Rate Information: This Account is an interest-bearing account. The interest rate and annual percentage yield are included in the Rate Chart. The interest rate and annual percentage yield will not change for the term of the account. The interest rate will be in effect for the term of the Certificate of Deposit. Interest begins to accrue on the business day you deposit non-cash items (for example, checks). Interest will be compounded daily and will be credited quarterly. We will deposit the interest in an account that you designate. The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.

Balance Information: We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day. You must maintain a minimum balance of $1,000.00 in the account each day to obtain the disclosed annual percentage yield. Contributions (deposits) may be made to your IRA, for a particular Tax reporting year, at any time during the year or by the due date for filing your Tax return for that year. Contribution limits are subject to and in accordance with the IRS Contribution Limits for that Tax reporting year. Distributions (withdrawals) may be subject to additional fees in accordance with the IRS rules for IRAs.

Limitations: You must deposit $1,000.00 to open this account.

Time Account Information: Your account will mature in the term of the Certificate of Deposit. If you withdraw any of the principal before the maturity date, we may impose a penalty of 90 days interest on the amount withdrawn. We will charge the penalty first against any interest then in the account, and any excess will be deducted from the amount you withdraw. This account will automatically renew. You will have 10 CALENDAR DAYS after the maturity date to withdraw funds without penalty. If you do not withdraw the funds, each renewal term will be for an identical period of time as the original term.