Common use of Term and Maturity Date Clause in Contracts

Term and Maturity Date. The term of your CD is the length of time you have agreed to leave your money on deposit. The term begins on the date you deposit the funds and ends on the maturity date stated. 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. After termination of 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 transmit funds to you by wire transfer.

Appears in 6 contracts

Samples: Account Agreement, Account Agreement, Account Agreement

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.