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Bank

Maturity And Renewals

Upon opening your Certificate, your funds will be locked-in for a specified term. You have the option to determine what will happen to your funds upon maturity. When opening your Certificate Account, you can choose:

Automatic renewal — When your certificate matures, funds will automatically transfer into the same term at the current rate at that time.

Automatic transfer — When your certificate matures, funds will automatically transfer into any UMe account, which you can specify at the time of opening the account.

One month prior to maturity date, you will receive a “maturity notice” outlining your maturity date, balance and whether your certificate will renew or transfer. Both options provide a seven (7) day grace period (from maturity date) to either withdraw the funds, change certificate terms or request a check.

Changes can be made by phone, email, fax, or using online banking. Maturity options can be changed at any time through online banking. Simply choose “Change Certificate Maturity Options” from the Option drop down menu.

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