Interest is compounded semiannually on all certificates of one year or more.
On certificates of less than one year, interest will compound at maturity. On 7-Day Ready Access certificates, interest will be compounded at maturity. Early withdrawal of principle penalties vary with the term of the certificate. 182 Days or less - early withdrawal penalty will equal three months interest on the amount withdrawn. 183 Days or more - early withdrawal penalty will equal six months interest on the amount withdrawn.