Renewal Policy. Your CD will automatically renew at maturity. You will have a grace period of ten (10) business days after the maturity date to withdraw the funds in the CD without being charged an early withdrawal penalty. If at maturity your CD type is set to not renew, the CD will be closed and the funds transferred to your savings account or other account designated by you. If the CD type is no longer being offered, the CD will renew for the next shorter term.
Appears in 5 contracts
Samples: Consumer Deposit Agreement, Consumer Deposit Agreement, Consumer Deposit Agreement
Renewal Policy. Your CD will automatically renew at maturitymaturity unless specifically noted within the specific CD account type. You will have a grace period of ten (10) business days after the maturity date to withdraw the funds in the CD without being charged an early withdrawal penalty. If at maturity your CD type is set not to not renew, the CD will be closed closed, and the funds transferred to your savings account or other account designated by you. If your CD is set to automatically renew and the CD type is no longer being offered, then the CD will renew for the next shorter term, unless the CD disclosure documents indicate otherwise.
Appears in 2 contracts
Samples: Consumer Deposit Agreement, Consumer Deposit Agreement
