Withdrawal of Interest Prior to Maturity Sample Clauses

Withdrawal of Interest Prior to Maturity. The APY is based on an assumption that interest will remain in the CD until maturity. A withdrawal will reduce earnings. Earned interest may be withdrawn monthly without penalty by way of payment to you or by way of transfer to another one of your accounts at the Credit Union.
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Withdrawal of Interest Prior to Maturity. The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings. Automatically renewable time account – This account will automatically renew at maturity. You may prevent renewal if you withdraw the funds in the account at maturity (or within a 10 calendar day grace period) or we receive written notice from you. We can prevent renewal if we mail notice to you at least 30 calendar days before maturity. If either you or we prevent renewal, interest will not accrue after final maturity. Each renewal term will be the same as the original term except the following term specials will automatically renew at a new term, all beginning on the maturity date. RATE CHART Product Name Interest Rate Annual Percentage Yield Fixed Rate Certificate Term: Daily balances of $10.00 or more % % PLEASE SEE THE ATTACHED RATE SHEET FOR RATE INFORMATION. IF YOU RECEIVE THIS DISCLOSURE AT THE TIME YOU ARE INQUIRING ABOUT A WASHINGTON SAVINGS BANK CERTIFICATE OF DEPOSIT, THE FOLLOWING INFORMATION APPLIES: Interest rates and Annual Percentage Yield are current as of :  12 Month  18 Month  24 Month  36 Month  48 Month  60 Month  Other: Original Term Renewal Term 7 Month CD 6 Month CD This is a passbook format account. Compounding Frequency - Continuously for terms of 9 months or more. True simple interest under 9 months. Crediting Frequency - Interest will be credited to your account every month. Effect of closing an account - If you close your account before interest is credited, you will not receive the accrued interest Minimum Balance to Open/Renew Account - Certificates require a balance of at least $500.00. Minimum Balance to obtain the annual percentage yield disclosed - Certificates require a balance of at least $10.00. Daily Balance computation method - We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
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Withdrawal of Interest Prior to Maturity. The annual percentage yield is based on an assumption that interest will remain in the account until maturity. A withdrawal will reduce earnings.
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Withdrawal of Interest Prior to Maturity. The APY set forth in the Rate Schedule is based on an assumption that interest will remain in the Account until maturity. A withdrawal will reduce earnings. Interest accrued during any month may be withdrawn during that month without penalty. At the end of any month, if you elect to have interest retained in the Account rather than paid into another eligible account, any subsequent withdrawal of interest will be subject to early redemption penalties.
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Withdrawal of Interest Prior to Maturity. You may withdraw any accrued or credited interest during the term prior to maturity without penalty. The APY assumes that the interest remains on deposit until maturity. A withdrawal will reduce earnings.
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Withdrawal of Interest Prior to Maturity. The APY determined and disclosed on a CD assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.
Sample 1

Related to Withdrawal of Interest Prior to Maturity

  • Accrual of interest Each Note (or in the case of the redemption of part only of a Note, that part only of such Note) will cease to bear interest (if any) from the date for its redemption unless payment of principal is improperly withheld or refused. In such event, interest will continue to accrue until whichever is the earlier of:

  • Suspension; Acceleration of Maturity Section 5.01. The following are specified as additional events for suspension of the right of the Borrower to make withdrawals from the Loan Account for the purposes of Section 8.01(m) of the Loan Regulations:

  • Determination of Interest Rates for the LIBOR Floating Rate Classes The Interest Rates for the LIBOR Floating Rate Classes for each Interest Accrual Period shall be determined by Xxxxxx Xxx or the Paying Agent on the Index Determination Date in the month following the month in which the Settlement Date occurs and on each Index Determination Date thereafter so long as the LIBOR Floating Rate Classes are outstanding on the basis of LIBOR and the applicable formulae specified in the Prospectus Supplement or the Lower Tier Schedule, as the case may be. For any period during which LIBOR for any LIBOR Floating Rate Class is to be determined on the basis of the “LIBO Method” (as defined in the Prospectus), until such Class is paid in full, Xxxxxx Mae shall at all times retain at least four Reference Banks (as defined in the Prospectus). The Paying Agent and Xxxxxx Xxx shall have no liability or responsibility to any Person for (i) the selection of any Reference Bank for purposes of determining LIBOR or (ii) any inability to retain at least four Reference Banks which is caused by circumstances beyond their reasonable control. In determining LIBOR, any Interest Rate for the LIBOR Floating Rate Classes or any Reserve Interest Rate (as defined in the Prospectus), Xxxxxx Mae or the Paying Agent may conclusively rely and shall be protected in relying upon the rates or offered quotations (whether written, oral or disseminated by means of an electronic information system) provided by the sources specified in the Prospectus. Neither Xxxxxx Xxx nor the Paying Agent shall have any liability or responsibility to any Person for (i) the Paying Agent’s selection of New York City banks for purposes of determining any Reserve Interest Rate or (ii) its inability, following a good-faith reasonable effort, to obtain the applicable rates or quotations or to determine the arithmetic mean of such quotations, all as provided for in the Prospectus.

  • Maturity Date This Agreement shall continue in effect until the maturity date set forth on the Schedule (the "Maturity Date"), subject to Section 6.3 below.

  • Suspension; Cancellation; Acceleration of Maturity Section 5.01. The following are specified as additional events for suspension of the right of the Borrower to make withdrawals from the Loan Account for the purposes of Section 8.01(m) of the Loan Regulations:

  • Maturity As provided therein, the entire unpaid principal balance of each Note shall be due and payable on the Maturity Date thereof.

  • Interest on Floating Rate Notes (a) Interest Payment Dates Each Floating Rate Note bears interest from (and including) the Interest Commencement Date and such interest will be payable in arrear on either:

  • Withdrawal of Loan Proceeds 1. Except as ADB may otherwise agree, the following provisions of this Schedule shall apply to the withdrawal of Loan proceeds from the Loan Account.

  • Redemption at maturity Unless previously redeemed or purchased and cancelled as specified below, each Note will be redeemed by the Issuer at its Final Redemption Amount specified in the applicable Final Terms in the relevant Specified Currency on the Maturity Date specified in the applicable Final Terms.

  • Interest Rate Risk When the interest rate rises, the price of a fixed rate bond will normally drop. If investors want to sell their bond before it matures, they may get less than their purchase price.

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