Compounding Frequency – Interest will compound semiannually.

Crediting Frequency – Interest will be credited into this account semiannually.

Early Withdrawal Penalties- (a penalty may be imposed for withdrawals before max maturity) – The penalty will vary depending on the length of maturity.  In certain circumstances, such as the death or incompetence of an account owner, the law permits, or in some cases requires, the waiver of the early withdrawal penalty.  Other exceptions may also apply, for example, if this is part of an IRA or other tax-deferred savings plan.

Automatically Renewable Account – the account can be set up as automatically renewable or if your account is not renewed, the funds in the account will be paid directly to you. Each renewal term will be the same as the original term, beginning on the maturity date. Unless we tell you otherwise in writing, the interest rate will be the same we offer on new certificate of deposit accounts on the maturity date which have the same term, minimum balance (if any) and other features as the renewed certificate of deposit account. You will have a grace period of ten calendar days after maturity to withdraw the funds without being charged an early withdrawal penalty. You may prevent renewal if we receive written or telephone notice from you before maturity of your intention not to renew.

Daily Balance Computation Method – Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.

Accrual of Interest on Noncash Deposits – Interest will begin to accrue on the business day you deposit noncash items (i.e.: checks) into your account.

Minimum Balance to Open – The minimum balance required to open this account is $500.00.

Deposit Limitations – After the account is opened, you may not make any deposits.

Withdrawal Limitations- You may make withdrawals of principal from your account before maturity only if we agree at the time you request the withdrawal. Principal withdrawn before maturity is included in the amount subject to early withdrawal penalty. You can not withdrawal interest from your account before maturity. The minimum withdrawal you can make from this account is $500.00.