RATE INFORMATION: 
Single Variable Rate:  The interest rate on your account is __________% with an annual percentage yield of __________%.  Your interest rate and annual percentage yield may change.

• Determination of Rate:  At our discretion, we can change the interest rate on your account.


• Frequency of Rate Changes: We can change the interest rate on your account at any time.

COMPOUNDING FREQUENCY: Interest will be compounded daily.

CREDITING FREQUENCY: Interest will be credited to your account every 6 months.

EFFECT OF CLOSING AN ACCOUNT:  If you close your account before interest is credited, you will receive the accrued interest.

MINIMUM BALANCE REQUIREMENTS:
To Open The Account.  You must deposit $500.00 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 your account each day.

ACCRUAL OF INTEREST ON NONCASH DEPOSITS:  Interest begins to accrue on the business day you deposit noncash items (for example, checks).

TRANSACTION LIMITATIONS:   After the account is opened, you may make deposits into your account until the maturity date. If either you or we prevent renewal, interest will not accrue after final maturity.

TIME DEPOSIT REQUIREMENTS:

Your account will mature on ____________________.

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

We may impose a penalty if you withdraw any of the principal before the maturity date. 

The fee we may impose will equal 30 days of interest on accounts with a term of one year or less.  The fee we may impose will equal 90 days of interest on accounts with a term greater than one year. The fee we may impose will equal 180 days of interest on terms 42 months of greater. The law permits the waiver of the early withdrawal penalty if the account owner dies, is declared incompetent, or disabled. It can be waived for IRA deposits if the customer is at least 59 ½ years of age at the time of withdrawal.

This account will automatically renew at maturity.  You will have 10 days after the maturity date to withdraw funds without penalty.

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