Basic Elements - Legal Text
Dividends are calculated on the Daily Balance Method for all accounts. APY = Annual Percentage Yield, and is based on the assumption that requirements will be met. Your statement will show the actual Annual Percentage Yield Earned (APYE). This may be different from the APY if the conditions are different from the above assumptions. IRA accounts are not available for terms less than 12 months. Early withdrawal is subject to penalty on all Certificates.