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| Holiday Club Savings Specific Account Terms |
| Holiday Club Deposit Account |
Deposits: Deposits are made by the use of preprinted, personalized deposit slips. Deposit amounts and frequency are determined by you.
Payments: On the fifth of November, the balance of the account will be paid by:
(1) a check issued for the balance less a $2.00 special handling fee, or (2) a transfer to an existing Canandaigua National Bank & Trust account. |
| Holiday Club automatic transfer account: preauthorized transfers: |
Deposits: Transfers are processed from an existing CNB checking or savings account in an amount and at a frequency determined by you. The minimum transfer amount is $5.00 weekly, biweekly, or monthly. If the balance of the originating account is less than the designated transfer amount, the transfer will not take place. The Holiday Club will be closed if the originating account balance is insufficient on any two transfer dates per calendar year. A $10 closing fee will be assessed and a check will be issued for the balance of the Holiday Club.
Payments: On the fifth of November, the full Holiday Club Account balance will be transferred to the originating account.
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| Rate Information |
You will receive interest on the entire balance in your account. |
| Compounding and Crediting |
Interest will be compounded and credited quarterly to your account on the last day of January, April, July, and October. |
| Disclosure Specific to Holiday Club Accounts |
Your account will mature on the fifth of November. We will impose a withdrawal service charge of $10 for all bank-assisted withdrawals (Call Center or Branch) before the maturity date. This account will automatically renew at maturity. You will have ten (10) calendar days after maturity to withdraw funds without penalty.
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