CERTIFICATE OF DEPOSIT
Compounding frequency – Interest will be compounded semiannually except for certificates of less than one year where interest will not be compounded.
Crediting frequency – Interest will be credited to your account semiannually. For 7-Day Access Certificates, with a six-month term, interest will be credited to your account at maturity.
Minimum balance to open the account – You must deposit $500.00 to open this account.
Minimum balance to obtain the annual percentage yield disclosed – You must maintain a minimum balance of $.01 in the account each day to obtain the disclosed annual percentage yield.
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 noncash deposits – Interest begins to accrue on the business day you deposit noncash items (for example, checks).

Transaction limitations:
You may not make any deposits into your account before maturity.

You may make withdrawals of principal from your account before maturity. Principal withdrawn before maturity is included in the amount subject to early withdrawal penalty. Accounts opened after March 1, 2022 will be closed if any of the principal amount is withdrawn. You can only withdraw interest credited in the term before maturity of that term without penalty. You can withdraw interest any time during the term of crediting after it is credited to your account. For 7-Day Access Certificates, you cannot withdraw interest from your account before maturity.

Early withdrawal penalties ON ACCOUNTS OPENED PRIOR TO MARCH 1, 2022 – (a penalty may be imposed for withdrawals before maturity):

• If your account has an original maturity of 6 months or less: The fee we may impose will equal 91 days interest on the amount withdrawn.
• If your account has an original maturity of between more than 6 months but less than 60 months: The fee we may impose will equal 182 days interest on the amount withdrawn.
• If your account has an original maturity of more than 60 months: The fee we may impose will equal 365 days interest on the amount withdrawn.
• If your account is a 7-Day Access Certificate: We will not impose a penalty for withdrawals before maturity. However, the funds must remain on deposit for at least 7 days
  before a withdrawal will be allowed.
  

Early withdrawal penalties ON ACCOUNTS OPENED MARCH 1, 2022 OR AFTER (a penalty may be imposed for withdrawals before maturity) :

• The fee we may impose will equal 50% of the term in days interest on the original deposit amount or renewal amount. 

In certain circumstances such as the death or incompetence of an owner of this account, 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.

Withdrawal of interest prior to maturity – The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.
Automatically renewable time account – This account will automatically renew at maturity. You may prevent renewal if you withdraw the funds in the account at maturity (or within the grace period mentioned below, if any) or we receive written notice from you within the grace period mentioned below, if any. We can modify the renewal terms if we mail notice to you at least 30 calendar days before maturity. Said notice will detail the specific renewal terms.

Each renewal term will be the renewal term as indicated on the Certificate Contract. The interest rate will be the same we offer on new time deposits on the maturity date which have the same term, minimum balance (if any) and other features as the original time deposit.

You will have 10 calendar days after maturity to withdraw the funds without a penalty.