Balance Computation Method - We use the daily balance method to calculate the interest on your account. We reserve the right to at any time require not less than 7 days notice in writing before any withdrawal from an interest bearing account. Compounding and crediting for Certificate of Deposit Accounts - Interest will be compounded every 3 months and interest will be added back to the principal every three months. Accrual of interest on noncash deposits - Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks.). Annual percentage yield assumes interest will remain on deposit until maturity and a withdrawal will reduce earnings. Interest is not paid during the grace period unless renewed. CD Terms: You must notify us in writing before or within a 10-day grace period after, the maturity date, if you do not want your account to automatically renew or change the terms of, or withdraw money from your CD. Maturity Date: Each CD account matures at the conclusion of the term of the original CD.
You must maintain this minimum balance on a daily basis to earn the disclosed annual percentage yield. *Minimum Balance Requirement: You must make a minimum deposit to open this account as stated above.
