What can a co-owner do in a Joint Salmon Time Deposit?

A co-owner is one of the owners of a Joint Salmon Time Deposit, not just a beneficiary or emergency contact. They can view the account in the Salmon app after accepting the invitation and signing the Joint Account Agreement.

They can also view and download account information, such as:

•deposit balance

•interest earned

•transaction history

•list of owners

•interest rate

•account where the payout will be credited

•term

•start date and maturity date

•maturity instructions

•Certificate of Deposit

•Joint Account Agreement

•account statements and other documents, if available

To keep account instructions clear, only the primary owner can make changes.

A co-owner cannot:

•fund the Time Deposit from their own Salmon Bank (Rural Bank) account

•withdraw from the Time Deposit

•change maturity instructions

•change the account where the payout will be credited

•invite other co-owners

•cancel invitations

•remove other co-owners

•leave the account in the app after accepting

•close the Time Deposit or request pre-termination in the app

•ask Salmon Bank (Rural Bank) to make changes to the account

These limits help keep account management clear and secure for all owners.