Term Share Certificates. Any term share certificate, certificate or share certificate accounts offered by the Credit Union are subject to the terms of this Agreement, the Schedule, and any account receipt or certificate, which are incorporated herein by reference.
Term Share Certificates. Any Term Share Certificate, Certificate or Share Certificate Accounts offered by the Credit Union are subject to the terms of this Agreement, the Schedule, and any account receipt or certificate, which are incorporated herein by reference. IRA certificate accounts are also subject to the limitations imposed by federal law and regulations and to any limitations set forth in your Credit Union IRA Agreement, the terms of which are also incorporated herein by reference.
Term Share Certificates. Any term share certificate, certificate, or share certificate accounts offered by the Credit Union are subject to the terms of this Agreement, the Schedule, and any account receipt or certificate, which are incorporated herein by reference. Certificate APY is applied and quoted as of the date the account is opened and a deposit must be made to a certificate account within 14 days if the account was not opened in person, or the account will be closed.
Term Share Certificates. Rate Information - The dividend rate on your term share account is disclosed on your certificate and displayed for you on your periodic account statements. You will be paid this rate until first maturity. Compounding frequency - Unless otherwise paid, dividends will be compounded every month. Crediting frequency - Dividends will be credited to your account every month, quarterly or at maturity on the anniversary of the certificate. Alternatively, you may choose to have dividends paid to you or to another account every month rather than credited to this share account. Dividend period - For this account type, the dividend period is monthly or the same as the term beginning on the date the account is opened, and ending on the stated maturity date, unless renewed. Minimum balance requirements: The minimum balance required to open this account is $2,500.00 for terms less than 12 month. The minimum balance required to open an account for terms 12 months and greater is $1,000.00. You must maintain a minimum daily balance in your account each day to obtain the disclosed annual percentage yield. Daily balance computation method – Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day. Accrual of dividends on noncash deposits - Dividends will begin to accrue on the business day you purchase a certificate. Transaction limitations: After the account is opened, you may not make additions into the account until the maturity date stated on the account. You may not make withdrawals of principal from your account before maturity. You can only withdraw dividends before maturity if you make arrangements with us for periodic payments of dividends in lieu of compounding. Time requirements - Your account will mature according to the term selected by you and the date will be disclosed on your certificate and displayed for you on your periodic account statements. Early withdrawal penalties (a penalty will be imposed for withdrawals before maturity) – 30 days interest, if earned, on the amount withdrawn for certificates of 12 months or less. 90 days interest, if earned, on the amount withdrawn for certificates over 12 months. In no case will the penalty be less than 7 days interest, whether earned or not, on the amount withdrawn. If the early withdrawal causes the principal amount of the certificate to fall below the minimum required for a certificate for that period of time, the entire principal must be with...
