Rhode Island Assignment of Certificate of Deposit Agreement

State:
Multi-State
Control #:
US-01008DR
Format:
Word; 
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Description

A certificate of deposit is a certificate or document issued by a bank acknowledging the receipt of money with a promise to pay to the depositor the amount of the deposit plus interest. This form is a collateral assignment of a certificate of deposit to secure a debt or some other obligation.

This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

Rhode Island Assignment of Certificate of Deposit Agreement refers to a legal document that allows an individual or entity to transfer their rights and ownership of a certificate of deposit (CD) to another party. This agreement outlines the terms and conditions under which the assignment can take place, ensuring a smooth and lawful transfer process. The Rhode Island Assignment of Certificate of Deposit Agreement includes essential details such as the names and contact information of the assignor (the party assigning the CD) and the assignee (the party receiving the CD). It also states the specific CD account information, including the account number and the financial institution where the CD is held. Additionally, this agreement specifies the assignment date, which marks the official transfer of ownership, along with any applicable terms and conditions that both parties must adhere to. These may include restrictions on further assignment or any obligations related to the CD. In Rhode Island, there are no specific types of Assignment of Certificate of Deposit Agreements, as the agreement template remains relatively consistent across different CD assignments. However, variations might occur depending on the preferences of the involved parties or specific legal requirements. Keywords: Rhode Island, Assignment of Certificate of Deposit Agreement, transfer of ownership, legal document, CD account information, financial institution, assignment date, terms and conditions, restrictions, obligations.

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FAQ

A certificate of deposit, or CD, is a type of savings account offered by banks and credit unions. You generally agree to keep your money in the CD without taking a withdrawal for a specified length of time. Withdrawing money early means paying a penalty fee to the bank.

Assignment of CD means that certain Assignment of Certificate of Deposit, dated as of the Closing Date, in Proper Form, executed by Borrower for the benefit of Lender covering and affecting a certificate of deposit held and controlled by Lender in the amount of $1,000,000.00, as same may be amended, modified, restated ...

With that understanding, here's how much you can expect a $10,000 CD to make in a year, based on a few popular CD rates available today: At 6.00%: $600 (for a total of $10,600 after one year) At 5.75%: $575 (for a total of $10,575 after one year) At 5.50%: $550 (for a total of $10,550 after one year)

A certificate of deposit (CD) is a savings account that holds a fixed amount of money for a fixed period of time, such as six months, one year, or five years, and in exchange, the issuing bank pays interest. When you cash in or redeem your CD, you receive the money you originally invested plus any interest.

ASSIGNMENT OF CERTIFICATE OF DEPOSIT means a certain ASSIGNMENT OF CERTIFICATE OF DEPOSIT of even date hereof in which the BORROWER assigns the CERTIFICATE OF DEPOSIT to the BANK as COLLATERAL for the payment of the OBLIGATIONS.

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It is hereby agreed that a Certificate of Deposit bearing customer #. and account number. furnished by. , will be held by. until released in writing by the ... EXCEPT AS AUTHORIZED BY LAW, THE DMV WILL NOT DISCLOSE PERSONAL INFORMATION WITHOUT YOUR CONSENT.This Agreement is made between you (collectively, “Customer”,. “you”, or “your”) and Bank Rhode Island (collectively, “Bank”, “we”, “our”, “us”) and governs our ... by LOF CREDIT · Cited by 7 — We hereby certify that we have received no notice of lien, encumbrance, hold, claim or obligation of the above-identified account prior to the assignment to the ... If you hold a CD on your own and there is no POD beneficiary, it will normally have to go through the probate process to validate your intentions. This is not  ... (5) “Deferred-deposit transaction” means any transaction, such as those commonly known as “payday loans,” “payday advances,” or “deferred-presentment loans,” in ... You must present this certificate when you request a withdrawal or a transfer. ... Please contact us at service@bankerstrust.com or 1-800-362-1688 for a complete ... (1) “Account” means a contract of deposit between a depositor and a depository institution, and includes a checking account, savings account, certificate of ... HUMAN RESOURCES FORMS · Direct Deposit Form (New State employees only) · Drug Free Work Place Acknowledgement · Drug Free Work Place Policy · Bar of Claims (CS-386) ... TRANSFER – “Transfer” means any change in ownership, withdrawal rights, or survivorship rights, including (but not limited to) any pledge or assignment of this ...

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Rhode Island Assignment of Certificate of Deposit Agreement