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Common use of Renewal Policy Clause in Contracts

Renewal Policy. The Credit Union will give the owners at least 15 days’ notice prior to maturity. The owners will be able to choose how the certificate will be treated at maturity. The certificate will be renewed for the same term at the rate in effect if no instructions are received from the owner before the maturity date. You have a grace period of ten (10) calendar days after maturity in which to add or withdraw funds in the account without penalty and to change the term length of the certificate.

Appears in 5 contracts

Samples: Membership and Account Agreement, Master Account Agreement, Membership and Account Agreement

Renewal Policy. The Credit Union will give the owners at least 15 days’ 30 days notice prior to maturity. The owners will be able to choose how the certificate will be treated at maturity. The certificate will be renewed for the same term at the rate in effect if no instructions are received from the owner before the maturity date. You have a grace period of ten (10) calendar days after maturity in which to add or withdraw funds in the account without penalty being charged an early withdrawal penalty. Nontransferable/Nonnegotiable. Your account is nontransferable and to change the term length of the certificate.nonnegotiable. Imagine Checking and Imagine Savers Checking Accounts Imagine Tunes

Appears in 4 contracts

Samples: Master Account Agreement, Master Account Agreement, Master Account Agreement

Renewal Policy. The Credit Union will give the owners at least 15 days’ days notice prior to maturity. The owners will be able to choose how the certificate will be treated at maturity. The certificate will be renewed for the same term at the rate in effect if no instructions are received from the owner before the maturity date. You have a grace period of ten (10) calendar days after maturity in which to add or withdraw funds in the account without penalty and to change the term length of the certificate.

Appears in 1 contract

Samples: Membership and Account Agreement