Common use of Early Withdrawals Clause in Contracts

Early Withdrawals. You agree to keep your funds on deposit for the stated term of the account. At our discretion, we may allow you to withdraw all or part of your funds at times other than your grace period. When we permit you to make an early withdrawal, we may charge you an early withdrawal penalty. See the Fee Schedule for Business Accounts for details. We may waive the penalty in limited circumstances. Interest compounded and credited during the term of a CD may be withdrawn without penalty prior to the maturity of the CD. If we are required to pay an amount from your time deposit (e.g., a levy or court order), we may charge you an early withdrawal penalty based on the amount withdrawn from the account.