Certificate Account Early Withdrawal Penalties

If a withdrawal of principal of your certificate account is made prior to the maturity date of the certificate, the early withdrawal penalty will be equal to the lesser amount as follows:

If the certificate account term is 3 months:

• 30 days of accrued dividends;  or
• all accrued dividends since the date of issuance or renewal not to be less than 7 days’ dividends on a new account.

If the certificate account term is 6 & 8 months:

• 60 days of accrued dividends;  or
• all accrued dividends since the date of issuance or renewal not to be less than 7 days’ dividends on a new account.

If the certificate account term is 12 months:

• 90 days of accrued dividends;  or
• all accrued dividends since the date of issuance or renewal not to be less than 7 days’ dividends on a new account.

If the certificate account term is 24 months:

• 120 days of accrued dividends;  or
• all accrued dividends since the date of issuance or renewal not to be less than 7 days’ dividends on a new account.

If the certificate account term is 36 months:

• 180 days of accrued dividends;  or
• all accrued dividends since the date of issuance or renewal not to be less than 7 days’ dividends on a new account.

If the certificate account term is 48 months:

• 270 days of accrued dividends;  or
• all accrued dividends since the date of issuance or renewal not to be less than 7 days’ dividends on a new account.

If the certificate account term is 60 months:

• 360 days of accrued dividends;  or
• all accrued dividends since the date of issuance or renewal not to be less than 7 days’ dividends on a new account.

Accrued dividends, if applicable, will be credited prior to penalties being applied.