Sec. 267. PAYMENT OF INTEREST

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## SEC. 267 PAYMENT OF INTEREST **[**[12 U.S.C. 4306](/us/usc/t12/s4306)**]** ###

(a)Calculated on Full Amount of Principal Interest on an interest-bearing account at any depository institution shall be calculated by such institution on the full amount of principal in the account for each day of the stated calculation period at the rate or rates of interest disclosed pursuant to this subtitle. ###

(b)No Particular Method of Compounding Interest Required Subsection

(a)shall not be construed as prohibiting or requiring the use of any particular method of compounding or crediting of interest. ###

(c)Date by Which Interest Must Accrue Interest on accounts that are subject to this subtitle shall begin to accrue not later than the business day specified for interest-bearing accounts in section 606 of the Expedited Funds Availability Act, subject to subsections

(b)and

(c)of such section.

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U.S. Code

Payment of interest
§ 4306

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Sec. 267

PAYMENT OF INTEREST

U.S.C.§ 4306

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