Account Disclosure Information
|Existing Term||Term Upon Renewal|
|12-17 Month CD||12 Month CD|
|18-23 Month CD||18-month CD|
|24-29 Month CD||24-month CD|
|30-35 Month CD||30-month CD|
|36-41 Month CD||36-month CD|
|42-59 Month CD||42-month CD|
|60 Month CD||60-month CD|
Interest Rate Information: Click here to view current rate and annual percentage yield.
Compounding and Crediting: Interest will be compounded monthly and will be credited to your account monthly. If you close your account before interest is credited, you will not receive the accrued interest.
Minimum Balance Requirements: You must deposit at least $500 to open and maintain this account. You must maintain a minimum balance of $500 in your account each day to obtain the disclosed annual percentage yield.
Balance Computation Method: We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. We calculate interest from the day of your deposit until, but not including, the day of your withdrawal.
Accrual of Interest on Deposits: Interest begins to accrue on the day we receive your deposit.
Transaction Limitations: After your account is opened, you may not make deposits into or withdrawals of principal from the account until the maturity date. You may withdraw interest credited to your account at any time.
Early Withdrawal Penalty: When you open a Term Deposit Account, you agree to keep your funds on deposit until the maturity date. You may make withdrawals of principal from your account before maturity only if we agree at the time you request the withdrawal. If you withdraw principal before the maturity date, a penalty equal to 4% of the principal balance withdrawn will be charged to your account.
If the amount of the penalty exceeds the amount of earned interest that has not already been paid to you, we may have to deduct some of the penalty from your principal.