Rate Information Your
interest rate and annual percentage yield may change.
Frequency of rate changes
We may change the interest rate on your account at any
Determination of rate
At our discretion, we may change the interest rate on
Interest will not be compounded.
Interest will be credited to your account at maturity.
Minimum balance to open the account
You must deposit $1.00 to open this account.
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).
The minimum weekly amount you can deposit is $1.00.
There are no limitations on the frequency or timing of
additional deposits, except that no additions can be
made in the last seven days before maturity. If any
withdrawal is made from this account before maturity
then this account may be closed. You may make
withdrawals of principal from your account before
maturity only if we agree at the time you request the
withdrawal. Principal withdrawn before maturity is
included in the amount subject to early withdrawal
penalty. You cannot withdraw interest from your account
Early withdrawal penalties:
(a penalty may be imposed for withdrawals before
maturity) The fee we may impose will equal $5.00.
In certain circumstances such as death or incompetence
of an owner of this account, the law permits, or in some
cases requires, the waiver of the early withdrawal