Certificate of Deposit

RATE INFORMATION. The interest rate on your account can vary, please contact your local branch for current rates. You will be paid this interest rate until maturity. 

COMPOUNDING AND CREDITING. Interest will be compounded annually and will be credited to the account annually. The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings. If you close your account before interest is credited, you will not receive the accrued interest.

INTEREST CALCULATED. Actual/365

COMPOUNDING: The compounding frequency and interest calculation method will not change during the term of the certificate, regardless of adjustments to the interest rate, until we give reasonable notice to you of such change.

RATE STRUCTURE:  Single Rate

MINIMUM BALANCE REQUIREMENTS. You must deposit $1,000.00 to open this account.

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

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

TRANSACTION LIMITATIONS. No transaction limitations apply to this account.

MATURITY DATE. This is a callable account. We may call your account for redemption under the following conditions: At our option, we may accelerate the maturity, or call this account.

EARLY WITHDRAWAL PROVISIONS. We may impose a penalty if you withdraw any or all of the deposited funds before the maturity date. The fee impose will equal 90 days of interest.

RENEWAL POLICIES. Your account will automatically renew at maturity You will have a grace period of 10 calendar days after the maturity date to withdraw the funds in the accounts without being charged an early withdrawal penalty.