|Interest will be credited to your account or paid to you monthly, quarterly, semi-annually, annually, at maturity or as agreed upon.
The annual percentage yield (APY) assumes that interest remains on deposit until maturity. A withdrawal will reduce earnings.
After the account is opened, you may not make any deposits into or withdrawals from the principal in the account until the maturity date.
penalty for early withdrawal
Maturity of less than 182 days - one month penalty of interest earned or that could have been earned.
Maturity of 182 days and over up to 1 year - 3 month penalty of interest earned or that could have been earned.
Maturity of more than 1 year - 6 month penalty of interest earned or that could have been earned.
renewal policy - If your Certificate is SINGLE MATURITY and does not automatically renew, present it PROMPLTY at maturity as no interest is payable after the maturity date.
If your certificate will AUTOMATICALLY RENEW, you will have a grace period of 10 days from maturity date to present this certificate for payment without penalty. If the certificate automatically renews, IT WILL BE RENEWED AT THE RATE IN EFFECT AT THIS INSTITUTION ON THE DATE OF MATURITY.
Method of Computation - Daily Balance*
*The Daily Balance is determined by the application of a daily periodic rate to the full amount of principal in the account each day.