Time Deposit Accounts Tda. 1. Automatic Renewal A time deposit Account, also referred to as a Certificate of Deposit, is a deposit Account with us for a specified period of time to maturity. Time deposits are set to automatically renew on the maturity date for the same term at the interest rate then in effect for Accounts of the same type, amount and term. Any special rates will not apply to automatically renewing time deposit Accounts. You have the option of closing your Account without an early withdrawal penalty during the grace period after maturity. For time deposit Accounts with terms of 31 calendar days or less, the grace period is one (1) Business Day. For time deposit Accounts with terms of 32 calendar days or more, the grace period is ten (10) calendar days.
Time Deposit Accounts Tda. This section excludes IRA TDAs; see section M for IRA TDAs.
Time Deposit Accounts Tda
