Certificates of Deposit

Certificate of Deposit Disclosure

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

Compounding and crediting frequency – Interest will be compounded and credited at maturity for terms under 12 months and quarterly for terms 12 months and over. This means that, for the purposes of computing interest, the interest that you have earned is added to your Certificate Balance at the time indicated, and interest from that date is based on the new balance. If you want, we will send you a check for interest at the time indicated, instead of compounding.

Minimum balance to obtain the annual percentage yield disclosed – The Annual Percentage Yield assumes interest remains on deposit until the Maturity Date. Withdrawals of interest prior to the Maturity Date will reduce earnings. If you close the account before accrued interest is credited, such interest will not be paid.

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 certificate balance in the account each day.

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

Early withdrawal penalty – You may withdraw your Certificate Amount before the Maturity Date, but there will be a penalty. We will subtract the Loss of Interest Penalty from the amount we pay you as interest on early withdrawal. If you choose early withdrawal, you must withdraw the full certificate amount. Loss of Interest Penalty is 3 months interest for terms 12 months and under and 6 months interest for terms over 12 months.

Special Certificate of Deposit Disclosure

Minimum balance to open the account – You must deposit a minimum of $5,000.00 to open this account.

Compounding and crediting frequency – Interest will be compounded and credited at maturity for terms under 12 months and quarterly for terms 12 months and over. This means that, for the purposes of computing interest, the interest that you have earned is added to your Certificate Balance at the time indicated, and interest from that date is based on the new balance. If you want, we will send you a check for interest at the time indicated, instead of compounding.

Minimum balance to obtain the annual percentage yield disclosed – The Annual Percentage Yield assumes interest remains on deposit until the Maturity Date. Withdrawals of interest prior to the Maturity Date will reduce earnings. If you close the account before accrued interest is credited, such interest will not be paid.

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 certificate balance in the account each day.

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

Early withdrawal penalty – You may withdraw your Certificate Amount before the Maturity Date, but there will be a penalty. We will subtract the Loss of Interest Penalty from the amount we pay you as interest on early withdrawal. If you choose early withdrawal, you must withdraw the full certificate amount. Loss of Interest Penalty is 3 months interest for terms 12 months and under and 6 months interest for terms over 12 months.