Rate Information - The interest rate on your account for $2,500.00 and over is 2.01 with an annual percentage yield (APY) of 2.00. We will pay this rate until first maturity.

Compounding and Crediting Frequency - Interest will not be compounded. Interest will be credited at maturity to your account. If you close your account before interest is credited, you will receive the accrued interest.

Minimum Balance to Open the Account - To open the account, you must deposit at least $2,500.00.

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 - When you deposit a non-cash item (for example, checks), interest begins to accrue no later than the business day we receive credit for the deposit.

Additions to the Account - You may not make any deposits into your account until maturity.

Withdrawal of Interest Prior to Maturity - The annual percentage yield (APY) assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.

Early Withdrawal Penalty - If we consent to a request for a withdrawal that is otherwise not permitted, you may have to pay a penalty. The penalty will be an amount equal to: one month's interest on the amount withdrawn. The interest rate we will use to calculate the interest forfeiture will be: the simple interest rate in effect on the date of the early withdrawal. There are certain circumstances, such as the death or incompetence of an owner, where we may waive or reduce this penalty.

Automatically Renewable Time Account - This account will automatically renew at maturity. You will have seven (7) calendar days after the maturity date to withdraw funds without penalty. This account will not renew if you withdraw the funds on the maturity date, or if we receive written notice from you on or before the maturity date of your intention not to renew. Each renewal term will be the same as the original term, beginning on the maturity date. Interest will be calculated on the same basis as the original term. The interest rate will be the same we offer on new time deposits on the maturity date which have the same term, minimum balance and other features as the original time deposit.