Common use of Account and Rate Clause in Contracts

Account and Rate. An authorized signer may establish a Certificate Account and/or a Long Term Certificate Account (we will refer to these as “Certificates”) by signing appropriate documentation and making the required minimum deposit. Certificates are savings accounts (also known as “Term Accounts”) that generally earn a higher rate of interest than other savings accounts. The interest rate and APY for Certificates are fixed. Once you purchase a Certificate, your interest rate will not be changed or recalculated during the term of that certificate. The APY assumes that interest earned will remain on deposit until maturity. A withdrawal from this account will reduce earnings (see the Rates and Fees Schedule for a list of fees). You may also contact our Member Services Team 800.664.3828 for rate information.

Account and Rate. An authorized signer may establish a Certificate Account and/or a Long Term Certificate Account (we will refer to these as “Certificates”) by signing appropriate documentation and making the required minimum deposit. Certificates are savings accounts (also known as “Term Accounts”) that generally earn a higher rate of interest than other savings accounts. The interest rate and APY for Certificates are fixed. Once you purchase a Certificate, your interest rate will not be changed or recalculated during the term of that certificate. The APY assumes that interest earned will remain on deposit until maturity. A withdrawal from this account will reduce earnings (see the Rates and Fees Schedule for a list of fees). You may also contact our Member member Services Team 800.664.3828 for rate information.

Account and Rate. An authorized signer may establish a Certificate Account and/or a Long Term Certificate Account (we will refer to these as “Certificates”) by signing appropriate documentation and making the required minimum deposit. Certificates are savings accounts (also known as “Term Accounts”) that generally earn a higher rate of interest than other savings accounts. The interest rate and APY for Certificates are fixed. Once you purchase a Certificate, your interest rate will not be changed or recalculated during the term of that certificate. The APY assumes that interest earned will remain on deposit until maturity. A withdrawal from this account will reduce earnings (see the Rates and Fees our Fee Schedule for a list of fees). You may also contact our Member Services Team 800.664.3828 for rate information. If a free-standing certificate is issued with respect to a Certificate Account or Long Term Certificate Account, the terms and conditions of that document shall take precedence over anything in this Agreement.