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Regular CD
This type of account is available for terms ranging from 3 months to 5 years. You must deposit $500 to open this account, and you must maintain a minimum daily balance of $500 in the account each day to obtain the disclosed annual percentage yield. This account, which renews automatically at maturity, offers a 10-day grace period during which funds can be withdrawn without incurring a bank penalty. However, withdrawal penalties will apply to withdrawals of principal prior to maturity.
You may withdraw all credited interest without penalty until the maturity date and through the 10-day renewal grace period. Withdrawals of interest prior to maturity may reduce the yield. All interest left in the account at the time of renewal will become part of the new account principal and will no longer be subject to penalty-free withdrawal.
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