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Savings Accounts Checking Accounts Term Certificate Accounts IRA Accounts Electronic Fund Transfers Funds Availability Unclaimed Property Law Account AgreementsAdministrative Offices 2504 Kenya Drive Modesto,
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Term certificate accounts are fixed-term deposits offered by financial institutions where funds are deposited for a specific period of time, usually with a higher interest rate.
Individuals or businesses who have term certificate accounts with financial institutions are required to file them for tax reporting purposes.
Term certificate accounts can usually be reported on tax forms provided by the financial institution or by manually inputting the information on tax forms.
The purpose of term certificate accounts is to earn a higher interest rate on deposited funds for a specific period of time.
Information such as the account holder's name, account number, interest earned, and any early withdrawal penalties must be reported on term certificate accounts.
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