Common use of Early Withdrawal Provisions Clause in Contracts

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. Following maturity of Your account, You will have a grace period of seven calendar days to make deposits or withdrawals without penalty. All funds that remain on deposit after maturity will be automatically transferred to a regular Certificate Account with the same term to maturity as Your One Time Bump Certificate Account, subject to the terms and conditions of such Account. Your One Time Bump Certificate Account will then be closed. SPECIFIC TERMS APPLICABLE TO YOUR CERTIFICATE ACCOUNT 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 annual percentage yield and to keep Your Account open. Transaction Limitations. Once Your Account is established You may not make additional deposits into Your Account prior to the Maturity Date. Maturity Date. Your Account will mature after the term indicated on the accompanying Account Disclosure Rate Supplement.

Appears in 3 contracts

Samples: Business Agreements and Disclosures, Business Agreements and Disclosures, Business Agreements and Disclosures

AutoNDA by SimpleDocs

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. Following maturity of Your account, You will have a grace period of seven calendar days to make deposits or withdrawals without penalty. All funds that remain on deposit after maturity will be automatically transferred to a regular Certificate Account with the same term to maturity as Your One Time Bump Certificate Account, subject to the terms and conditions of such Account. Your One Time Bump Certificate Account will then be closed. SPECIFIC TERMS APPLICABLE TO YOUR CERTIFICATE ACCOUNT 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 annual percentage yield and to keep Your Account open. Transaction Limitations. Once Your Account is established You may not make additional deposits into Your Account prior to the Maturity Date. Maturity Date. Your Account will mature after the term indicated on the accompanying Account Disclosure Rate Supplement.

Appears in 1 contract

Samples: Business Agreements and Disclosures

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. Following maturity of Your account, You will have a grace period of seven calendar days to make deposits or withdrawals without penalty. All funds that remain on deposit after maturity will be automatically transferred to a regular Certificate Account with the same term to maturity as Your One Time Bump Certificate Account, subject to the terms and conditions of such Account. Your One Time Bump Certificate Account will then be closed. SPECIFIC TERMS APPLICABLE TO YOUR CERTIFICATE ACCOUNT 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 annual percentage yield and to keep Your Account open. Transaction Limitations. Once Your Account is established You may not make additional deposits into Your Account prior to the Maturity Date. Maturity Date. Your Account will mature after the term indicated on the accompanying Account Disclosure Rate Supplement.

Appears in 1 contract

Samples: Business Agreements and Disclosures

Early Withdrawal Provisions. We will impose a penalty if You withdraw any of the principal funds before the maturity date. For Accounts with terms a term to maturity of less than 12 months, the penalty imposed will equal 31 days dividends. For Accounts with a term to maturity equal to or greater than 12 months, the penalty imposed will equal 90 days dividends. Renewal Policies. Following maturity of Your accountAccount will renew automatically at maturity, You will have a 10-calendar-day grace period of seven calendar days following the Maturity Date to make withdrawals and/or deposits or withdrawals without penalty. All funds that remain on deposit after maturity will be automatically transferred to a regular Certificate Account with the same term to maturity as Your One Time Bump Certificate Account, subject to the terms and conditions of such Account. Your One Time Bump Certificate Account will then be closed. SPECIFIC TERMS APPLICABLE TO YOUR SPECIAL TERM SHARE CERTIFICATE ACCOUNT Fixed Rate Information. This Account is These Accounts are 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 Accountthese 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 annual percentage yield APY and to keep Your Account open. Transaction Limitations. Once Your Account is established established, You may not make additional deposits into Your Account prior deposits. Additionally, the Credit Union reserves the right to the Maturity Daterequire a member intending to make a withdrawal to give written notice of such intent not less than seven and up to 60 days before any such withdrawal. Maturity Date. Your Account will mature after the term indicated on the accompanying Account Disclosure Rate Supplement.

Appears in 1 contract

Samples: Agreements and Disclosures

Early Withdrawal Provisions. We will impose a penalty if You withdraw any of the principal funds before the maturity date. For Accounts with terms a term to maturity of less than 12 months, the penalty imposed will equal 31 days dividends. For Accounts with a term to maturity equal to or greater than 12 months, the penalty imposed will equal 90 days dividends. Renewal Policies. Following maturity of Your accountAccount will not renew automatically at maturity, You will have a 10-calendar-day grace period of seven calendar days following the Maturity Date to make withdrawals and/or deposits or withdrawals without penalty. All funds that remain on deposit after maturity will be automatically transferred to a regular Certificate Account with the same term to maturity as Your One Time Bump Certificate Account, subject to the terms and conditions of such Account. Your One Time Bump Certificate Account will then be closed. SPECIFIC TERMS APPLICABLE TO YOUR VARIABLE-RATE TERM SHARE CERTIFICATE ACCOUNT Fixed Variable Rate Information. This Account is These Accounts are subject to a Fixed Variable 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 Accountthese 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 annual percentage yield APY and to keep Your Account open. Transaction Limitations. Once Your Account is established established, You may not make additional deposits into Your Account prior deposits. Additionally, the Credit Union reserves the right to the Maturity Daterequire a member intending to make a withdrawal to give written notice of such intent not less than seven and up to 60 days before any such withdrawal. Maturity Date. Your Account will mature after the term indicated on the accompanying Account Disclosure Rate Supplement.

Appears in 1 contract

Samples: Agreements and Disclosures

AutoNDA by SimpleDocs

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 12 months or less, the amount of the penalty imposed will equal 90 days' dividends. For Accounts with terms to maturity greater than 12 months, the amount of the penalty imposed will equal 180 days' dividends. Renewal Policies. Following maturity of Your account, You will have a grace period of seven calendar days to make deposits or withdrawals without penalty. All funds that remain on deposit after maturity will be automatically transferred to a regular Certificate Account with the same term to maturity as Your One Time Bump Certificate Account, subject to the terms and conditions of such Account. Your One Time Bump Certificate Account will then be closed. SPECIFIC TERMS APPLICABLE TO YOUR CERTIFICATE ACCOUNT 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 annual percentage yield and to keep Your Account open. Transaction Limitations. Once Your Account is established You may not make additional deposits into Your Account prior to the Maturity Date. Maturity Date. Your Account will mature after the term indicated on the accompanying Account Disclosure Rate Supplement.

Appears in 1 contract

Samples: Business Agreements and Disclosures

Early Withdrawal Provisions. We will impose a penalty if You withdraw any of the principal funds before the maturity date. For Accounts with terms having a term to maturity of equal to or less than one year, the penalty imposed will equal 90 days dividends. For Accounts having a term to maturity greater than one year, the penalty imposed will equal 180 days dividends. Renewal Policies. Following maturity of Your account, Account will renew automatically at maturity. You will have a grace period of seven 7 calendar days following the Maturity Date to make withdrawals and/or deposits or withdrawals without penalty. All funds that remain on deposit after Transaction Limitations. Once Your Account is established, You may not make deposits into Your Account until the maturity will of Your Account. If You exceed this limitation, Your Account may be automatically transferred to a regular Certificate Account with the same term to maturity as Your One Time Bump Certificate Account, subject to closure by the terms and conditions of such AccountCredit Union. Individual Retirement Accounts are also subject to limitations and/or penalties imposed by the Internal Revenue Service. Please see Your One Time Bump Certificate Account will then be closedIRA Agreement or Your tax advisor for additional information. SPECIFIC TERMS APPLICABLE TO YOUR CERTIFICATE ACCOUNT Fixed Rate Information. This Account is These Accounts are subject to a Fixed Rate. For the current dividend rate and corresponding APY, refer to the accompanying Account Disclosure Rate Supplement 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 Accountthese Accounts, refer to the accompanying Account Disclosure Rate Supplementaccount disclosure rate supplement which We have included with and made a part of this Disclosure. You must maintain a balance equal to the minimum balance required to open Your Account each day to obtain the disclosed annual percentage yield and to keep Your Account open. Transaction Limitations. Once Your Account is established You may not make additional deposits into Your Account prior to the Maturity Date. Maturity Date. Your Account will mature after the term indicated on the accompanying Account Disclosure Rate Supplement.

Appears in 1 contract

Samples: Membership Agreements

Early Withdrawal Provisions. We will impose a penalty if You withdraw any of the principal funds before the maturity date. For Accounts with terms having a term to maturity equal to or less than one year, the penalty imposed will equal 90 days of dividends. For Accounts having a term to maturity greater than one year, the penalty imposed will equal 180 days of dividends. Renewal Policies. Following maturity of Your account, Account will renew automatically at maturity. You will have a grace period of seven 7 calendar days following the Maturity Date to make withdrawals and/or deposits or withdrawals without penalty. All funds that remain on deposit after Transaction Limitations. Once Your Account is established, You may not make deposits into Your Account until the maturity will of Your Account. If You exceed this limitation, Your Account may be automatically transferred to a regular Certificate Account with the same term to maturity as Your One Time Bump Certificate Account, subject to closure by the terms and conditions of such Account. Your One Time Bump Certificate Account will then be closedCredit Union. SPECIFIC TERMS APPLICABLE TO YOUR BUSINESS CD PLUS TERM SHARE CERTIFICATE ACCOUNT Fixed Rate Information. This Account is These Accounts are subject to a Fixed Rate. For the current dividend rate and corresponding APY, refer to the accompanying Account Disclosure Rate Supplement 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 Accountthese Accounts, refer to the accompanying Account Disclosure Rate Supplementaccount disclosure rate supplement. You must maintain a balance equal to the minimum balance required to open Your Account each day to obtain the disclosed annual percentage yield and to keep Your Account open. Transaction Limitations. Once Your Account is established You may not make additional deposits into Your Account prior to the Maturity Date. Maturity Date. Your Account will mature after the term indicated on the accompanying Account Disclosure Rate Supplement.

Appears in 1 contract

Samples: Membership and Account Agreements

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!