Common use of Renewal Policies Clause in Contracts

Renewal Policies. This Account will automatically renew upon the maturity date and on the maturity date of any renewal term. There is a grace period of seven (7) days after the maturity date to withdraw funds in the Account without being charged an early withdrawal penalty. If automatically renewed, the Account will be renewed for a term equal or closest to that in effect of the initial term and at the dividend rate and Annual Percentage Yield in effect at that time for such a term.

Appears in 4 contracts

Samples: Truth in Savings Disclosure and Agreement, Truth in Savings Disclosure and Agreement, Truth in Savings Disclosure and Agreement

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