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Time Certificates of Deposit
  • Designed for specific Investment periods with higher rates of interest. Rates are fixed for the selected time period from 30 days to 3 years. Interest is compounded daily and may be paid monthly or quarterly by check, or credited to a checking or savings account at this bank.
Account Information:

Minimum Opening Deposit
$1,000.00
Penalty for early withdrawal for original terms of one year or less
31 days
Penalty for early withdrawal for original terms over one year
90 days
Automatically Renewable
Optional

*Note: A penalty for early withdrawal will be assessed even if it requires the reduction of the principal amount.

To Open an Account:

 

 


Bank of Whittier, C.A. Member FDIC . Equal Housing Lender
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Exceptions. We may let you withdraw money from your Account before the Maturity Date
without an early withdraw penalty: (1) when one or more of you dies or is determined legally
incompetent by a court or other administrative body of competent jurisdiction; or (2) when
the Account is an Individual Retirement Account (IRA) established in accordance with 26
USC 408 and the money is paid within seven (7) days after the Account is opened; or (3)
when the Account is a Keogh Plan (Keogh), if you forfeit at least the interest earned on the
withdrawn funds; or (4) if the Account is an IRA or a Keogh Plan established pursuant to 26
USC 408 or 26 USC 401, when you reach age 59 1/2 or become disabled; of (5) within an
applicable grace period of 10 days after the Maturity Date.