18 Month Certificate of Deposit Account

The terms disclosed below are part of your contract with us and are binding upon both of us in connection with your account. Annual Percentage Yield will hereinafter be referred to as APY.

Common Features:

Minimum Balance Requirements
You must deposit $500.00 to open your account and must maintain a minimum balance of $0.01 in the account each day to obtain the disclosed APY.

Rate Information
Your interest rate and APY are fixed. The interest rate for your account is 2.03% with an annual percentage yield of 2.05%. We will pay this rate monthly until the maturity date of the certificate.

Interest Compounding and Crediting
Interest on your account will be compounded monthly. Interest will be credited to the account monthly. The annual percentage yield assumes that the interest remains on deposit until maturity. A withdrawal of interest will reduce earnings. If you close your account before the interest is credited, you will receive the accrued interest.

Calculation Method
For the purpose of calculating interest on your account, we use the Daily Balance Method. This method applies a daily periodic rate to the principal in the account each day.

Accrual of Interest on Non-Cash Items
Accrual of interest on Non-cash items (for example, checks) you deposit will begin on the day the deposit is credited to your account.

Maturity Date
The maturity date on the certificate of deposit is determined by the date the account is funded.

Transaction Limitations
You may not make deposits into your account until the maturity date. There is not a limit on the dollar amount or number of withdrawals, but withdrawals may be subject to an early withdrawal penalty. 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.

Early Withdrawal Penalty
A penalty will be imposed for withdrawals before maturity. A 180-day penalty of interest applies. Early withdrawal penalties may reduce earnings.

Renewal Policy

The method and timing of any notice of the approaching maturity date
You will be notified in writing, at least 30 days prior to the maturity date on your certificate of deposit account. You will be asked to instruct us by mail, in person or by phone regarding the action which you wish to be taken on your account. You may renew, withdraw or transfer the account to another type of deposit account. You will have a grace period of 10 calendar days after the maturity date to withdraw funds without penalty.

Action to be taken if no instructions are received from you at maturity
If you do not instruct us how to handle your certificate of deposit account at maturity, we will automatically renew the account at the same term as the original term.

Change in Terms
Any changes in terms that adversely affect your account will be sent to you at least 30 days prior to the change.

Service Fees and Charges
We will deliver a separate schedule setting forth the fees that can be imposed upon your account. Fees may reduce earnings.

Additional Terms
This disclosure contains the rules which govern your deposit account. Unless it will be inconsistent to do so, words and phrases used in this disclosure should be construed so that the singular includes the plural and the plural includes the singular.

Information Provided Upon Request
If you are not opening an account when you are provided this information be advised the terms, interest, and APY may change, please ask for current information at account opening. The interest rate and APY shown above are accurate as of the date you receive this disclosure. You may call (201) 599-3000 to obtain current rate information.