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Certificates of Deposit Information

Rate

You will be paid the stated rate until first maturity.

The annual percentage yield assumes that interest will remain on deposit until maturity. A withdrawal will reduce earnings.

Minimum Balance Required to Open Your Account and Obtain the Annual Percentage Yield

To open a certificate of deposit and obtain the disclosed annual percentage yield, you must deposit and maintain...

a minimum of for a term of
$5,000 three to five months
$1,000 six to eleven months
$ 500 12 to 83 months
$ 250 any Individual Retirement Account

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 Non-cash Deposits

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

Crediting and Compounding Frequency

On certificates of deposit with a term shorter than 12 months, interest is credited to your account at maturity and is not compounded.

On certificates of deposit with a term of 12 months or longer, interest is credited to your account and compounded every six months.

Transaction Limitations

Before maturity of your certificate of deposit, you may not make any additional deposits or withdrawals of principal. You can withdraw without penalty only the interest credited in the term and can do so only on the crediting dates.

You may, however, make withdrawals of principal from your IRA account before maturity.

Early Withdrawal Penalties

If your account has an original maturity of one year or shorter, we may impose a fee equal to 30 days interest on the withdrawal amount subject to penalty.

If your account has an original maturity of more than one year, we may impose a fee equal to 90 days interest on the withdrawal amount subject to penalty.

Under certain circumstances such as the death or incompetence of an owner we may waive or reduce this penalty.

See your plan disclosure if this account is part of an IRA or other tax-qualified plan.

Automatically Renewable Time Account

Your certificate of deposit automatically will renew at maturity. You will have ten calendar days after maturity to withdraw the funds without penalty.

Each renewal term will be the same as the original term, beginning on the maturity date. The interest rate will be the same we offer on new time deposits on the maturity date which have the same term, minimum balance (if any) and other features as the original time deposit.

You may prevent renewal if you withdraw the funds in the account upon maturity. We can prevent renewal if we mail notice to you at least ten days before maturity. If either you or we prevent renewal, interest will not accrue after final maturity.

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