Common use of Renewal Policy Clause in Contracts

Renewal Policy. Your Flex Rate 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 no longer offered, the CD will be closed and the funds transferred to your savings account or other account designated by you.

Appears in 5 contracts

Samples: Consumer Deposit Agreement, Consumer Deposit Agreement, Consumer Deposit Agreement

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Renewal Policy. Your Flex Rate 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 no longer offered, the CD will be closed closed, and the funds transferred to your savings account or other account designated by you.

Appears in 2 contracts

Samples: Consumer Deposit Agreement, Consumer Deposit Agreement

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