Certificates of Deposit. The purchase price of a certificate of deposit (a “CD”) is treated as its fair market value on the purchase date if (1) the CD has a fixed interest rate, a fixed payment schedule, and a substantial penalty for early withdrawal, (2) the Yield on the CD is not less than the Yield on reasonably comparable direct obligations of the United States, and (3) the Yield is not less than the highest Yield published or posted by the CD issuer to be currently available on reasonably comparable CDs offered to the public.
Certificates of Deposit. (1) Minimum to Open: Please refer to the accompanying Schedule of Fees and Service Charges for the minimum balance to open, maintain, or renew a Certificate of Deposit (“CD”). Additional deposits to CDs are not permitted during the term of a CD.
Certificates of Deposit. You will be paid the disclosed rate and APY for the term of your certificate of deposit.
Certificates of Deposit. If your account is a certificate of deposit, your deposit will begin to earn interest on the day of deposit.
Certificates of Deposit. The purchase of certificates of deposit with fixed interest rates, fixed payment schedules and substantial penalties for early withdrawal will be deemed to be an Investment purchased at its Fair Market Value on the purchase date if the Yield on the certificate of deposit is not less than:
(i) the Yield on reasonably comparable direct obligations of the United States; and
(ii) the highest Yield that is published or posted by the provider to be currently available from the provider on reasonably comparable certificates of deposit offered to the public.
Certificates of Deposit. (CD) (Term Share Accounts).
Certificates of Deposit. Investments in certificates of deposit maturing within one year from the date of acquisition from any one or more of the top 000 xxxxxxxxxx xxxxx xx xxx Xxxxxx Xxxxxx;
Certificates of Deposit. Unless expressly permitted under the terms of the certificate, no deposits are permitted after the initial deposit except at time of renewal. Withdrawals may be subject to penalties.
Certificates of Deposit. Your Terms and Charges Disclosure or similar fee schedule explains when and how deposits may be made to your certificates of deposit.
Certificates of Deposit. Certificates of deposit issued by commercial banks organized under the laws of the United States or of any political subdivision thereof having a combined capital and surplus in excess of $750,000,000 which banks or their holding companies have a rating of A or its equivalent by Xxxxx’x Investors Service, Inc. or Standard & Poor’s Ratings Service; provided, however, that the aggregate amount at any one time so invested in certificates of deposit issued by any one bank shall not exceed five percent (5%) of such bank’s capital and surplus.
