Rate information – For current terms available, current interest rates and annual percentage yields, please refer to the Summary of Interest Rates/Products table.  Rates are subject to change without notice.  The interest rate and annual percentage yield of your account will be determined on the day we accept your deposit. You will be paid this rate until the first maturity.

Compounding frequency – Interest will be compounded every month

Crediting frequency – Interest will be credited to your account every month

Minimum balance to open the account – You must deposit $500.00* to open this account.

Minimum balance to obtain the annual percentage yield disclosed – You must maintain a minimum daily balance of $500.00* to obtain the disclosed annual percentage yield.

Daily balance computation method – We use the daily balance method to calculate the interest on your account.  This method applies a daily periodic rate to the principal in the account each day.

Accrual of interest on noncash items – Interest begins to accrue on the business day you deposit noncash items (for example, checks).

 

Transaction limitations:

You may not make any deposits into your account before maturity. You may make withdrawals of principal from your account before maturity only if we agree at the time you request the withdrawal.  Principal withdrawn before maturity is included in the amount subject to early withdrawal penalty. You can only withdraw interest credited in the term before maturity of that term without penalty.  You can withdraw interest at any time during the term of crediting after it is credited to your account.

Time requirements – The maturity of your account will be determined by the date we accept your deposit and by the term you have chosen.  Your certificate of deposit term is _________ and the maturity date is ______________________.

Early withdrawal penalties - A penalty may be imposed for withdrawals before maturity

• If your account has an original maturity of one year or less:

The penalty we may impose will equal thirty (30) days of interest on the amount withdrawn subject to penalty.

• If your account has an original maturity of more than one year:

The penalty we may impose will equal ninety (90) days of interest on the amount withdrawn subject to penalty.

In certain circumstances such as the death or incompetence of an owner of this account, the law permits, or in some cases requires, the waiver of the early withdrawal penalty.  See your plan disclosure if the account is part of an IRA or other tax qualified plan.

Withdrawal of interest prior to maturity – The annual percentage yield assumes interest will remain on deposit until maturity.  A withdrawal of interest will reduce earnings.

Automatically renewable time account – This account will automatically renew at maturity.  You may prevent renewal if you withdraw the funds in the account at maturity (or within the grace period mentioned below, if any) or we receive written notice from you within the grace period mentioned below, if any. 

We can prevent renewal if we mail notice to you at least thirty (30) calendar days before maturity.  If either you or we prevent renewal, interest will not accrue after final maturity. You will have ten (10) calendar days from maturity to withdraw the funds without a penalty. If you do not renew the account, interest will not be paid after maturity.

*Certificates of Deposit – 60 Month CD or 60 Month IRA CD

Minimum balance to open the account – You must deposit $2,500.00 to open this account

Minimum balance to obtain the annual percentage yield – You must maintain a minimum daily balance of $2,500.00 to obtain the disclosed annual percentage yield.

Jumbo Certificate of Deposit

Rate information –The interest rate and annual percentage yield of your account will be determined on the day we accept your deposit. You will be paid this rate until the first maturity. Rates are subject to change without notice.  Please refer to the Certificate of Deposit for the interest rate on the account.

Compounding frequency – Interest is not compounded.

Crediting frequency – Interest will be credited to your account at maturity.

Minimum balance to open the account – You must deposit $100,000.00 to open this account.

Minimum balance to obtain the annual percentage yield disclosed – You must maintain a minimum daily balance of $100,000.00 to obtain the disclosed annual percentage yield.

Daily balance computation method – We use the daily balance method to calculate the interest on your account.  This method applies a daily periodic rate to the principal in the account each day.

Accrual of interest on noncash items – Interest begins to accrue on the business day you deposit noncash items (for example, checks).

 

Transaction limitations:

You may not make any deposits into your account before maturity. You may make withdrawals of principal from your account before maturity only if we agree at the time you request the withdrawal.  Principal withdrawn before maturity is included in the amount subject to early withdrawal penalty.

Time requirements – Terms range from seven (7) days to three hundred sixty-five (365) days. The maturity of your account will be determined by the date we accept your deposit and by the term you have chosen.  Your certificate of deposit term is ___________ and the maturity date is ___________________.

Early withdrawal penalties - A penalty may be imposed for withdrawals before maturity. The penalty we may impose will equal thirty (30) days of interest on the amount withdrawn subject to penalty.

In certain circumstances such as the death or incompetence of an owner of this account, the law permits, or in some cases requires, the waiver of the early withdrawal penalty.

Non-automatically renewable time account – This account will not automatically renew at maturity.  If you do not renew the account, interest will not accrue after maturity.

“Bump Me Up” Certificate of Deposit

 

Rate information – For current interest rate and annual percentage yield, please refer to the Summary of Interest Rates/Product table.  Rates are subject to change without notice.  The interest rate and annual percentage yield of your account will be determined on the day we accept your deposit.  You will be paid this rate until the first maturity, unless you request that we increase the interest rate on your account to the interest rate then in effect on our fixed rate twenty-four (24) month certificate of deposit.  You are allowed to request this increase in the interest rate once during the initial term of your account.  At the time of your interest rate increase, the annual percentage yield on your account will be recalculated.

Compounding frequency – Interest will be compounded every month.

Crediting frequency – Interest will be credited to your account each month.

Minimum balance to open the account – You must deposit $2,500.00 to open this account.  Maximum deposit is $500,000.00.

Minimum balance to obtain the annual percentage yield disclosed – You must maintain a minimum daily balance of $2,500.00 to obtain the disclosed annual percentage yield.

Daily balance computation method – We use the daily balance method to calculate the interest on your account.  This method applies a daily periodic rate to the principal in the account each day.

Accrual of interest on noncash items – Interest begins to accrue on the business day you deposit noncash items (for example, checks).

Transaction limitations – You may not make deposits into your account before maturity.  You may make withdrawals of principal from your account before maturity only if we agree at the time you request the withdrawal.  Principal withdrawn before maturity is included in the amount subject to early withdrawal penalty.  You can only withdraw interest credited in the term before maturity of that term without penalty.  You can withdraw interest at any time during the term of crediting after it is credited to your account.

Time requirement – The term of your account is twenty-four (24) months.  The maturity of your account will be determined by the date we accept your deposit.  Your certificate will mature on ______________________.  The original maturity date will not change if you request that we increase your interest rate, as allowed once during the original term, to the interest rate then in effect on the fixed rate twenty-four month certificate of deposit.

Early withdrawal penalties – A penalty may be imposed for withdrawals before maturity.  The penalty we may impose will equal ninety (90) days of interest on the amount withdrawn subject to penalty.  In certain circumstances such as the death or incompetence of an owner of this account, the law permits, or in some cases requires the waiver of the early withdrawal penalty.  See your plan disclosure if the account is part of an IRA or other tax qualified plan.

Withdrawal of interest prior to maturity – The annual percentage yield assumes interest will remain on deposit until maturity.  A withdrawal of interest will reduce earnings.

Automatically Renewable Time Account – This account will automatically renew at maturity into a fixed rate twenty-four (24) month certificate of deposit at the current interest rate in effect on the maturity date.  You may prevent renewal if you withdraw the funds in the account at maturity (or within the grace period below, if any) or we receive written notice from you within the grace period mentioned below. 

We can prevent renewal if we mail notice to you at least thirty (30) calendar days before maturity.  If either you or we prevent renewal, interest will not accrue after the final maturity.  You will have ten (10) calendar days from maturity to withdraw the funds without a penalty.  If you do not renew the account, interest will not be paid after maturity.

“Tax Day” Certificate of Deposit 

 

Rate information – For current interest rate and annual percentage yield, please refer to the Summary of Interest Rates/Products table.  Rates are subject to change without notice.  The interest rate and annual percentage yield of your account will be determined on the day we accept your deposit.  You will be paid this rate until the first maturity.

Compounding frequency – Interest is not compounded.

Crediting frequency – Interest will be credited to your account at maturity.

Minimum balance to open the account – You must deposit $10,000.00 to open this account.

Minimum balance to obtain the annual percentage yield disclosed – You must maintain a minimum daily balance of $10,000.00 to obtain the disclosed annual percentage yield.

Daily balance computation method – We use the daily balance method to calculate the interest on your account.  This method applies a daily periodic rate to the principal in the account each day.

Accrual of interest on noncash items – Interest begins to accrue on the business day you deposit noncash items (for example, checks).

Transaction limitations – You may make deposits into your account in increments of $1,000.00 until ________________.  No additional deposits will be accepted after ______________.  You may make withdrawals of principal from your account before maturity only if we agree at the time you request the withdrawal.  Principal withdrawn before maturity is included in the amount subject to early withdrawal penalty.

Time Requirement – The maturity date of your account is _______________.  The term of your account is determined by the date we accept your deposit to the maturity date of ________________.

Early Withdrawal Penalties – A penalty may be imposed for withdrawals before maturity.  The penalty we may impose will equal thirty (30) days of interest on the amount withdrawn subject to penalty.  In certain circumstances such as the death or incompetence of an owner of this account, the law permits, or in some cases requires the waiver of the early withdrawal penalty.

 

Non-automatically Renewable Time Account – This account will not automatically renew at maturity.  Interest and Principal will be automatically transferred to the designated checking account.  Checking account # ____________________________.

1 YEAR “ADD ON” CERTIFICATE OF DEPOSIT

Rate information – For current interest rates and annual percentage yields, please refer to the Summary of Interest Rates/Products table.  Rates are subject to change without notice.  The interest rate and annual percentage yield of your account will be determined on the day we accept your deposit. You will be paid this rate until the first maturity.

Compounding frequency – Interest will be compounded every month

Crediting frequency – Interest will be credited to your account every month

Minimum balance to open the account – You must deposit $500.00 to open this account.

Minimum balance to obtain the annual percentage yield disclosed – You must maintain a minimum daily balance of $500.00 to obtain the disclosed annual percentage yield.

Daily balance computation method – We use the daily balance method to calculate the interest on your account.  This method applies a daily periodic rate to the principal in the account each day.

Accrual of interest on noncash items – Interest begins to accrue on the business day you deposit noncash items (for example, checks).

 

Transaction limitations:

You may make minimum deposits of $500.00 into your account before maturity.  Making additional deposits will not extend the original maturity of the account.  You may make withdrawals of principal from your account before maturity only if we agree at the time you request the withdrawal.  Principal withdrawn before maturity is included in the amount subject to early withdrawal penalty. You can only withdraw interest credited in the term before maturity of that term without penalty.  You can withdraw interest at any time during the term of crediting after it is credited to your account.

Time requirements – The term of your account is twelve (12) months.  The maturity of your account will be determined by the date we accept your deposit.  Your certificate will mature on _________________.

Early withdrawal penalties - A penalty may be imposed for withdrawals before maturity. The penalty we may impose will equal thirty (30) days of interest on the amount withdrawn subject to penalty.  In certain circumstances such as the death or incompetence of an owner of this account, the law permits, or in some cases requires the waiver of the early withdrawal penalty.  See your plan disclosure if the account is part of an IRA or other tax qualified plan.

Withdrawal of interest prior to maturity – The annual percentage yield assumes interest will remain on deposit until maturity.  A withdrawal of interest will reduce earnings.

Automatically renewable time account – This account will automatically renew at maturity.  You may prevent renewal if you withdraw the funds in the account at maturity (or within the grace period mentioned below, if any) or we receive written notice from you within the grace period mentioned below, if any. 

We can prevent renewal if we mail notice to you at least thirty (30) calendar days before maturity.  If either you or we prevent renewal, interest will not accrue after final maturity. You will have ten (10) calendar days from maturity to withdraw the funds without a penalty. If you do not renew the account, interest will not be paid after maturity.

Common Features

Please refer to our Miscellaneous Fee Schedule for additional information about charges.

Withdrawals from a time deposit prior to maturity or prior to any notice period may be restricted and may be subject to penalty.  See your notice of penalty for early withdrawal information.

We may require no less than seven (7) days’ notice in writing before each withdrawal from an interest-bearing account other than a time deposit, or from any other savings account as defined by Regulation D

July 2009

Member FDIC