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Truth-in-Savings CD 3-Year |
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TRUTH-IN-SAVINGS DISCLOSURE
3-Year CD
Interest Rate
Rate: 3.97%
APY: 4.05%
The Interest Rate and the Annual Percentage Yield for your account are shown hereon. You will be paid this rate for at least three years.
The balance on which interest is calculated for your account is determined by the daily balance method.
Interest will be compounded daily.
Interest will be credited annually and at maturity.
Maturity
Your account will mature in three years.
This account will automatically renew at maturity. You will have ten business days after the maturity date to withdraw funds without penalty.
Minimum Deposit, Time and Balance Requirements
To open this account, you must deposit $500.
To earn the annual percentage yield shown, your entire balance must remain on deposit for at least three years.
The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.
Transaction Limitations
You may not make withdrawals from or deposits into this account until maturity.
If you withdrawal any funds before maturity, your account will be charged an early withdrawal penalty in an amount equal to 180 days' interest.
This early withdrawal penalty may invade principle.
Additional Fees and Terms
Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (e.g., checks).
Balance Computation Methods
The daily balance method applies a periodic rate to the full amount of principle in the account each day.
The average daily balance method applies a periodic rate to the average balance in the account for the period. The average daily balance is calculated by adding the full amount of principle in the account for each day of the period and dividing that figure by the number of days in the period.
Schedule of Fees and Charges
| ATM Star Withdrawal | $1 |
| ATM Cirrus Withdrawal | $1 |
| ATM Star/Cirrus Balance Inquiry | $1 |
| ATM Star/Cirrus Transfer | $1 |
| ATM & Visa Check Card PIN Reorder | $3 |
| ATM & Visa Check Card Replacement | $5 |
| Automatic Funds Transfer | $2 |
| Bill Payment (Each) | $5 |
| Closing an Account (0-90 days) | $10 |
| Copies of Safekeeping Items | $2 |
| Overdrafts (Per Item) | $30 |
| Insufficient Funds (Per Item) | $30 |
| Returned Deposited Item | $3 |
| Annual Debit Card Fee | FREE |
| Stop Payment (Per Item) | $30 |
| Statement of Account — Instant | $1 |
| Statement of Account — Duplicate | $3 |
| Statement of Account — Special | $5 |
MICR encoded checks and deposits not purchased through the bank must be properly encoded. If the document does not meet the required standards, a handling charge of $1 per item may be assessed to re-encode the documents.
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. Equal Housing Lender. 