Term & Conditions:

1. The certificate rates presented here are accurate as of the above date. Current rates may be obtained by calling us at (650) 723-2509, toll free (888) 723-7328 or by visiting our website at www.sfcu.org.
2. The rate in effect at the time of purchase is the rate you will be paid for the entire term of the Certificate. The Annual Percentage Yield (APY) assumes dividends will remain on deposit until maturity. A withdrawal will reduce your earnings.
3. No addititonal deposits are permitted to a Share Certificate once it is opened, unless otherwise disclosed.
4. Any reduction of the principal amount below the minimum principal tier for the rate established at Certificate origination will terminate the Certificate. We may impose the following penalties for early withdrawal of a Certificate. The penalty for Certificate of initial term less than one year will be equal to ninety (90) days of dividends. The penalty for Certificates of one year or greater will be equal to one hundred eighty (180) days of dividends.
5. The penalty may be deducted from either dividends or principal.
6. This Certificate is non-negotiable and non-transferable.
7. The Interest Rate and Annual Percentage Yield (APY) are fixed for the term of the Certificate, except that the member may elect an interest rate change one time during the term of the Certificate to the rate in effect at the time the election is made for like certificates offered by the Credit Union. This disclosed APY assumes that interest remains on deposit until Maturity. Interest is paid on the basis of the daily balance in the certificate account, and is based upon a daily periodic rate which corresponds to the stated annual interest rate. Interest is paid from the Credit Union's available earnings after required transfers to reserves on a monthly basis and at Maturity. Interest compounds monthly.
8. Additional deposits may be added to the Certificate balance at any time prior to Maturity, and will earn interest/dividends from the date of deposit. Additional deposits become part of the principal and are subject to early withdrawal penalty described above if withdrawn prior to the Maturity Date.
9. You will be given notice of the Maturity Date thirty (30) days in advance. The Certificate will renew automatically at Maturity for a like term. The Interest Rate and Annual Percentage Yield on the renewal certificate will be the rate then in effect for like Certificate. A grace period for withdrawal after automatic renewal of seven (7) days will apply. Thereafter, withdrawals of principal balance on the renewed Certificate will again be subject to an early withdrawal penalty until the Maturity Date.
10. You will be given notice of the Maturity Date thirty (30) days in advance. The Certificate will renew automatically at Maturity for a like term. The Interest Rate and Annual Percentage Yield on the renewal certificate will be the rate then in effect for like Certificate. Any reduction of the principal amount below the $10,000 minimum will terminate the Liquid Share Certificate and incur an Early Closing Fee of $100. Penalty free withdrawals until $10,000 minimum balance.