We can also prevent automatic renewal if we notify you in writing 30 days before a maturity date that we do not intend to renew this account. If you prevent automatic renewal, no dividend will accrue after the maturity date.
Unless you notify us in writing either before the maturity date or within a grace period of 10 calendar days after the maturity date this certificate of deposit will renew for a new term as long as the original term and at the rate then in effect at United Credit Union for similarly issued Share Savings Certificates of Deposits of like term. If we permit such a withdrawal, you will have to pay a penalty the greater of 365 days interest or $50.Īutomatic Renewal: Share Savings Certificates of Deposit will automatically renew on the maturity date. Interest begins to accrue on the business day you deposit any non-cash item (for example, checks).Įarly Withdrawal Penalty: You may not withdraw any principal amount from this Share Savings Certificate of Deposit before maturity without our consent. The annual percentage yield assumes that interest remains on deposit until maturity. The stated rate will be paid until the first maturity date of the Share Savings Certificate of Deposit. Disclosure for Share Savings and IRA Certificates of Deposit
