IRA's

Rate Information:  This account is an interest bearing account.  The interest rate and annual percentage yield are included in the rate chart.  The interest rate and annual percentage yield will not change and will be in effect until the account matures.  Interest begins to accrue on the business day you deposit noncash items (example:  checks).  Interest will be compounded annually on all IRAs except for 6-month IRA.  Interest will be credited to the account monthly, quarterly or annually as agreed to at account opening.

Balance information:  We use the daily balance method to calculate the interest on the account.  This method applies a periodic rate to the principal in the account each day.  You must maintain a minimum daily balance of $1,000.00 to obtain the disclosed annual percentage yield.

Limitations:  You must deposit $1,000.00 to open this account.  You may not make additional deposits into this account.  You may not make withdrawals from your account until the maturity date.

Time Account Information:  Your account will mature in the length of time selected at account opening.  If you withdraw any of the principal before the maturity date, we may impose a penalty of one month’s interest on the amount withdrawn for deposits of  less than 12 months and three months’ interest on the amount withdrawn for deposits of one year and greater than one year.  Early withdrawal penalties are waived if, at the time of funds withdrawals, you are at least 59 years old.  This account will automatically renew.  You will have ten days after the maturity date to withdraw funds without penalty.