Products & Services - Certificate of Deposit Disclosure

Rate Information

For rate information, see Current CD Rates page. [LINK "Current CD Rates page" to "cdrates.html"] You will be paid the same rate until the maturity date of the certificate. The annual percentage yield assumes interest remains on deposit until maturity.

Interest can be compounded and added to the certificate of deposit, automatically credited to a savings or checking account, or payable by check.

Interest begins to accrue on the business day of your deposit.

Minimum Balance Requirement

You must deposit $1000.00 to open this account.

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.

Transaction Limitations

After the account is opened, you may not make deposits into the account until the maturity date.

Early Withdrawal Penalty

A penalty for payment of time deposits before maturity will be imposed on the amount withdrawn as shown below:

• Term of 3 Months or More to One Year - early withdrawal penalty of 3 months interest
• Term of over One Year - early withdrawal penalty of 6 months interest

Automatically Renewable Certificates

LOST DOCUMENT FEE - $25.00

Automatically Renewable Certificates shall be considered renewed automatically for an additional period of time equal to the original term, and thereafter for additional successive periods of time equal to such original term unless presented for redemption within 10 calendar days after the end of the original term or any subsequent term. The Bank retains the right to redeem this Certificate at any original or subsequent maturity date upon 10 days prior written notice. The Bank reserves the right also to change the interest rate to the then current rate of interest upon the original or any subsequent maturity date. All terms of this Certificate are subject to all applicable present and future laws and regulations of this State and of the United States or instrumentality thereof.

Single Maturity Certificates

No interest is payable after maturity or redemption.