Interest Rates

To obtain the current rate(s) and annual percentage yield, please call (713) 272-5004.

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Compounding and Crediting

• Interest will be compounded monthly and will be credited to the account monthly.
• The annual percentage yield assumes interest will remain on deposit until maturity.
• A withdrawal will reduce earnings.
• If interest is credited to another account or paid to you by check, this may reduce earnings and may negate the effect of interest compounding.

Minimum Balance Requirements

• You must deposit $1,000.00 to open this account.
• You must maintain a minimum daily balance of $1,000.00 in the account each day to obtain the disclosed annual percentage yield.
• You will earn interest for every day during the period that your account equals or exceeds the minimum daily balance requirement.

Balance Computation Method

• We use the daily balance method to calculate interest on your account.
  • This method applies a daily periodic rate to the principal in the account each day.

Accural on Noncash Deposits

• Interest begins to accrue on the business day you deposit noncash items (for example, checks).

Transaction Limitations

• You cannot make additional deposits to this account during a term (other than credited interest).
• You cannot withdraw principal from this account without our consent except on or after maturity.
  • (For accounts that automatically renew, there is a grace period after each renewal date during which withdrawals are permitted without penalty.)
• In certain circumstances, such as a death or incompetence of an account owner, the law permits, or in some cases requires, the waiver of the early withdrawal penalty.
• Other exceptions may also apply, for example, if this is part of an IRA or other tax-deferred savings plan.

Early Withdrawal Provisions

• We will impose a penalty if you withdraw any or all of the deposited funds before the maturity date.
• The fee imposed will be 30 to 180 days of interest dependent on the length of the CD term.

Renewal Policies

• Your account will automatically renew at maturity.
• You will have a grace period of 10 calendar days after maturity date to withdraw the funds in the account without being charged an early withdrawal penalty.
• Your account will not renew automatically at maturity.
• If you do not renew the account, the account will no longer earn interest after the maturity date.