Interest paid is based on ledger balances.
We may change the interest rate on your account at anytime which will effect the Annual Percentage Yield. Withdrawal of interest will reduce earnings. Terms and interest rate will be quoted at the time of opening C.O.D. Interest rate fixed for term of contract. Interest may be paid by check, credited to the C.O.D. or credited to another account. Withdrawal before maturity may require penalty under law and may result in loss of principal to you.