Truth-in-Savings

idLOCK PLUS Checking

Rate information - The interest rate and annual percentage yield for this account are stated on the interest rate chart. idLOCK PLUS Checking accounts are variable rate accounts, subject to change weekly at the bank's discretion.
Tiered Rate: Variable Rate Based Upon Total Balance.  If your daily balance is:  $25,000.00 or more, an interest rate of _0.10__% will be paid only on that portion of your daily balance which is greater than $24,999.99 with an annual percentage yield on that tier in a range of 0.00 to 0.10% depending on the account balance. The interest rate and annual percentage yield may change.
Determination of Rate: At our discretion we may change the interest rate of your account.  Less than $25,000.00 the interest rate paid on the entire balance in your account will be _0.00__% with an annual percentage yield of _0.00___%.
Frequency of Rate Changes. We may change the interest rate on your account at any time.
Compounding Frequency. Interest will be compounded monthly.
Crediting Frequency. Interest will be credited to your account monthly. 
Minimum Balance Requirements:  To Open The Account. You must deposit $50.00 to open this account.
To Obtain The Annual Percentage Yield Disclosed. You must maintain a minimum balance of $25,000.00 in the account each day to obtain the disclosed annual percentage yield.
Balance Computation Method. We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day.  Accrual of Interest on Noncash Deposits. Interest begins to accrue on the business day you deposit noncash items (for example, checks).
Account Fees. A monthly fee of $7.00 is assessed every statement cycle if the minimum daily balance falls below $25,000.00 any day of the statement cycle. * Fees would reduce earnings on this account.
Subaccounts. Your account is a master deposit account which consists of two subaccounts: a transaction account and a non-transaction account. We will make internal transfers between these two subaccounts, however, that will have no effect on your account or your ability to use it. See your account agreement for additional information.
Eligibility. *You may only use checks approved by the bank*.
Effect of Closing an Account. If you close your account before interest is credited, you will not receive the accrued interest. If you close your account within 90 days of opening, you will be charged a $20.00 early close out fee.

idLOCK INTEREST Checking

Rate information - The interest rate and annual percentage yield for this account are stated on the interest rate chart. idLOCK PLUS Checking accounts are variable rate accounts, subject to change weekly at the bank's discretion.
Tiered Rate: Variable Rate Based Upon Total Balance.  If your daily balance is:  $ 20,000.00 or more, the interest rate paid on the entire balance in your account will be _0.10__% with an annual percentage yield of _0.10___%. Your interest rate and annual percentage yield may change. Determination of Rate: At our discretion we may change the interest rate of your account.  Less than $ 20,000.00 and greater than or equal to $2,500.00, the interest rate paid on the entire balance in your account will be _0.05__% with an annual percentage yield of _0.05___%.  Your interest rate and annual percentage yield may change. Determination of Rate: At our discretion we may change the interest rate of your account.
Frequency of Rate Changes. We may change the interest rate on your account at any time. 
Compounding Frequency. Interest will be compounded monthly.
Crediting Frequency. Interest will be credited to your account monthly.
Minimum Balance Requirements:  To Open The Account. You must deposit $50.00 to open this account.
To Obtain The Annual Percentage Yield Disclosed. You must maintain a minimum balance of $2,500.00 in the account each day to obtain the disclosed annual percentage yield.
Balance Computation Method. We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Accrual of Interest on Noncash Deposits. Interest begins to accrue on the business day you deposit noncash items (for example, checks).
Account Fees. A monthly fee of $5.00 is assessed every statement cycle if the minimum daily balance falls below $15,000.00 any day of the statement cycle. * Fees would reduce earnings on this account.
Subaccounts. Your account is a master deposit account which consists of two subaccounts: a transaction account and a non-transaction account. We will make internal transfers between these two subaccounts, however, that will have no effect on your account or your ability to use it. See your account agreement for additional information.
Eligibility. *You may only use checks approved by the bank*.
Effect of Closing an Account. If you close your account before interest is credited, you will not receive the accrued interest. If you close your account within 90 days of opening, you will be charged a $20.00 early close out fee.

idLOCK SENIOR Checking

Minimum Balance Requirements.  To open the account: you must deposit $50.00 to open this account.
Account Fees. A $4.00 monthly fee is assessed every statement cycle.
Subaccounts. Your account is a master deposit account which consists of two subaccounts: a transaction account and a non-transaction account. We will make internal transfers between these two subaccounts, however, that will have no effect on your account or your ability to use it. See your account agreement for additional information.
Eligibility. *You may only use checks approved by the bank*.
Effect of Closing an Account. If you close your account within 90 days of opening, you will be charged a $20.00 early close out fee.

idLOCK STANDARD Checking

Minimum Balance Requirements:  To open the account: You must deposit $50.00 to open this account.
Account Fees. A $4.00 monthly fee is assessed every statement cycle.
Subaccounts. Your account is a master deposit account which consists of two subaccounts: a transaction account and a non-transaction account. We will make internal transfers between these two subaccounts, however, that will have no effect on your account or your ability to use it. See your account agreement for additional information.
Eligibility. *You may only use checks approved by the bank*.
Effect of Closing an Account. If you close your account within 90 days of opening, you will be charged a $20.00 early close out fee.

BASIC Checking

Minimum Balance Requirements: To open the account you must deposit $50.00 to open this account.
Account Fees. None when electronic statement delivery is chosen. A $2.00 paper statement fee applies when paper statement delivery is chosen.
Subaccounts. Your account is a master deposit account which consists of two subaccounts: a transaction account and a non-transaction account. We will make internal transfers between these two subaccounts, however, that will have no effect on your account or your ability to use it. See your account agreement for additional information.
Eligibility. *You may only use checks approved by the bank*.
Effect of Closing an Account. If you close your account within 90 days of opening, you will be charged a $20.00 early close out fee.

Fresh Start Checking

Minimum Balance Requirements: To open the account you must deposit $50.00 to open this account.
Account Fees. An $8.95 monthly fee is assessed every statement cycle. A $2.00 discount applies if direct deposit is chosen.  To qualify for this discount, you must receive at least a $50.00 direct deposit every statement cycle.  Free electronic statements are available however, a $2.00 paper statement fee applies when paper statement delivery is chosen.  
Subaccounts. Your account is a master deposit account which consists of two subaccounts: a transaction account and a non-transaction account. We will make internal transfers between these two subaccounts, however, that will have no effect on your account or your ability to use it. See your account agreement for additional information.
Eligibility. *You may only use checks approved by the bank*.
Effect of Closing an Account. If you close your account within 90 days of opening, you will be charged a $20.00 early close out fee.

Fresh Start Basic

Minimum Balance Requirements: To open the account you must deposit $50.00 to open this account.
Account Fees. An $8.95 monthly fee is assessed every statement cycle. A $2.00 discount applies if direct deposit is chosen.  To qualify for this discount, you must receive at least a $50.00 direct deposit every statement cycle.  Free electronic statements are available however, a $2.00 paper statement fee applies when paper statement delivery is chosen.  
Subaccounts. Your account is a master deposit account which consists of two subaccounts: a transaction account and a non-transaction account. We will make internal transfers between these two subaccounts, however, that will have no effect on your account or your ability to use it. See your account agreement for additional information.
Eligibility. You may not write checks or have check writing privileges on this account.
Effect of Closing an Account. If you close your account within 90 days of opening, you will be charged a $20.00 early close out fee.

Money Market Deposit Account

Rate information - The interest rate and annual percentage yield for this account are stated on the interest rate chart. Money Market Deposit Accounts are variable rate accounts, subject to change weekly at the bank's discretion.
Interest information - Interest is compounded and credited monthly. Interest is calculated using the daily balance method, which computes interest by applying a periodic rate to the principal balance in the account each day. Interest begins to accrue on the day of deposit. If you close your account before interest is credited, you will not receive the accrued interest.
Minimum balance requirements - The minimum amount to open this account and earn the APY is $1000.00. A Monthly Fee of $8.00 is assessed every monthly statement cycle if the minimum daily balance falls below $1000.00 any day of the statement cycle.  Fees could reduce earnings on this account.
Effect of Closing an Account. If you close your account before interest is credited, you will not receive the accrued interest. If you close your account within 90 days of opening, you will be charged a $20.00 early close out fee.
Transaction limitations - Transfers from a Money Market Deposit Account to another account or to third parties by preauthorized, automatic, telephone transfer, checks, drafts, debit card, or through Internet Banking are limited to six per statement cycle.
The minimum amount of a check or transfer is $100.00. *You may only use checks approved by the bank*.

Indexed Money Market Deposit Account

Rate information - The interest rate, tier and annual percentage yield for this account are stated on the interest rate chart. This is a variable rate account subject to change weekly.  Interest rate is based on the upper limit of the federal funds target rate range (Index) set by the Federal Open Market Committee and published by the Federal Reserve.

• Top Tier.  Interest rate is based on the upper limit of the federal funds target rate range (Index) set by the Federal Open Market Committee and published by the Federal Reserve.  Interest rate will be calculated by subtracting a maximum of 1.00% from the Index if your balance is greater than or equal to $1,000,000.

• Intermediate Tier. Interest rate is based on the upper limit of the federal funds target rate range (Index) set by the Federal Open Market Committee and published by the Federal Reserve. The Intermediate Tier interest rate will be calculated by subtracting a maximum of 1.25% from the Index if your balance is greater than or equal to $500,000 but less than $1,000,000.

•Second Intermediate Tier. Interest rate is based on the upper limit of the federal funds target rate range (Index) set by the Federal Open Market Committee and published by the Federal Reserve. The Second Intermediate Tier interest rate will be calculated by subtracting a maximum of 1.40% from the Index if your balance is greater than or equal to $250,000 but less than $500,000.

• Third Intermediate Tier. Interest rate is based on the upper limit of the federal funds target rate range (Index) set by the Federal Open Market Committee and published by the Federal Reserve. The Third Intermediate Tier interest rate will be calculated by subtracting a maximum of 1.50% from the Index if your balance is greater than or equal to $100,000 but less than $250,000.

• Fourth Intermediate Tier. Interest rate is based on the upper limit of the federal funds target rate range (Index) set by the Federal Open Market Committee and published by the Federal Reserve. The Fourth Intermediate Tier interest rate will be calculated by subtracting a maximum of 1.65% from the Index if your balance is greater than or equal to $50,000 but less than $100,000.

• Fifth Intermediate Tier. Interest rate is based on the upper limit of the federal funds target rate range (Index) set by the Federal Open Market Committee and published by the Federal Reserve. The Fifth Intermediate Tier interest rate will be calculated by subtracting a maximum of 1.75% from the Index if your balance is greater than or equal to $25,000 but less than $50,000. 

• Sixth Intermediate Tier. If your daily balance is less than $ 25,000.00 and greater than or equal to $ 10,000.00, the interest rate on the entire balance in your account will be 0.15% with an annual percentage yield of 0.15%. Your interest rate and annual percentage yield may change.
Determination of Rate. At our discretion, we may change the interest rate on your account.

• Bottom Tier. If your daily balance is less than $ 10,000.00 and greater than or equal to $ 1,000.00, the interest rate on the entire balance in your account will be 0.10% with an annual percentage yield of 0.10%. Your interest rate and annual percentage yield may change.

Determination of Rate. At our discretion, we may change the interest rate on your account.
Interest information - Interest is compounded and credited monthly. Interest is calculated using the daily balance method, which computes interest by applying a periodic rate to the principal balance in the account each day. Interest begins to accrue on the day of deposit. If you close your account before interest is credited, you will not receive the accrued interest.
Minimum balance requirements - The minimum amount to open this account and earn the APY is $1000.00. A Monthly Fee of $12.00 is assessed every monthly statement cycle if the minimum daily balance falls below $5,000.00 any day of the statement cycle. Fees could reduce earnings on this account.
Effect of Closing an Account. If you close your account before interest is credited, you will not receive the accrued interest. If you close your account within 90 days of opening, you will be charged a $20.00 early close out fee.
Transaction limitations - Transfers from an Indexed Money Market Fund to another account or to third parties by preauthorized, automatic, telephone transfer, checks, drafts, debit card, or through Internet Banking are limited to six per statement cycle. The bank reserves the right to require at least seven days notice prior to withdrawal. *You may only use checks approved by the bank*.

Non-Personal Interest Checking

Rate information - The interest rate and annual percentage yield for this account are stated on the interest rate chart. Non-Personal Interest Checking accounts are variable rate accounts, subject to change weekly at the bank's discretion.
Interest information - Interest is compounded and credited monthly. Interest is calculated using the daily balance method, which computes interest by applying a periodic rate to the principal balance in the account each day. Interest begins to accrue on the day of deposit. If you close your account before interest is credited, you will not receive the accrued interest.
Minimum balance requirements - The minimum amount to open this account and earn the APY is $1000.00. A Monthly Fee of $8.00 is assessed every statement cycle if the balance falls below $1000.00 any day of the statement cycle. Fees could reduce earnings on this account. The Juniata Valley Bank reserves the right to require at least seven days notice prior to withdrawal from an interest bearing account.

Health Savings Account

Rate information - The interest rate and annual percentage yield for this account are stated on the interest rate chart. Health Savings Accounts are variable rate accounts, subject to change weekly at the bank's discretion.
Interest information - Interest is compounded and credited monthly. Interest is calculated using the daily balance method, which computes interest by applying a periodic rate to the principal balance in the account each day. Interest begins to accrue on the day of deposit. If you close your account before interest is credited, you will not receive the accrued interest.
Effect of Closing an Account:  If you close your account within 90 days of opening, you will be charged a $20.00 early close out fee.
Minimum balance requirements - There is no minimum amount to open this account and no monthly fee.  The Juniata Valley Bank reserves the right to require at least seven days notice prior to withdrawal from an interest bearing account.
Eligibility - A Health Savings Check Kit must be purchased from the bank at the current market price. Pricing is subject to change. See your Juniata Valley Bank Customer Service Representative for details. The maximum you may contribute each calendar year is set by the IRS. Other restrictions apply to this type of account.  Please reference the Health Savings Account Custodial Agreement for details.  You may only use checks approved by the bank.

Statement Savings

Rate information - The interest rate and annual percentage yield for this account are stated on the interest rate chart. The Statement Savings account is a variable rate account, subject to change weekly at the bank's discretion.
Determination of rate: At our discretion, we may change the interest rate on your account.
Frequency of Rate Changes:  We may change the interest rate on our account at any time.
Interest information - Interest is compounded daily and credited monthly. Interest is calculated using the daily balance method, which computes interest by applying a periodic rate to the principal balance in the account each day. Interest begins to accrue on the day of deposit. If you close your account before interest is credited, you will not receive the accrued interest.
Minimum balance requirements - The minimum balance to open this account and earn the APY is $100.00. A monthly fee of $5.00 per month is assessed if the minimum daily balance falls below $100.00 any day of the month. A dormant account fee of $5.00 per month is assessed if there has not been any account activity for a period of one year. Fees could reduce earnings on this account.
Effect of Closing an Account:  If you close your account within 90 days of opening, you will be charged a $20.00 early close out fee.
Transaction limitations - Transfers from a Statement Savings Account to another account or to third parties by preauthorized, automatic, telephone transfer, checks, drafts, debit card, or through Internet Banking are limited to six per statement cycle. Unlimited withdrawals are permitted at an ATM or in person. The bank reserves the right to require at least seven days notice prior to withdrawal.

Holiday Club

Rate information - The interest rate and annual percentage yield for this account are stated on the interest rate chart. The Holiday Club is a variable rate account, subject to change weekly at the bank's discretion.
Interest information - Interest is compounded daily and credited at maturity. Interest is calculated using the daily balance method, which computes interest by applying a periodic rate to the principal balance in the account each day. Interest begins to accrue on the day of deposit. If you close your account within 999 days of opening, you will not receive accrued interest and will be assessed a $10.00 early close out fee.
Minimum balance requirements - The minimum balance to open this account is $1.00
Transaction limitations - Clubs open annually during October. Payments can be made until October of the following year, and checks will be mailed following the final payment date.

Direct Deposit II

Eligibility:  This account is limited to Direct Deposits of recurring government benefits & payments.
No minimum balance requirements; available to those with direct deposit of recurring government benefits and payments.
No checks will be issued or honored on this account and no additional deposits may be made to this account.
Purchase of pre-encoded withdrawal tickets from the Juniata Valley Bank at a cost of $15.00 per 30 tickets is required. Price is subject to change.
Three withdrawals per statement cycle allowed at no charge; additional withdrawals are charged a $1.00 transaction fee at the time of withdrawal.
Withdrawal requests with no pre-encoded withdrawal ticket present are charged a $1.00 service fee per transaction.
Effect of Closing an Account.  If you close your account within 90 days of opening, you will be charged a $20.00 early close out fee.

Certificates of Deposit (Time Deposit)

Rate information - The interest rate and annual percentage yield for this account are stated on the interest rate chart. The interest rate and annual percentage yield (assuming interest remains on deposit until maturity) are guaranteed for the term of the CD.
Interest information - On CDs with add-back option (interest remaining on deposit until maturity), interest is compounded and credited quarterly. Stated Annual Percentage Yield assumes interest remains on deposit until maturity, and withdrawal of interest will reduce earnings. Interest is calculated using the daily balance method, which applies a daily periodic rate to the principal in the account each day. Interest on all CDs begins to accrue on the day of deposit. If you close your account before interest is credited, you will receive the accrued interest.
Minimum balance requirements - The minimum amount to open a Certificate of Deposit and to obtain the annual percentage yield disclosed is $1000.00.
Transaction limitations - Deposits and withdrawals to the principal of the account cannot be made during the term of the Certificate. Interest may be withdrawn monthly on deposits of $15,000.00 or more, quarterly, semi-annually, or annually. You can withdraw interest on the anniversary date of the interest frequency chosen. A withdrawal of interest before maturity will reduce earnings.
Early withdrawal penalty - Early withdrawal of principal prior to the maturity date will result in substantial penalties as follows:  Term of 90 Days - 14 Months will result in the loss of 30 days' interest on the principal amount withdrawn; Term of 15 Months - 35 Months will result in the loss of 90 days' interest on the principal amount withdrawn; Term of 36 Months - 60 Months & 90 Months will result in the loss of 180 days' interest on the principal amount withdrawn; Term of 84 Months will result in the loss of 360 days' interest on the principal amount withdrawn.  We will impose a penalty of seven days' interest when principal is withdrawn during the first six days after the initial deposit.   The interest rate we will use to calculate the interest forfeiture will be the rate in effect on your account at the time of withdrawal. We reserve the right to treat any withdrawal which would reduce the balance remaining in the account below the required minimum initial deposit or minimum balance as a withdrawal of the entire account balance and calculate the amount of the penalty accordingly.
Renewal policy - Certificates of Deposit will automatically renew at maturity. The automatic renewal provides a 10-day grace period immediately following the date of maturity during which the investor can withdraw funds without a penalty. This account will not renew if you withdraw the funds on the maturity date or if we receive written notice from you on or before the maturity date of your intention not to renew. We can prevent renewal if we mail notice to you at least 30 days before maturity. Interest will not be paid on the principal balance during the grace period if the Certificate is redeemed during this period. Each renewal term will be the same as the original term, beginning on the maturity date unless we notify you in writing, before the maturity date, of the different terms for renewal. The interest rate will be the most recent rate quoted for the specific term of the Certificate of Deposit.

Flex Rate Certificate of Deposit (Time Deposit)

Rate information - The interest rate and annual percentage yield for this account are stated on the interest rate chart. This is a special Certificate of Deposit, which allows the customer to change the rate one time during the term. This rate change is based on the most recently quoted rate for the term and is at the sole discretion of the customer. This request must be in writing and will be effective on the next business day after the written request is received by the Bank.
Interest information - On CDs with add-back option (interest remaining on deposit until maturity), interest is compounded and credited quarterly. Stated Annual Percentage Yield assumes interest remains on deposit until maturity, and withdrawal of interest will reduce earnings. Interest is calculated using the daily balance method, which applies a daily periodic rate to the principal in the account each day. Interest begins to accrue on the day of deposit. If you close your account before interest is credited, you will receive the accrued interest.
Minimum balance requirement - The minimum amount to open this account and obtain the annual percentage yield disclosed is $1000.00.
Transaction limitations - Deposits and withdrawals to the principal of the account cannot be made during the term of the Certificate. Interest may be withdrawn monthly on deposits of $15,000.00 or more, quarterly, semi-annually, or annually. You can withdraw interest on the anniversary date of the interest frequency chosen. A withdrawal of interest before maturity will reduce earnings.
Early withdrawal penalty - We will impose a penalty if you withdraw any of the deposited funds before the maturity date. We will impose a penalty of seven days' interest if the withdrawal is made within the first six days after the deposit. Early withdrawal results in the loss of 90 days interest on the amount withdrawn. The interest rate we will use to calculate the interest forfeiture will be the rate in effect on your account at the time of withdrawal. We reserve the right to treat any withdrawal which would reduce the balance remaining in the account below the required minimum initial deposit or minimum balance as a withdrawal of the entire account balance and calculate the amount of the penalty accordingly.
Renewal policy - This Certificate of Deposit will automatically renew at maturity to a 24 month Certificate of Deposit. The automatic renewal provides a ten-day grace period immediately following the date of maturity during which the investor can withdraw funds without a penalty. This account will not renew if you withdraw the funds on the maturity date or if we receive written notice from you on or before the maturity date of your intention not to renew. We can prevent renewal if we mail notice to you at least 30 days before maturity. Interest will not be paid on the principal balance during the grace period if the Certificate is redeemed during this period. Each renewal term will be the same as the original term, beginning on the maturity date unless we notify you in writing, before the maturity date, of the different terms for renewal. The interest rate will be the most recent rate quoted for the specific term of the Certificate of Deposit.

Growth Certificate of Deposit (Time Deposit) - 12 month term

Rate information - The interest rate and annual percentage yield for this account are stated on the interest rate chart. The interest rate and annual percentage yield will be determined at the bank's discretion based on the following tiers: Tier 1: $100-$999.99. Tier 2: $1,000-$9,999.99. Tier 3: $10,000 and over. This is a variable rate account subject to change at the bank's discretion.
Interest information - Interest is compounded and credited quarterly. Stated Annual Percentage Yield assumes interest remains on deposit until maturity, and withdrawal of interest will reduce earnings. Interest is calculated using the daily balance method, which applies a daily periodic rate to the principal in the account each day. Interest on all CDs begins to accrue on the day of deposit. If you close your account before interest is credited, you will receive the accrued interest.
Minimum balance requirements - The minimum amount to open the Growth Certificate of Deposit and to obtain the annual percentage yield disclosed is $100.00.
Transaction limitations - Deposits may be made to this account in any amount at any time. You may have automatic deposits made from any checking or savings account. Interest will remain on deposit until maturity. You may withdraw at maturity without closing the account. The balance may not go below $100.00.
Early withdrawal penalty - We will impose a penalty if you withdraw any of the deposited funds before the maturity date. We will impose a penalty of seven days' interest if the withdrawal is made within the first six days after the deposit. Early withdrawal will result in the loss of 30 days interest on the amount withdrawn. The interest rate we will use to calculate the interest forfeiture will be the rate in effect on your account at the time of withdrawal. We reserve the right to treat any withdrawal which would reduce the balance remaining in the account below the required minimum initial deposit as a withdrawal of the entire account balance and calculate the amount of the penalty accordingly.
Renewal policy - Certificates of Deposit will automatically renew at maturity. The automatic renewal provides a ten-day grace period immediately following the date of maturity during which the investor can withdraw funds without a penalty. This account will not renew if you withdraw the balance on the maturity date or if we receive written notice from you on or before the maturity date of your intention not to renew. We can prevent renewal if we mail notice to you at least 30 days before maturity. Interest will not be paid on the principal balance during the grace period if the Certificate is redeemed during this period. Each renewal term will be the same as the original term, beginning on the maturity date unless we notify you in writing, before the maturity date, of the different terms for renewal. The interest rate will be the most recent rate quoted for the specific term of the Certificate of Deposit.

IRA Certificates of Deposit (IRA Time Deposit)

Rate information - The interest rate and annual percentage yield for this account are stated on the interest rate chart. The interest rate and annual percentage yield (assuming interest remains on deposit until maturity) are guaranteed for the term of the CD.
Interest information - On CDs with add-back option (interest remaining on deposit until maturity), interest is compounded and credited quarterly. Stated Annual Percentage Yield assumes interest remains on deposit until maturity, and withdrawal of interest will reduce earnings. Interest is calculated using the daily balance method, which applies a daily periodic rate to the principal in the account each day. Interest on all CDs begins to accrue on the day of deposit. If you close your account before interest is credited, you will receive the accrued interest.
Minimum balance requirements - The minimum amount to open a Certificate of Deposit and to obtain the annual percentage yield disclosed is $1000.00.
Transaction limitations - Deposits and withdrawals to the principal of the account cannot be made during the term of the Certificate. Interest may be withdrawn monthly on deposits of $15,000.00 or more, quarterly, semi-annually, or annually. You can withdraw interest on the anniversary date of the interest frequency chosen. A withdrawal of interest before maturity will reduce earnings.
Early withdrawal penalty - Early withdrawal of principal prior to the maturity date will result in substantial penalties as follows:  Term of 90 Days - 14 Months will result in the loss of 30 days' interest on the principal amount withdrawn; Term of 15 Months - 35 Months will result in the loss of 90 days' interest on the principal amount withdrawn; Term of 36 Months - 60 Months & 90 Months will result in the loss of 180 days' interest on the principal amount withdrawn; Term of 84 Months will result in the loss of 360 days' interest on the principal amount withdrawn.  We will impose a penalty of seven days' interest when principal is withdrawn during the first six days after the initial deposit.   The interest rate we will use to calculate the interest forfeiture will be the rate in effect on your account at the time of withdrawal. We reserve the right to treat any withdrawal which would reduce the balance remaining in the account below the required minimum initial deposit or minimum balance as a withdrawal of the entire account balance and calculate the amount of the penalty accordingly.
Renewal policy - Certificates of Deposit will automatically renew at maturity. The automatic renewal provides a 10-day grace period immediately following the date of maturity during which the investor can withdraw funds without a penalty. This account will not renew if you withdraw the funds on the maturity date or if we receive written notice from you on or before the maturity date of your intention not to renew. We can prevent renewal if we mail notice to you at least 30 days before maturity. Interest will not be paid on the principal balance during the grace period if the Certificate is redeemed during this period. Each renewal term will be the same as the original term, beginning on the maturity date unless we notify you in writing, before the maturity date, of the different terms for renewal. The interest rate will be the most recent rate quoted for the specific term of the Certificate of Deposit.