온라인 홉 프리퍼드 정기예금

• Interest will not be compounded.
• Interest will be credited to your account at maturity. If the term is over 1 year, interest must be credited at least annually.
• Accrual of interest begins on the business day you deposit noncash items (i.e. checks).
• The daily balance method is used to calculate the interest on your account. This method applies a daily periodic rate (annual interest rate divided by 365, or 366 in a leap year) to the principal in the account each day.
• If you close your account before interest is credited, you will receive the accrued interest.

• Interest rate is fixed for the term until the maturity date.
• The minimum balance of $1,000.00 is required to obtain the stated Annual Percentage Yield (APY) and maintain the account.
• The APY assumes that interest remains on deposit until maturity. A withdrawal will reduce earnings.
• The interest rate and APY indicated below are accurate as of 1/18/2023.
  The interest rate is 4.25% with an APY of 4.32% for 3 Month term.
  The interest rate is 4.25% with an APY of 4.30% for 6 Month term.
  The interest rate is 4.25% with an APY of 4.28% for 8 Month term.
  The interest rate is 4.25% with an APY of 4.25% for 12 Month term.
  The interest rate is 4.00% with an APY of 4.01% for 18 Month term.
  The interest rate is 3.60% with an APY of 3.60% for 24 Month term.
  The interest rate is 3.40% with an APY of 3.40% for 36 Month term.
  The interest rate is 3.20% with an APY of 3.20% for 48 Month term.
  The interest rate is 3.00% with an APY of 3.00% for 60 Month term.

• You may not make any deposits into your account during the term.
• You may not make any partial withdrawals during the term.
• The accrued interest during a term may be withdrawn on the day it is credited to the account.
• You may make a deposit or withdrawal, or change the length of the term, once during the grace period. If you take one of these actions, the grace period ends on that day. Your grace period is ten (10) calendar days from the maturity date and it begins on the first day after the maturity date.

• An early withdrawal penalty may be imposed for withdrawals made prior to maturity.
• If your account has a term of three (3) or six (6) months, the early withdrawal penalty will be the amount equal to 30 days simple interest.
• If your account has a term of eight (8) or twelve (12) months, the early withdrawal penalty will be the amount equal to 60 days simple interest.
• If your account has a term of eighteen (18) or longer, the early withdrawal penalty will be the amount equal to 90 days simple interest.

Automatic Renewal:

This account will automatically renew as Online Hope Preferred Certificate of Deposit on the maturity date. If you choose not to renew this account, simply withdraw the funds at maturity or provide written notice within the grace period (ten calendar days). Bank of Hope may also choose not to renew the account by mailing a written notice at least 30 days prior to maturity. If account is not renewed, interest will not accrue after the final maturity.