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18 Month Variable Rate (IRA)

Rate Information – The interest rate on this account is variable.  Your interest rate and annual percentage yield may change.

Frequency of rate changes – We may change the interest rate on your account every month.

Determination of rate – At our discretion, we may change the interest rate on your account.

Compounding frequency – Interest will be compounded at every quarter.

Crediting frequency – Interest will be credited to your account at every quarter.

Minimum balance to open the account – You must deposit at least $100 to open this account.

Minimum balance to obtain the annual percentage yield disclosed – You must maintain a minimum balance of $10 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 non-cash deposits – Interest begins to accrue on the business day you deposit non-cash items (for example, check).

Transaction limitations – You may make additions to the account at any time, in the amount of $10 or more, without extending the maturity date.  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 penalties - A penalty may be imposed for withdrawals before maturity

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.  For any time deposit that earns an interest rate that may vary from time to time during the term, the interest rate we will use to calculate this early withdrawal penalty will be the interest rate in effect at the time of the withdrawal.

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 first maturity.  You may prevent renewal if you withdraw the funds in the account at maturity or within the grace period, or we receive written notice from you within grace period.  We can prevent renewal if we mail notice to you at least 30 calendar days before maturity.  If either you or we prevent renewal, interest will not accrue after that final maturity.

Each renewal term will be the same as the original term, beginning on the maturity date.  Interest will be calculated on the same basis as during the original term.  You will have seven calendar days after maturity to withdraw the funds without a penalty.  Please see a customer service representative for further details.

Please consult your tax advisor to determine how this may affect your situation.