We may impose a penalty if you withdraw any of the principal balance before the maturity date. The penalty imposed will equal 90 days' interest for terms less than or equal to 12 months and 180 days' interest for terms greater than 12 months. A minimum of seven (7) days' interest will be charged on any amount withdrawn within six (6) days after the account is opened or after a previous withdrawal. The remaining balance of an account will no longer earn interest if a withdrawal reduces the account balance below the required minimum balance disclosed.
These are fixed rate accounts, except for Bump-Up CDs. You will be paid this rate until maturity. The APY assumes interest remains on deposit until maturity. A withdrawal will reduce earnings. Interest credited to your account may be withdrawn prior to maturity without penalty. Fees could reduce earnings on the account.
Bump-Up CDs are variable rate accounts. Interest rates and APY may change after the account is open due to a Bump-Up feature. Bump-Up CDs allow you to adjust the interest rate one time during the term of your certificate. The new interest rate paid will be the rate in effect for your term's Bump-Up CD on the date you exercise the option and will be paid until maturity. If the Bump-Up CD term is no longer offered, the new interest rate will be the interest rate offered for a comparable certificate product. Exercising the Bump-Up feature does not affect the term or maturity date of your certificate. The APY assumes interest remains on deposit until maturity. A withdrawal will reduce earnings. Interest credited to your account may be withdrawn prior to maturity without penalty.
*25 month and 50 month Bump Up CD Annual Percentage Yield (APY) assumes principal and interest remain on deposit for the term of the certificate, respectively. Interest rates and APY may change after the account is open due to the Bump-Up option. All advertised promotional rates and APY’s are accurate as of 10/9/2018, and are subject to change without notice. A minimum of $500.00 is required to open a certificate and obtain the advertised APY. A penalty may be imposed for early withdrawals. Bump-Up rate change option allows you to adjust the interest rate one (1) time for the 25- month certificate and two (2) times for the 50- month certificate during the initial term only and requires you to visit a Rosedale Federal branch to redeem before the certificate’s maturity date. Advertised 25- and 50- month certificates are promotional terms and rates for exercising the Bump-Up option are based on the published rates for the standard 24- and 48- month non-promotional certificates, respectively. The new interest rate paid will be the rate in effect in the standard non-promotional certificates on the date you exercise the option and will be paid until maturity or the second Bump-Up option is exercised, as applicable. At maturity, the promotional certificates will automatically renew into the standard 24- and 48- month non-promotional certificates, respectively, at our standard published rate in effect at that time.
After the account is open, you may not make deposits into your account.
Rosedale Federal offers deposit accounts to residents in the Maryland communities that our branches serve. Rosedale Federal reserves the right to decline a request for a deposit account or for a deposit.