9 Month CD Truth-in-Savings Disclosure
The Interest Rate and the Annual Percentage Yield for your account are shown here on. You will be paid this rate for at least nine months.
The balance on which interest is calculated for your account is determined by the daily balance method.
Interest will be compounded daily.
Interest will be credited at maturity.
Your account will mature in nine months.
This account will automatically renew at maturity. You will have ten business days after the maturity date to withdraw funds without penalty.
Minimum Deposit, Time and Balance Requirements
To open this account, you must deposit $500.00.
To earn the annual percentage yield shown, your entire balance must remain on deposit for at least nine months.
The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.
You may not make withdrawals from or deposits into this account until maturity.
If you withdraw any funds before maturity, your account will be charged an early withdrawal penalty in an amount equal to 90 days' interest. This early withdrawal penalty may invade principle.
You may make additional deposits to this account within 10 business days after the date of maturity.
If you do not withdraw the funds, each renewal term will be for an identical period of time as the original term, or you may choose to change the term length within 10 business days after the date of maturity. If you choose to close this account within 10 business days after the date of maturity, no accrued interest will be paid. If you choose to change the term length within 10 business days after the date of maturity, accrued interest will be paid at the interest rate applicable to that earned by the account prior to the change in term length.
Additional Fees and Terms
Interest begins to accrue on the business day you deposit non-cash items (e.g., checks).
Balance Computation Methods
We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day. We will use an interest accrual basis of 365 for each day in the year. You must maintain a minimum balance of $500.00 in the account each day to obtain the disclosed annual percentage yield.
Schedule of Fees and Charges
|Automatic Overdraft Transfer||$5|
|Closing an Account (0-90 days)||$25|
|Return Item Fee||$30|
|Stop Payment (Per Item)||$30|
|Returned Deposited Item||$5|
|Statement of Account - Instant||$1|
|Statement of Account - Duplicate||$3|
|Statement of Account - Special||$5|
|Dormant Account Fee||$10|
*Overdraft Fee may be caused by check, in-person withdrawal, ATM withdrawal (only applies if you have opt'd in), everday debit card transactions (only applies if you have opt'd in), or other electronic means.