The interest rate for your account will be paid until the maturity date of your certificate.
The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.
This account will automatically renew at maturity. You will have ten (10) calendar days after the maturity date to withdraw funds without being charged a penalty.
Interest begins to accrue on the business day you deposit non cash items (for example, checks)
Interest will be compounded and credited to your account according to the terms on the face of your certificate. You may receive interest by check or deposit to a checking or savings account if requested when opening the account.
If you close your account before interest is credited, you will not receive the accrued interest.
After the account is opened, you may not make deposits into the account until the maturity date.
If any of the deposit is withdrawn before the maturity date, the following penalty will be imposed: 12 months or less maturity date will receive a 3 month penalty on the amount withdrawn; between 13 months and 60 months will receive a 6 month penalty on the amount withdrawn; and a 60 month maturity date will receive a 1 year penalty on the amount withdrawn.
We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day.