Available Terms. The only initial term available for a Certificate of Deposit pledged as collateral for an OceanFirst Mortgage is two years. Assumes the interest remains on deposit until maturity. Penalties, service fees, transfers of interest to another account or paid by check will reduce the Annual Percentage Yield (APY).
Appears in 2 contracts
Sources: Savings and Certificates of Deposit Account Agreement, Savings and Certificates of Deposit Account Agreement