Certificate of Deposit Accounts. Interest on your CD may be credited to your CD, eChecking, savings or money market account; reinvested into your CD account (at renewal any available interest will become part of the principal balance); automatically transferred to another financial institution through ACH; or paid to you by check. Interest begins to accrue on the business day you make a deposit. Payment of interest on a CD account can be deferred until the following year on accounts with terms of one year or less. Annual Percentage Yield assumes interest remains on deposit until maturity. A withdrawal will reduce earnings.
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Samples: License Agreement, License Agreement, cms-assets.cit.com
