Common use of Minimum Balance and Deposit Requirements Clause in Contracts

Minimum Balance and Deposit Requirements. The minimum balance required to open and maintain a Term Share Certificate Account is set forth on the Rate Sheet that accompanies this Agreement and is hereby incorporated by this reference. You must maintain this minimum daily balance in your Term Share Certificate Account each day to obtain the disclosed APY and to avoid account closure. Although credited dividends may be withdrawn or transferred at any time without the assessment of an early withdrawal penalty, the disclosed APY assumes that dividends will remain in the Term Share Certificate Account until the Maturity Date. The Maturity Date will be set forth on the Share Certificate that will be provided to you when the Term Share Certificate Account is opened (or, if you did not open your Term Share Certificate Account in person, the Share Certificate will be mailed to you). An early withdrawal will reduce earnings.

Minimum Balance and Deposit Requirements. The minimum balance required to open and maintain a Term Share Certificate Account is set forth on the Rate Sheet that accompanies this Agreement and is hereby incorporated by this reference. You must maintain this minimum daily balance in your Term Share Certificate Account Ac- count each day to obtain the disclosed APY and to avoid account closure. Although credited dividends may be withdrawn or transferred at any time without the assessment assess- ment of an early withdrawal penalty, the disclosed APY assumes that dividends will remain in the Term Share Certificate Account until the Maturity Date. The Maturity Date will be set forth on the Share Certificate that will be provided to you when the Term Share Certificate Account is opened (or, if you did not open your Term Share Certificate Cer- tificate Account in person, the Share Certificate will be mailed to you). An early withdrawal will reduce earnings.