Minimum balance to open - The minimum balance required to open this account is
$1,000.00. Deposit limitations - You may not make any deposits into your account before maturity.
Time requirements - This account matures 24 months after account opening.
Crediting frequency - Interest will be credited into this account monthly.
Withdrawal limitations - You may not make withdrawals of principal from your account before maturity. You can only withdraw interest before maturity if you make arrangements with us for periodic payments of interest in lieu of crediting. You can only withdraw interest credited in the term before maturity of that term. You can withdraw interest only on the crediting dates.
Early withdrawals - The penalty we may impose will equal 182 days interest on the amount withdrawn subject to penalty.
Automatically renewable account - Your account will automatically renew at maturity. Each renewal term will be the same as the original term, beginning on the maturity date. Unless we tell you otherwise in writing, the interest rate will be the same we offer on new certificate of deposit accounts on the maturity date which have the same term, minimum balance (if any) and other features as the renewed certificate of deposit account. You will have a grace period of ten calendar day(s) after maturity to withdraw the funds without being charged an early withdrawal penalty. You may prevent renewal if you withdraw the funds in the account at maturity (or within the grace period, if any) or we receive written notice from you before maturity of your intention not to renew.