Build for Tomorrow CD

Interest Rate Information: This account is an interest bearing account. Your interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on your account at any time. The interest rate on your account will be based on the interest rate currently offered on Solarwood Trust’s 48-Month Certificate of Deposit.

Your account will mature on your 18th birthday. The annual percentage yield assumes that interest remains on deposit until maturity. Any withdrawal of interest will reduce earnings.

Interest for your account is compounded semi-annually. Interest will be credited to your account semi-annually.

Balance Computation Method: We use the daily balance method to calculate the interest on the account. This method applies a daily periodic interest rate to the principal in the account each day.

Limitations: You must make a minimum deposit of $100.00 to open this account. After the account is opened, you may make unlimited deposits into the account up until 7 days before the final maturity date. The minimum amount of additional deposits is $100.00.

Early Withdrawal Penalty: If you withdraw any principal before the maturity date, we may impose a penalty of 6 months interest on the amount withdrawn. There are certain circumstances, such as death or incompetence of an owner, where we may waive or reduce this penalty.

Renewal Policy: This account will not automatically renew at maturity. If you do not renew the account, interest will not accrue after maturity.