The Interest rate for your account will be paid until the maturity date of your certificate. Interest is compounded and paid semi-annually or at maturity, whichever occurs first. Interest begins to accrue on the business day you deposit non-cash items (for example, checks).
The account will automatically renew at maturity. You will have 10 calendar days from the maturity date to withdraw your funds without being charged a penalty. Withdrawals are not allowed from this account.
The daily balance method is used to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Jump Rate Certificates
You may change the interest rate on your account once during the term of your certificate to the current interest rate offered by us.
1Early withdrawals may result in the following penalties:
| Term | Penalty |
| 91-day CD | 3 months’ interest |
| 182-day CD | 3 months’ interest |
| 12-month CD | 3 months’ interest |
| 18-month CD | 6 months’ interest |
| 30-month CD | 12 months’ interest |
| 48-month CD | 12 months’ interest |
| 60-month CD | 12 months’ interest |