Month Certificate of Deposit Sample Clauses

Month Certificate of Deposit. The interest rate on a 6-month certificate is %, with an annual percentage yield of %. You will be paid this rate until maturity. Minimum balance to open a 6-month certificate is 1,000.
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Month Certificate of Deposit. EARLY WITHDRAWAL PENALTY- A penalty may be imposed for withdrawals before maturity. The penalty we may impose will equal 180 days interest on the amount withdrawn subject to penalty. In certain circumstances, such as the death or incompetence of an owner of this account, the law permits or in some cases requires the waiver of the early withdrawal penalty. See your Plan Disclosure if this account is part of an XXX or another tax-qualified plan. AUTOMATICALLY RENEWABLE ACCOUNT- These accounts will automatically renew at maturity. You may prevent renewal if we receive written notice from you at or before maturity of your intention not to renew. If you prevent renewal, your funds will be placed in your specified Arbor Financial Credit Union account. The renewal term for this certificate of deposit will auto-renew to the 12-month certificate. The interest rate will be the same as on new Certificates of Deposit on the maturity date which has the same term, minimum balance (if any) and other features as the original Certificate of Deposit. There is a seven (7) calendar day grace period following the maturity of this account during which you may withdraw the funds without being charged an early withdrawal penalty. For all other certificate of deposit terms and conditions, refer to the “Membership Account Agreement”.
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Month Certificate of Deposit. Product Description Fixed-rate interest-earning account that matures after a term of 11 months. Minimum to Open $1,000 Monthly Service Fee No account opening or maintenance fees. Earns Interest Yes, compounded daily and paid monthly. The interest rate and APY remain constant for the term of the account and are based on the term and corresponding balance tier at account opening or at the time of renewal. Available as an IRA No Effect of Closing an Account If you close your account before the end of the term, any accrued interest will be paid on the date the account is closed. No early withdrawal penalty will apply if the total CD balance (plus accrued interest, if any) is withdrawn on or after the seventh day following the date on which the account was funded, but prior to maturity. Transaction Limitations No withdrawals are permitted during the first six days following the date on which the account was funded. Partial withdrawals of principal are not permitted.
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Related to Month Certificate of Deposit

  • Certificates of Deposit The purchase price of a certificate of deposit (a “CD”) is treated as its fair market value on the purchase date if (1) the CD has a fixed interest rate, a fixed payment schedule, and a substantial penalty for early withdrawal, (2) the Yield on the CD is not less than the Yield on reasonably comparable direct obligations of the United States, and (3) the Yield is not less than the highest Yield published or posted by the CD issuer to be currently available on reasonably comparable CDs offered to the public.

  • Final Certificate, Design Professional’s Certificate of Final Completion The Certificate issued by the Design Professional stating that all work has been completed in accordance with the terms of the Contract Documents. See Section 6,

  • Initial Deposit On the Closing Date, the Depositor will deposit, or cause to be deposited, the Required Reserve Amount in the Reserve Account according to Section 4.1 of the Exchange Note Sale Agreement.

  • Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges Borrower will pay each Periodic Payment when due. Borrower will also pay any prepayment charges and late charges due under the Note, and any other amounts due under this Security Instrument. Payments due under the Note and this Security Instrument must be made in U.S. currency. If any check or other instrument received by Lender as payment under the Note or this Security Instrument is returned to Lender unpaid, Lender may require that any or all subsequent payments due under the Note and this Security Instrument be made in one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer’s check, or cashier’s check, provided any such check is drawn upon an institution whose deposits are insured by a U.S. federal agency, instrumentality, or entity; or (d) Electronic Fund Transfer. Payments are deemed received by Lender when received at the location designated in the Note or at such other location as may be designated by Lender in accordance with the notice provisions in Section 16. Lender may accept or return any Partial Payments in its sole discretion pursuant to Section 2. Any offset or claim that Borrower may have now or in the future against Lender will not relieve Borrower from making the full amount of all payments due under the Note and this Security Instrument or performing the covenants and agreements secured by this Security Instrument.

  • Payment of Deposit The Buyer must pay the Deposit to the Developer. The Developer agrees to accept the payment of the Deposit in 2 instalments as follows:

  • Temporary Class Certificate of Registration Rate An employee holding a Temporary Class Certificate of Registration upon presenting proof of current General Class Certificate of Registration by the College of Nurses of Ontario shall be given the salary of the registered staff nurse as provided in this Article retroactive to the date of sitting the certification examination or the date of last hire, whichever is later.

  • What Forms of Distribution Are Available from a Xxxxxxxxx Education Savings Account Distributions may be made as a lump sum of the entire account, or distributions of a portion of the account may be made as requested.

  • Provisional Certificate 14.3.1 The Independent Engineer may, at the request of the Concessionaire, issue a provisional certificate of completion substantially in the form set forth in Schedule-J (the "Provisional Certificate") if the Tests are successful and the Bus Terminal can be safely and reliably placed in commercial operation though certain works or things forming part thereof are outstanding and not yet complete. In such an event, the Provisional Certificate shall have appended thereto a list of outstanding items signed jointly by the Independent Engineer and the Concessionaire (the "Punch List"); provided that the Independent Engineer shall not withhold the Provisional Certificate for reason of any work remaining incomplete if the delay in completion thereof is attributable to the Authority.

  • Deposits into Escrow Account The Concessionaire shall deposit or cause to be deposited the following inflows and receipts into the Escrow Account:

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