Withdrawal of Interest Prior to Maturity. The APY set forth in the Rate Schedule is based on an assumption that interest will remain in the Account until maturity. A withdrawal will reduce earnings. Interest accrued during any month may be withdrawn during that month without penalty. At the end of any month, if you elect to have interest retained in the Account rather than paid into another eligible account, any subsequent withdrawal of interest will be subject to early redemption penalties.
Appears in 3 contracts
Sources: Business Membership Account Agreement, Business Membership Account Agreement, Business Membership Account Agreement