex: Rate Benefit = .250, CD Current Balance (*or Compound Balance or Origianl Amount) is $1,000.00       .250/36500 = .00000684   .00000684 * $1000.00 = .0068 rounded to 2 decimals  = .01 Daily Benefit Accrual