Early Withdrawal Provisions Clause Samples

Early Withdrawal Provisions. We will impose a penalty if You withdraw any portion of the principal balance of Your Account before the maturity date. For terms to maturity less than 12 months, the penalty imposed will equal 90 days’ dividends. For terms to maturity equal to or greater than 12 months, the penalty imposed will equal 180 days’ dividends. Renewal Policies. Your Account will renew automatically at maturity, and You will have a 10-calendar-day grace period in which to make deposits into, and withdrawals from Your Account without penalty. GENERAL TERMS APPLICABLE TO ALL ACCOUNTS Member in Good Standing. The Account services described in these Agreements And Disclosures are available to those members in good standing with the Credit Union. We reserve the right to suspend or cancel services to a member who is not in good standing, which includes, but is not limited to members that have:

Early Withdrawal Provisions. We will impose a penalty if You withdraw any of the principal funds before the maturity date. For Accounts with a term to Maturity less than or equal to 91 days, the amount of the penalty imposed will equal all accrued dividends (except to the extent that the penalty will equal 7 days' dividends if such withdrawal occurs within 7 days of Account opening). For Accounts with a term to Maturity greater than 91 days, but less than or equal to 12 months, the penalty imposed will equal 90 days' dividends. For Accounts with a term to maturity greater than 12 months, the penalty imposed will equal 180 days' dividends. Renewal Policies. Your Account will renew automatically at maturity and You will have a grace period of 7 calendar days following the Maturity Date to make deposits or withdrawals without penalty. Transaction Limitations. Once Your Account is established You may not make additional deposits to Your Account prior to maturity. Additional Information. Individual Retirement Accounts are subject to limitations and/or penalties imposed by the Internal Revenue Service. Please see Your IRA Agreement or Your tax advisor for additional information. Fixed Rate Information. This Account is subject to a Fixed Rate. For the current dividend rate and corresponding APY, refer to the accompanying Account Disclosure Rate Supplement which We have included with and made a part of this Disclosure. Minimum Balance Requirements. For the minimum balance required to open these Accounts, refer to the accompanying Account Disclosure Rate Supplement. You must maintain a balance equal to the minimum balance required to open Your Account each day to obtain the disclosed APY and to keep Your Account open.

Early Withdrawal Provisions. We will impose a penalty if You withdraw any of the principal funds before the maturity date. The penalty imposed will equal the sum of the $25.00 administrative fee plus 90 days of dividends on the amount withdrawn. Renewal Policies. Your Account will renew automatically upon maturity and You will have a seven-calendar-day grace period immediately following the maturity of Your Account during which You may make withdrawals from Your Account without penalty. Tiered Fixed Rate Information. These Accounts are subject to a Tiered Fixed Rate. For the dividend rate and corresponding APY, refer to the separate page titled "Account Disclosure Rate Supplement" which We have included with and made a part of this Disclosure.

Early Withdrawal Provisions. We may impose a penalty if you withdraw any of the funds from your Share Certificate account before the maturity date. How the Penalty Works. The penalty is calculated as a forfeiture of part of the dividends that have been or would be earned at the nominal dividend rate on the account. It applies whether or not the dividend has been earned. In other words, if the account has not yet earned enough dividends or if the dividends have already been paid, the penalty will be deducted from the principal.

Early Withdrawal Provisions. We will impose a penalty if You withdraw any of the principal funds before the maturity date. For Accounts with terms to maturity of Renewal Policies. Your Account will renew automatically at maturity. You will have a grace period of seven calendar days in which to make deposits or withdrawals without penalty. GENERAL TERMS APPLICABLE TO ALL ACCOUNTS Member in Good Standing. The Account services described in these Agreements and Disclosures are available to those members in good standing with the Credit Union. We reserve the right to suspend services to a member who is not in good standing, which includes members that have:

Early Withdrawal Provisions. We will impose a penalty if You withdraw any of the principal funds before the maturity date. For Accounts with a term to maturity equal to or less than 12 months, the penalty imposed will equal three months dividends. For Accounts with a term to maturity greater than 12 months, the penalty imposed will equal six months dividends. Renewal Policies. Your Account will renew automatically at maturity, You will have a grace period of seven calendar days following the Maturity Date to make withdrawals and/or deposits without penalty. Transaction Limitations. Once Your Account is established You may not make deposits into Your Account.

Early Withdrawal Provisions. We will impose a penalty if You withdraw any funds before the maturity date. For Accounts with a term to maturity that is less than 12 Renewal Policies. Depending on the manner that You specify at the time You establish Your Account, You will select whether Your Account will or will not automatically renew at maturity. If You choose for Your Account to renew automatically at maturity, You will have a grace period of 10 calendar days following the Maturity Date to make withdrawals and/or deposits without penalty. If You choose for Your Account not to renew automatically at maturity, You will select from the following options: (i) a check with the funds then on deposits will be sent to the address We have on file for You; or (ii) the funds then on deposits will be transferred to Your share Account or to another account You have selected. GENERAL TERMS APPLICABLE TO ALL ACCOUNTS Member in Good Standing. The Account services described in these Agreements and Disclosures are available to those members in good standing with the Credit Union. We reserve the right to suspend services to a member who is not in good standing, which includes, but is not limited to members that: Nonsufficient Funds Returns. Any share draft or pre-authorized transfer, or transaction made through the use of a debit card, or other electronic means, as is applicable (including any in-person transaction), that is presented to Us for payment on Your Account when Your Account lacks sufficient collected funds to pay any such item may, at Our option, be returned for nonsufficient funds or We may honor any such item and charge You a fee for doing so. Overdraft Balance Calculation. When processing transactions that debit or credit Your Account, We start each Business Day with Your final Account balance from the preceding Business Day. The final balance takes into account all of the debit and credit transactions that were settled that Business Day pursuant to Our Funds Availability Policy, as well as any other debits or credits to Your Account that were finally settled that day, as described above in the "Deposit of Items" and "Collection and Processing of Items" sections of the Account Agreement. This starting balance at the beginning of a Business Day (the preceding Business Day’s final balance) is sometimes referred to as Your "actual balance." Withdrawal of Dividends Prior to Maturity. For all certificate Accounts, the Annual Percentage Yield assumes dividends remain on deposit until maturity...

Early Withdrawal Provisions. We will impose a penalty if You withdraw any of the principal funds before the maturity date. The penalty imposed will equal the sum of the $25.00 administrative fee plus 180 days of dividends on the amount withdrawn. Renewal Policies. Your Account will renew automatically upon maturity and You will have a seven-calendar-day grace period immediately following the maturity of Your Account during which You may make withdrawals from Your Account without penalty. Tiered Variable Rate Information. This Account is subject to a Tiered Variable Rate. For the current dividend rate and corresponding APY, refer to the separate page titled "Account Disclosure Rate Supplement" which We have included with and made a part of this Disclosure. Transaction Limitations. Individual Retirement Accounts are also subject to limitations and/or penalties imposed by the Internal Revenue Service. Please see Your IRA Agreement or Your tax advisor for additional information. Tiered Fixed Rate Information. This Account is subject to a Tiered Fixed Rate. For the dividend rate and corresponding APY, refer to the separate page titled "Account Disclosure Rate Supplement" which We have included with and made a part of this Disclosure.

Early Withdrawal Provisions. We will impose a penalty if You withdraw any principal before the maturity date. For Accounts with a term to Maturity less than or equal to 12 months, the amount of the penalty imposed will equal 90 days' dividends. For Accounts with a term to Maturity greater than 12 months, the penalty imposed will equal 180 days' dividends. Renewal Policies. Your Account will renew automatically at maturity. You will have a grace period of 7 calendar days to make additional deposits or withdrawals without penalty. Additional Information. Individual Retirement Accounts are subject to limitations and/or penalties imposed by the Internal Revenue Service. Please see Your IRA Agreement or Your tax advisor for additional information. Fixed Rate Information. This Account is subject to a Fixed Rate. For the current dividend rate and corresponding APY, refer to the accompanying Account Disclosure Rate Supplement which We have included with and made a part of this Disclosure. Minimum Balance Requirements. For the minimum balance required to open this Account, refer to the accompanying Account Disclosure Rate Supplement. You must maintain a balance equal to the minimum balance required to open Your Account each day to obtain the disclosed APY and to keep Your Account open.