INTEREST RATE AND ANNUAL PERCENTAGE YIELD. The interest rate and annual percentage yield for each account are the interest rate and annual percentage yield in effect on the date the account is opened or renewed, for that type of account and for the amount deposited and the term chosen. The interest rate and annual percentage yield are fixed as of the date the account is opened or renewed, and remain in effect until the maturity date of the initial term or any renewed term as may be the case. For accounts where interest is compounded during the term, the annual percentage yield assumes that interest will remain on deposit until the maturity date, and thus any withdrawals (including by check to you or by deposit to another account with us) will reduce earnings. For the current interest rates and annual percentage yields, refer to our current rate schedules or call us at the telephone number shown on our rate schedules during our normal business hours.
Appears in 6 contracts
Samples: Deposit Account Agreement, Deposit Account Agreement, Deposit Account Agreement
