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 Share Certificate Account is set forth on the Dividend Rate Sheet. You must maintain this minimum daily balance in your Share Certificate Account each day to obtain the disclosed APY and to avoid account closure. If during any day your Share Certificate Account balance falls below the required minimum, your Share Certificate Account will be subject to 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 Although credited dividends may be withdrawn or transferred at any time without the assessment of an early withdrawal penalty, the disclosed APY assumes that dividends will remain in the Share Certificate Account until the Maturity Date. An early withdrawal will reduce earnings.