Minimum Balance to Open the Account:
Varies depending on contract terms
Minimum Balance to Obtain Disclosed APY:
Interest Crediting Frequency:
Early Withdrawal Penalties:
A penalty equal to three (3) months simple interest on the amount withdrawn will be imposed for withdrawals made before maturity.
- Withdrawals during the term will be considered Early Withdrawals. A penalty may be imposed for withdrawals made before maturity.
- Monthly deposits must be made on the date originally scheduled; otherwise the contract amount at maturity will not be the same as the original contract amount.
- If you stop making deposit for two months from any of the scheduled deposit date, the account may be converted to a Regular Savings.
Non-Automatically Renewable Time Deposit:
This account will not automatically renew at maturity. If you do not withdraw at maturity, the account will be converted to a Regular Savings Account unless other instructions are received from you.
Renewal of Time Deposit:
Accrual of Interest on Noncash Deposits:
Daily Balance Computation Method: