Common use of Certificate of Deposit Clause in Contracts

Certificate of Deposit. Rate Information: This Account is an interest-bearing account. The interest rate and annual percentage yield are included in the Rate Chart. The interest rate and annual percentage yield will not change for the term of the account. The interest rate will be in effect for the term of the Certificate of Deposit. Interest begins to accrue on the business day you deposit noncash items (for example, checks). Interest will be compounded daily and will be credited quarterly We will deposit the interest into your account unless you designate otherwise. The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.

Certificate of Deposit. Rate Information: This Account is an interest-bearing account. The interest rate and annual percentage yield are included in the Rate Chart. The interest rate and annual percentage yield will not change for the term of the account. The interest rate will be in effect for the term of the Certificate of Deposit. Interest begins to accrue on the business day you deposit noncash items (for example, checks). Interest will be compounded daily and will be credited quarterly quarterly. We will deposit the interest into your account unless you designate otherwise. The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.