1 The rate increase option is available at any time during the original term of the account. Request must be in writing, e-mail, or in person. This option can be exercised once over the original term of the account.
2 Notification requires a valid e-mail account and will be considered as consent to receive e-mail notifications from Tioga Franklin Savings Bank.
3 Funds withdrawn prior to maturity are subject to early withdrawal penalties. The penalty is based on the length of time the funds remained on deposit. To determine the interest to be paid on the withdrawn funds, the bank will calculate the penalty portion attributed to the withdrawn funds and apply that factor first to the accrued interest and then to the principal portion of the funds withdrawn. Penalty factor is not applied to the principal portion of funds remaining in the account for partial withdrawals.