Automatically Renewable Account. This Account will automatically renew at maturity. You may prevent renewal if you withdraw the funds in the Account at maturity (or within the grace period mentioned below) or, we receive written notice from you within the grace period mentioned below. We can prevent renewal if we mail notice to you at least 30 calendar days before maturity. If either you or we prevent renewal, dividends will not accrue after final maturity. Each renewal term will be the same as the original term, beginning on the maturity date. The dividend rate will be the same we offer on new certificates on the maturity date which have the same term, minimum balance, if any, and other features as the original certificate. You will have a grace period of seven calendar days after maturity to withdraw the funds without being charged an early withdrawal penalty. These are the Accounts you have opened or inquired about. Further details about these Accounts are in this Agreement. The dividend rate and annual percentage yield are for the current dividend period. At the Credit Union’s discretion, we may change the dividend rate and annual percentage yield on your Account at any time. With a minimum daily balance of $300, the prospective dividend rate on your Account is % with a prospective annual percentage yield of %.
Appears in 2 contracts
Sources: Important Account Information Agreement, Important Account Information Agreement