Who receives payouts from a Joint Salmon Time Deposit?

The Bank credits the full payout to the primary owner’s Salmon Bank (Rural Bank) Checking account. This applies when the Time Deposit matures or closes before maturity, depending on the terms.

A payout includes the deposit amount and any interest due. It does not split the payout between owners. Co-owners should agree directly with the primary owner on how they will handle their share.

Ownership share and payout are different, as ownership share is about who owns the deposit, while payout is where Salmon Bank (Rural Bank) credits the money when the account matures or closes.

For Joint Salmon Time Deposit accounts, each owner has an equal ownership share. Custom or unequal ownership shares are not available in the app.