This method applies a daily periodic rate to the principal in the account each day. Accrued interest will not be credited on accounts that are closed prior to their statement cycle date. Fees could reduce earnings on accounts. All accounts are variable rate accounts, with the exception of Fixed Rate Certificates of Deposit. As such, the interest rate and APY on all accounts, with the exception of Fixed Rate Certificates of Deposit, may change daily at our discretion.
Interest begins to accrue on the day of deposit.
The APY assumes that interest will remain on deposit until maturity. If interest is withdrawn prior to maturity, earnings will be reduced. Interest does not accrue on amounts withdrawn on the date of withdrawal. For Regular and Jumbo CDs with maturities of less than one year, APYs are based on compounding and payment of interest at maturity. For Regular and Jumbo CDs with maturities of one year or longer, APYs are based on compounding and payment of interest on a quarterly basis and at maturity.