After the account is opened, you may not make deposits into or withdrawals from the account until maturity. Interest payable monthly, quarterly, annually, or at maturity, depending on term selected. A withdrawal will reduce earnings. A penalty may be imposed for early withdrawal. The annual percentage yield assumes interest remains on deposit until maturity.
Interest is compounded daily and credited quarterly.
Interest begins to accrue on the business day you deposit any noncash item. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. After the account is opened, you may not make deposits into or withdrawals from the account until maturity. A withdrawal will reduce earnings.