Earn a competitive interest rate for the duration of your time deposit with a Texas Gulf Bank Certificate of Deposit. Additional Information Interest for your account will be compounded monthly. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue on the business day you deposit non-cash items (for example, checks). You may not make any deposits into your account before maturity. You may not make withdrawals of principal from your account before maturity. You can withdraw interest accrued in the term before maturity of that term without penalty. You can withdraw interest any time after accruing during the current term. A penalty may be imposed for withdrawals before maturity if your account has an original maturity of 31 days or less. The fee we may impose will equal 7 days' interest on the amount withdrawn subject to penalty. If your account has an original maturity of 32 days through one year, the fee we may impose will equal one months' interest on the amount withdrawn subject to penalty. In certain circumstances such as the death or incompetence of an owner of this account, 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. An automatically renewable time account will automatically renew at maturity. You may prevent renewal if you withdraw the funds in the account at maturity (or within any grace period mentioned below) or we receive written notice from you within any grace period mentioned below. We can prevent renewal if we mail notice to you at least 30 calendar days before maturity. If either you or we prevent renewal, interest will not accrue after final maturity. Each renewal term will be the same as the original term, beginning on the maturity date. The interest rate will be the same we offer on new time deposits on the maturity date which have the same term, minimum balance (if any) and other features as the original time deposit. You will have ten calendar days after maturity to withdraw the funds without a penalty. A non-automatically renewable time account will not automatically renew at maturity. If you do not renew the account, interest will not accrue after final maturity.