Early Withdrawals definition

Early Withdrawals. A 90 day interest penalty will be imposed for the withdrawal of any of the original amount prior to maturity. The penalty may be deducted from the principal amount. You may withdraw interest credited to your account at any time during the term with no early withdrawal penalty. Automatically renewable account: Your account will automatically renew at maturity. Each renewal term for this account will be the same as the original term, unless instructed otherwise. Unless we tell you otherwise in writing, the interest rate will be the Deposit Limitations: No additional deposits are allowed. UNIVERSITY OF MICHIGAN CREDIT UNION
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Early Withdrawals. If you withdraw any of the funds from the certificate before the maturity date, you will pay an early withdrawal penalty equal to 182 days’ dividends on your deposit if the certificate is for 12 months or less and 365 days’ dividends on your deposit if the certificate is for more than 12 months.
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Examples of Early Withdrawals in a sentence

  • Early Withdrawals You have contracted to keep your funds on deposit for the stated term.

  • The Ratchet Base is reduced on a pro rata basis due to any Early Withdrawals and any Excess Withdrawals.

  • The GAWA may be reduced, pro rata, by Early Withdrawals or Excess Withdrawals.

  • Early Withdrawals You agree to keep your funds on deposit for the stated term of the account.

  • Early Withdrawals will reduce the Certificate Owner(s)’s Withdrawal Guarantee.

  • Early Withdrawals You agree to keep your funds on deposit for the stated term of the Account.

  • The Front-end Bonus Interest is subject to full recapture (including all accrued interest on such Front-End Bonus Interest) if the Holder requests any Early Withdrawals.

  • The Large Account Bonus interest ends at the earliest to occur of: the Date of Maturity, the drop of the Holder’s Debenture value below $1 million, or [one or more] Early Withdrawals that total more than twenty-five percent (25%) of the Debenture.

  • Charges for Early Withdrawals We do not impose a charge for early withdrawals from the Contract.

  • The Registrar shall be responsible for calculating and/or recording: A) the interest accrued on each Security on a quarterly basis; B) the reduction in remaining Principal or accrued interest owed resulting from Normal or Early Withdrawals; C) for any increase in interest accrued as a result of default, and D) any cancellation of a Security.