Common use of Time Deposit Clause in Contracts

Time Deposit. If your Account is a time deposit, you have agreed to keep the funds on deposit until the maturity of your Account. If your Account has not matured, any withdrawal of all or part of the funds from your Account may result in an early withdrawal penalty. We will consider requests for early withdrawal and if granted, the penalty provided in the Schedule will apply. (A)

Appears in 2 contracts

Sources: Deposit Account Agreement, Deposit Account Agreement