Accrual of Interest on Deposits. If funds are credited to the Savings Account on or before 3:30 p.m. (CT) on a Business Day, we will consider that day to be the day of the deposit, and interest will begin accruing. However, if funds are credited to the Savings Account after 3:30 p.m. (CT), or on a weekend or federal holiday, we will consider that the deposit was made on the next Business Day and interest will start accruing on this day.
Accrual of Interest on Deposits. Interest begins to accrue on a deposit on the business day it is received. If the deposit is received no later than the applicable cutoff time specified for the type of deposit in the "Cutoff Times" section above, we will consider that to be the day of your deposit. If the deposit is received after the specified cutoff time or on a day that is not a business day, we generally will consider the deposit received on the next business day. If you request a withdrawal or transfer from your account, the funds will be debited when we process the withdrawal or transfer and interest will not accrue or be credited to your account for that processing day on the amount of the requested withdrawal or transfer, regardless of the actual date of the transfer. See "Cutoff Times" for more information on the processing times for transfer requests.
Accrual of Interest on Deposits. Interest begins to accrue on a deposit as of the Business Day it is considered to have been made. If the deposit is received or accepted by us on a Business Day no later than the applicable cutoff time specified for the type of deposit in the "Cutoff Times" subsection below, we will consider that Business Day to be the day of your deposit. If the deposit is received or accepted by us after the specified cutoff time or on a day that is not a Business Day, we generally will consider the deposit made on the next Business Day. If you request a withdrawal or transfer from your Account, the funds will be debited when we process the withdrawal or transfer and interest will not accrue or be credited to your Account for that processing day on the amount of the requested withdrawal or transfer, regardless of the actual date of the transfer. (See the "Cutoff Times" subsection below for more information on the processing times for transfer requests.)
Accrual of Interest on Deposits. Interest begins to accrue on the Business Day on which the deposit into your CD is credited. Additional Deposits – Additional deposits (other than credited interest) are not permitted to be made into your CD during any term. Withdrawals and Early Withdrawal Penalty – An early withdrawal penalty will be imposed if you withdraw any funds in a CD before the maturity date. The early withdrawal penalty for a CD with a term of 12 months or less will be an amount equal to 90 days simple interest on the amount withdrawn at the current interest rate for the CD. The early withdrawal penalty for a CD with a term of more than 12 months but less than 48 months will be an amount equal to 180 days simple interest on the amount withdrawn at the current interest rate for the CD. The early withdrawal penalty for a CD with a term of 48 months or more will be an amount equal to 365 days simple interest on the amount withdrawn at the current interest rate for the CD. Depending on how early in the term and how much you withdraw, the early withdrawal penalty may be greater than the interest earned on the CD and may result in a reduction of principal. No penalty applies to the withdrawal of interest earned and credited during the current term of the CD. An early withdrawal penalty will not be imposed if your CD is a No Penalty CD. You may not make a withdrawal during the first 6 calendar days following the date your No Penalty CD is funded. If you choose to make an early withdrawal from your No Penalty CD, you must withdraw the full balance, including accrued interest, unless the withdrawal is made to satisfy an IRS-required minimum distribution. An early withdrawal without penalty may also generally be permitted in the following circumstances: • In the event of death or the adjudication of incompetence of an owner; • Within the Grace Period described below; • For IRA CD account holders, if the early withdrawal is made to satisfy an IRS-required minimum distribution; or • For IRAs established under 26 USC §408 and the money is paid within 7 days of establishment of the IRA (but we will assess a penalty equal to the simple interest earned on the amount withdrawn).
Accrual of Interest on Deposits. Interest begins to accrue on a deposit as of the Business Dayit is considered to have been made. If the deposit is received or accepted by us on a Business Day no later than the applicable cutoff time specified for the type of deposit in the "Cutoff Times" subsection below, we will consider that Business Day to be the day of your deposit. If the deposit is received or accepted by us after the specified cutoff time or on a day that is not a Business Day, we generally will consider the deposit made on the next Business Day. If you request a withdrawal or transfer from your Account, the funds will be debited when we process the withdrawal or transfer and interest will not accrue or be credited to your Account for that processing day on the amount of the requested withdrawal or transfer, regardless of the actual date of the transfer. (See the "Cutoff Times" subsection below for more information on the processing times for transfer requests.) Compounding and Crediting of Interest Interest will be compounded and credited to your Account monthly on the last day of your monthly statement period. If the Account is closed before monthly interest is credited, interest accrued during the calendar month in which the Account is closed will be credited or paid to you through the day prior to your Account closure.
Accrual of Interest on Deposits. Interest in your Account will begin to accrue on the Business Day the deposit is received. Interest accrues based upon the account balance every calendar day at 4:00 PM ET. If your deposit is received on or before 4:00 PM ET, it will begin to accrue interest on that calendar day. If your deposit is received after 4:00 PM ET, it will begin to accrue interest on the next calendar day.
