Interest will be credited to your account or paid to you monthly, quarterly, semi-annually, annually, at maturity or as agreed upon. the annual percentage yield (apy) assumes that interest remains on deposit until maturity. A withdrawal will reduce earnings. After the account is opened, you may not make any deposits into or withdrawals from the principal in the account until the maturity date. Iinterest begins to accrue on the business day you deposit any noncash item (for example, checks).

Variable Rate Certificates
Your interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on your account at any time. There is a penalty for early withdrawal.

Maturity of 7-31 days — the greater of

1. all interest earned on the amount withdrawn from the most recent of the date of deposit or last renewal, or
2. all interest that could have been earned on the amount withdrawn during a period equal to one-half the maturity period, or
3. an amount at least equal to 7 days interest earned.

Maturity of 32 days or up to one year - an amount at least equal to one month of interest or that could have been earned.
Maturity of more than one year - an amount at least equal to three month's of interest earned or that could have been earned.

Renewal Policy
If your certificate is single maturity and does not automatically renew, present it promptly at maturity as no interest is payable after the maturity date.
If your certificate will automatically renew, you will have a grace period of 10 days from maturity date to present this certificate for payment without penalty.
If the certificate automatically renews, it will be renewed at the rate in effect at this institution on the date of maturity.

note:
* (see rate chart) for time increments on IRA certificates of deposit