The maturity may be extended up to 5 months. An exellent way to earn a higher return on funds for a short period of time. Maturity may extend up to 5 months. The low minimum requirement makes this an affordable way to invest funds for a higher return. The short maturity term enables customers to take advantage of upward swings in market rates.
Interest is always available for penalty-free withdrawals.
Fixed for duration of term chosen. Fixed for duration of term chosen. 13 months to 60 months - penalty is 6 months' simple interest on amount withdrawn. Passbook is an excellent record for transactions and easy way to keep track of maturities. Fixed rate for duration of term chosen.