Term and Maturity Date. A CD is a deposit account for a specified period of time. The term of the CD begins on the date you deposit the funds and ends on the maturity date, which is the last day of the period for which you have agreed to leave the money on deposit. If the maturity date falls on a Saturday, Sunday, or holiday, the next business day becomes the maturity date. The Bank will mail you a maturity notice 30 days prior to the maturity date of your CD. (No notice will be provided for any CD that has a term that is less than 30 days.) After termination of your CD and you choose not to renew your CD, we will pay your deposit to you by check or transfer the funds to another account at the Bank. If your entire deposit to the CD was by wire transfer, at your written request, we will pay the funds to you by wire transfer.
Appears in 10 contracts
Samples: Account Agreement and Disclosures, Account Agreement and Disclosures, Account Agreement and Disclosures
