- Minimum balance to open is $2,500.00.
- Interest is transferred monthly to a NOW Checking or Savings account. There is no compounding of interest on this account.
- Automatic renewal defaults to a Total T Plus certificate.
- The interest rate and annual percentage yield are fixed for the term of the account.
- Interest accrues on the day of deposit to the day of withdrawal.
- No deposits may be made to the account after it is opened. Additional deposits can be made at maturity.
- No withdrawals can be made from the account without penalty until maturity.
- Early withdrawal penalty is 30 days of interest, earned or not.