This account is an interest- bearing account. The interest rate and annual percentage yield will not change for the term of the account. The annual percentage yield assumes that interest remains on deposit until maturity. A withdrawal of interest will reduce earnings
Compounding frequency: interest will be compounded daily*
Crediting frequency: Interest will be credited to your account at maturity*
Accrual of interest on non-cash deposits (for example, check): Interest begins to accrue on the business day you deposit
Automatic renewable time deposit
Limitations: You may not make additional deposits into this account. You may not make withdrawals from your account until the maturity date. If any withdrawal is made from this account, this account will be closed. No partial withdrawal allowed.
Penalty for early account closing: 30 days interest under 6 months term, 90 days interest over 6 months term.
Grace period: 10 days after the maturity date. Interest earned during the grace period will not be paid if automatically renewable CDs are redeemed.
Non-Automatically Renewal Time Deposit-interest will not accrue after Maturity *Interest credited prior to maturity shall be calculated using simple interest compounding method
- For complete listing of services, rates, fees, and restrictions, please contact any customer service representative.