FIXED-RATE CD

Required Opening Balance   $1,000
Interest Payment   Compounded Daily, Paid Monthly
Transaction Limitations  

No deposits may be made before maturity.You may make withdrawals of principal before maturity only if we agree at the time you request the withdrawal. Principal withdrawn before maturity is subject to early withdrawal penalty.

 

Early Withdrawal Penalty   The early withdrawal penalty varies by the term of the certificate:

If your account has an original maturity of less than 12 months. We may impose a fee equal to 30 days interest on the amount withdrawn.
If your account has an original maturity of 12 - 35 months. We may impose a fee equal to 90 days interest on the amount withdrawn.
If your account has an original maturity of 36 months and over. We may impose a fee equal to 180 days interest on the amount withdrawn.

For more information please contact us, and we'll be happy to assist you with your banking needs. 


 

FLEX CD

Required Opening Balance   $10,000
Interest Payment   Compounded Daily, Paid Monthly
Transaction Limitations  

The maximum amount you can deposit is ½ of the original balance. There are no limitations on the frequency or timing of additional deposits, except that no additions can be made in the last seven days before maturity.

You may make withdrawals of principal from your account before maturity. Principal withdrawn (exceeding ½ of the origination balance) before maturity is included in the amount subject to early withdrawal penalty. You can withdraw interest before maturity of that term without penalty. You can withdraw interest after it is credited to your account.

 

Early Withdrawal Penalty   The early withdrawal penalty varies by the term of the certificate:

If your account has an original maturity of less than 12 months. We may impose a fee equal to 30 days interest on the amount withdrawn.
If your account has an original maturity of 12 - 35 months. We may impose a fee equal to 90 days interest on the amount withdrawn.
If your account has an original maturity of 36 months and over. We may impose a fee equal to 180 days interest on the amount withdrawn.
Benefits   The interest rate and annual percentage yield may change. We will not change the rate on your account during the term of the account. However, you have the option during the first term of this account to exchange this interest rate for a new interest rate. The new interest rate will be the rate we are then offering on time deposits of the amount of this account (or less) with the same term (or shorter) as the original term of this account. The exchange will be at no cost to you. If you make an exchange, the maturity date of this account will remain the same as originally scheduled. The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.

For more information please contact us, and we'll be happy to assist you with your banking needs. 

 

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