Certificates of Deposit

Compounding Frequency

Interest may be compounded monthly. Interest may be credited monthly, quarterly or at maturity.

Balance Computation Method

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

Minimum balance to obtain the annual percentage yield disclosed

A minimum balance of $1,000.00 must be maintained in the certificate each day to obtain the disclosed annual percentage yield.

Accrual of interest on noncash deposits

Interest begins to accrue on the business day you deposit any noncash item (for example, a check).

Transaction Limitations

You cannot make additional deposits to this account during a term (other than credited interest). You cannot withdraw principal from this account without our consent except on or after maturity. (For accounts that automatically renew, there is a ten day grace period after each renewal date during which withdrawals are permitted without penalty.)

Withdrawal of interest prior to maturity

You can only withdraw the interest credited on the maturity date unless otherwise specified on the certificate.

Early withdrawal penalty

If we consent to a request for a withdrawal that is otherwise not permitted, you may have to pay a penalty. The penalty will be an amount equal to one month's interest.

Renewal policy

This account will automatically renew on the maturity date. Each renewal term will be the same as the original one, beginning on the maturity date (unless we notify you in writing before a maturity date of a different term for renewal).

You must notify us in writing before, or within a ten day grace period after the maturity date if you do not want this account to automatically renew.

Interest earned during one term that is not withdrawn during or immediately after that term is added to principal for the renewal term. You will have ten calendar days after maturity to withdraw the funds without a penalty.

The rate for each renewal term will be determined by us on or just before the renewal date. You may call us on or shortly before the maturity date and we can tell you what the interest rate will be for the next renewal term. We will remind you in advance of the renewal and tell you when the rate will be known for the renewal period.

Individual Retirement Account

Compounding Frequency

Interest will not be compounded.

Crediting Frequency

Interest will be credited to your account at maturity.

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 deposits

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

Minimum balance to obtain the annual percentage yield disclosed

You must maintain a minimum balance of $l,000.00 in the account each day to obtain the disclosed annual percentage yield.

Minimum balance to open the account

$500.00

Early withdrawal penalties

If you withdraw funds early, you may have a penalty. The penalty would be equal to one month's interest on the amount withdrawn subject to penalty. There are certain circumstances, such as death or incompetence of an owner, where we may waive or reduce this penalty.

Transaction limitations

The minimum amount you may deposit is $100.00. You may make withdrawals of principal from your account before maturity only if we agree at the time you request the withdrawal.

Automatic renewal

On each maturity date this Certificate will be automatically renewed. Each renewal term will be the same as the original term beginning on the maturity date (unless we notify you in writing before a maturity date of a different term for renewal).

You must notify us in writing before, or within a ten day grace period after the maturity date, if you do not want this account to automatically renew.

Interest earned during a term that is not withdrawn during or immediately after that term is added to principal for the renewal term.

The rate for each renewal term will be determined by us on or just before the renewal date. You may call us on or shortly before the maturity date and we can tell you what the interest rate will be for the next renewal term. On accounts with terms of longer than one month, we will remind you in advance of the renewal and tell you when the rate will be known for the renewal period.