Earns variable rate of interest, accrued daily, compounded quarterly. Earns variable rate of interest, accrued daily, compounded monthly. Interest is paid at maturity. Accrued interest is forfeited if closed early. The last day to deposit is the last business day in October.
Interest is paid at maturity.
Accrued interest is forfeited if closed early. In the event of an early redemption of a certificate, Bank will pay any accrued interest to the day of redemption and figure the penalty on the current principal balance of the certificate. There is no penalty for early withdrawal of a certificate due to death or medical emergency. IRA Certificate - Penalty based on age and IRS regulations.