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CERTIFICATE OF DEPOSIT AND IRAs
(Under 9 months)
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CERTIFICATE OF DEPOSIT (over 12 months)
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IRA DEPOSIT ACCOUNT
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RATE |
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The current interest rate and annual percentage yield is stated in the Rate Sheet. Your interest rate and annual percentage yield may change.
At our discretion we may change the interest rate on your account at any time.
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The current interest rate and annual percentage yield is stated in the Rate Sheet. Your interest rate and annual percentage yield may change.
At our discretion, we may change the interest rate on your account at any time.
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The current interest rate and annual percentage yield is stated in the Rate Chart Section. Your interest rate and annual percentage yield may change.
At our discretion, we may change the interest rate on your account at any time.
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COMPOUNDING
& CREDIT |
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Interest will be credited to your account at the end of the term.
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Interest will be compounded and credited to your account on a quarterly basis.
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Interest will be compounded on a daily basis.
Interest will be credit to your account on a quarterly basis.
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MINIMUM
BALANCE
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You must deposit a minimum of one of the following amounts of $500.00, $10,000.00 or $25,000.00 to open this account. |
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You must deposit deposit a minimum of one of the following amounts $500.00, $10,000.00 or $25,000.00 to open this account. |
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You must deposit $50.00 to open this account. |
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BALANCE
COMPUTATION |
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We use the daily-balance method to calculate the interest on your account. This method applies a daily percentage rate to the principal in the account each day.
Interest begins to accrue on the business day you deposit non cash items (for example, checks).
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We use the daily-balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Interest begins to accrue on the business day you deposit non cash items (for example, checks).
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We use the daily-balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Interest begins to accrue on the business day you deposit non cash items (for example, checks).
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EARLY WITHDRAWAL
PENALTIES
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We will impose a penalty of three (3) months interest if you withdraw any of the deposited funds before the maturity date.
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We will impose a penalty of six (6) months interest if you withdraw any of the deposited funds before the maturity date.
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RENEWAL POLICY |
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This account will automatically renew at maturity.
You will have seven (7) calendar days after the maturity date to withdraw funds without penalty.
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This account will automatically renew at maturity.
You will have seven (7) calendar days after the maturity date to withdraw funds without penalty.
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