Common use of Certificate of Deposit Accounts Clause in Contracts

Certificate of Deposit Accounts. A Certificate of Deposit is a Deposit Account on which we agree to pay a stated rate of interest for a stated period of time. BECU’s Certificates of Deposit are not negotiable and are not negotiable instruments; all certificates are evidenced by Account information disclosed on your monthly statements. Early-withdrawal penalties may apply. Except as stated in any separate Certificate of Deposit receipt or disclosures, Certificate of Deposit Accounts are governed by the terms of the Account Agreements as well as the terms set forth in the receipt or disclosures, and these terms are incorporated in this Agreement by reference.