Early Withdrawal Penalty. When you open a CD, you agree to keep the principal on deposit with us for the term that you have selected. We will impose a substantial penalty if we permit you to withdraw any principal before the maturity date. The early withdrawal penalty will be one-half (½) the interest that would be due on the CD over the entire term of the CD, regardless of the length of time the funds remained on deposit, subject to the following limits. The minimum penalty is 7 days simple interest. The maximum penalty is 270 days of compound interest. It is possible that all or part of the penalty will be deducted from principal. No early withdrawal penalty will be assessed if the withdrawal is made because of your death or a court determination of your legal incompetence. We require proof of death or incompetence before an early withdrawal penalty is waived.
Early Withdrawal Penalty. Unless provided otherwise in the Disclosures, we will assess an early withdrawal penalty on any withdrawal, either partial or in whole, that we allow you to make from your account prior to the account's maturity date. The method for determining that penalty is described in the Disclosures. Renewal. Automatic Renewal Certificates will renew automatically on the stated maturity date of its term. Such renewal will be for a time period equal or similar to the original term and subject to these terms and conditions. Interest for that renewal term will be paid at the interest rate then in effect at this financial institution for similar accounts. If you close the Certificate within the grace period following the maturity date, we will not charge an early withdrawal penalty for that withdrawal. The grace period following a maturity date is described in the Disclosures.
Early Withdrawal Penalty. You have contracted to keep your funds on deposit for the agreed term. You may not withdraw all or part of a CD except as provided in this Agreement. At our discretion, we may allow you to withdraw all or part of your funds at times other than the grace period. We withdraw interest before principal. Each time we permit you to make an early withdrawal of principal; we may charge you an early withdrawal penalty. If your account has not earned enough interest to cover an early withdrawal penalty, we deduct any interest first and take the remainder of the penalty from your principal. If we are required to pay an amount from your CD (i.e. levy or garnishment), we may charge you an early withdrawal penalty, calculated on the amount withdrawn from the CD.
Early Withdrawal Penalty. We may impose a penalty if you withdraw from your account before the maturity date.
Early Withdrawal Penalty. We may impose a penalty if you withdraw any of the principal of your Certificate account before the maturity date.
Early Withdrawal Penalty. If you withdraw any principal from a Certificate before the maturity date, you will be assessed a penalty. The penalty will be equal to three months’ dividends on the amount withdrawn if the original term of the Certificate is one year or less, otherwise it will be equal to six months’ dividends. If the penalty exceeds the interest due at the time of such early withdrawal, the difference shall be deducted from the principal amount. No early withdrawal penalty will be assessed if the principal is withdrawn due to the death of any party to the Certificate.
Early Withdrawal Penalty. During the term of the Save to Win Certificate, you will be allowed to make a maximum of one
Early Withdrawal Penalty. On a Business CD account, we will impose a penalty if you withdraw any or all of the principal before the maturity date. You have contracted to keep your funds on deposit for the agreed term. You may not withdraw all or part of a CD except as provided in this Agreement. At our discretion, we may allow you to withdraw all or part of your funds at times other than the grace period. The penalty imposed will be determined by the following schedule based on the number of days in the stated term. Please note that the term of the CD is the specified period of time you agreed to leave your funds on deposit – not the time remaining until maturity of your CD. We calculate the early withdrawal penalty on the principal amount withdrawn. We withdraw interest before principal. If your account has not earned enough interest to cover an early withdrawal penalty, we deduct any interest first and take the remainder of the penalty from your principal. CD term of 6 thru 11 months, 90 days’ loss of interest, accrued or not; CD term of 12 thru 23 months, 180 days’ loss of interest, accrued or not; CD term of 24 thru 35 months, 12 months’ loss of interest, accrued or not; CD term of 36 thru 47 months, 18 months’ loss of interest, accrued or not; CD term of 48 months or greater, 24 months’ loss of interest, accrued or not. If we are required to pay an amount from your CD (i.e. levy or garnishment), we may charge you an early withdrawal penalty, calculated on the amount withdrawn from the CD.
Early Withdrawal Penalty. By purchasing a CD, you are contracting to keep the funds on deposit for a fixed period of time. In the event of withdrawal of all or any portion of a CD before its stated maturity date, an early withdrawal penalty will be imposed. The amount of the early withdrawal penalty varies with the term of the CD and the amount withdrawn. Information concerning the penalty is disclosed on a separate notice given to you when you purchase a CD. Early withdrawal penalties will normally be deducted from the interest that has accrued on the CD. However, a reduction in the principal sum of the CD may be required if a sufficient amount of interest has not accrued at the time of the withdrawal to pay the full amount of the early withdrawal penalty. The Bank makes no expressed, or implied agreement to pay a CD prior to its stated maturity. Consent by the Bank to pay a CD before maturity may be given only at the time you make a request for early withdrawal and are solely within the Bank’s discretion. No early withdrawal penalty will be imposed for early withdrawal if an owner of the CD is declared legally incompetent. Similarly, if an owner of the CD dies, no early withdrawal penalty will be assessed for early withdrawal if the request is made prior to the first renewal following the owner’s death.
Early Withdrawal Penalty. We may impose a penalty if you withdraw any of the principal (including dividends earned during previous term(s)) in your Account before the maturity date. The penalty will be an amount equal to ninety (90) days’ dividends on the amount of principal withdrawn from Accounts with terms of less than one year, or an amount equal to one hundred eighty (180) days’ dividends on the amount of principal withdrawn from Accounts with terms of one year or more (calculated using the dividend rate then in effect on the Account). This penalty may result in the loss of principal. This penalty may not be applied if the individual in whose name the Account was opened dies or is declared legally incompetent. RENEWAL POLICIES: Your certificate 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 Account without being charged an early withdrawal penalty. SECURED VISA SHARE CERTIFICATE ACCOUNTS RATE INFORMATION: You will be paid the disclosed rate until maturity. DIVIDEND COMPOUNDING AND CREDITING: Dividends will be compounded monthly and will be credited monthly, on the monthly anniversary date of the opening/renewal of your Account. If you close your Account before dividends are credited, you will not receive accrued dividends.
