• Interest will be credited to your account or paid to you monthly, quarterly, semi-annually, annually, at maturity or as agreed upon.
• The annual percentage yield (APY) assumes that interest remains on deposit until maturity. A withdrawal will reduce earnings.
• After the account is opened, you may not make any deposits into or withdrawals from the principal in the account until the maturity date.
• Interest begins to accrue on the business day any cash or non-cash items are deposited.

Penalty for Early Withdrawl

90 days interest penalty calculated on the principal amount of the certificate for certificates with a maturity of less than one year.
180 days interest penalty calculated on the principal amount of the certificate for certificates with a maturity of one year or more.

Renewal Policy

If your certificate is SINGLE MATURITY and does not automatically renew, present it PROMPTLY at maturity as no interest is payable after the maturity date.
If your certificate will AUTOMATICALLY RENEW, you will have a grace period of 10 days from maturity date to present this certificate for payment without penalty. IT WILL BE RENEWED AT THE RATE IN EFFECT AT THIS INSTITUTION ON THE DATE OF MATURITY.
Method of Computation . . . . . . . . . . . . . . . Daily Balance*

*The Daily Balance is determined by the application of a daily periodic rate to the full amount of principal in the account each day.

Rate sheet posted in Greensboro and Union Point Offices.