External Loans Terms and Conditions

TABLE OF CONTENTS

PRIVACY

FACTSWHAT DOES PB&T BANK DO WITH YOUR PERSONAL INFORMATION?
Why?Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do.
What?The types of personal information we collect and share depend on the product or service you have with us. This information can include:

• Social Security number
• Account balances
• Transaction history
• Overdraft history
• Account transactions
• Checking account information

When you are no longer our customer, we continue to share your information as described in this notice.
How?All financial companies need to share customers’ personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customers’ personal information; the reasons PB&T Bank chooses to share; and whether you can limit this sharing.
Reasons we can share your personal informationDoes PB&T Bank share?Can you limit this sharing?
For our everyday business purposes – such as to process your transactions, maintain your account(s), respond to court orders and legal investigations, or report to credit bureausYesNo
For our marketing purposes – to offer our products and services to youYesNo
For joint marketing with other financial companiesYesNo
For our affiliates’ everyday business purposes – information about your transactions and experiencesNoWe don’t share
For our affiliates’ everyday business purposes – information about your creditworthinessNoWe don’t share
For our affiliates to market to youNoWe don’t share
For nonaffiliates to market to youNoWe don’t share
Questions?Call (719) 545-1834 or toll free 1-888-728-3550 or go to www.pbandt.bank
Who We Are
Who is providing this notice?PB&T Bank
What We Do
How does PB&T Bank protect my personal information?To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings.
At PB&T Bank, privacy is important to us. Your trust and confidence is vital to our business. We are committed to the protection and safekeeping of your personal and financial information.
How does PB&T Bank collect my personal information?We collect your personal information, for example, when you
• Open an account
• Apply for a loan
• Make deposits or withdrawals from your account
• Provide account information
• Give us your contact information
Why can’t I limit all sharing?Federal law gives you the right to limit only
• sharing for affiliates’ everyday business purposes – information about your creditworthiness
• affiliates from using your information to market to you
• sharing for nonaffiliates to market to you
State laws and individual companies may give you additional rights to limit sharing.
Definitions
AffiliatesCompanies related by common ownership or control. They can be financial and non-financial companies.
• PB&T Bank does not share with affiliates.
NonaffiliatesCompanies not related by common ownership or control. They can be financial and non-financial companies.
• PB&T Bank does not share with nonaffiliates so they can market to you.
Joint MarketingA formal agreement between nonaffiliated financial companies that together market financial products or services to you.
• Our joint marketing partners include a direct marketing company and a credit card company.

TERMS AND CONDITIONS
OF YOUR ACCOUNT

IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT – To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.

What this means for you: When you open an account, and from time to time, during your relationship with us, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.

AGREEMENT – This agreement, along with any other documents we give you pertaining to your account(s), is a contract (also referred to as “this agreement”) that establishes rules which control your account(s) with us. Please read this carefully and retain it for future reference. If you open the account (whether in-person, electronically, or by any other method permitted by us) or continue to use the account after receiving a notice of change or amendment, you agree to these rules. You will receive a separate schedule of rates, qualifying balances, and fees if they are not included in this agreement. You agree to pay the fees set forth in these documents immediately, when they become due. We may change the schedule of rates, qualifying balances, and fees from time to time in our sole discretion. If you have any questions, please ask us.

This agreement is subject to applicable federal laws, the laws of the state of Colorado and other applicable rules such as the operating letters of the Federal Reserve Banks and payment processing system rules (except to the extent that this agreement can and does vary such rules or laws). The body of state and federal law that governs our relationship with you, however, is too large and complex to be reproduced here. The purpose of this agreement is to:

(1) summarize some laws that apply to common transactions;
(2) establish rules to cover transactions or events which the law does not regulate;
(3) establish rules for certain transactions or events which the law regulates but permits variation by agreement; and
(4) give you disclosures of some of our policies to which you may be entitled or in which you may be interested.

If any provision of this agreement is found to be unenforceable according to its terms, all remaining provisions will continue in full force and effect. We may permit some variations from our standard agreement, but we must agree to any variation in writing either on the signature card for your account or in some other document. No delay in the exercise of our rights under these terms will operate as a waiver. Any waiver of our rights on one occasion will not be treated as a bar or waiver of such right on another occasion. Nothing in this agreement is intended to vary our duty to act in good faith and with ordinary care when required by law.

As used in this agreement the words “we,” “our,” and “us” mean the financial institution and the words “you” and “your” mean the account holder(s) and anyone else with the authority to deposit, withdraw, or exercise control over the funds in the account. However, this agreement does not intend, and the terms “you” and “your” should not be interpreted, to expand an individual’s responsibility for an organization’s liability. If this account is owned by a corporation, partnership or other organization, individual liability is determined by the laws generally applicable to that type of organization. The headings in this agreement are for convenience or reference only and will not govern the interpretation of the provisions. Unless it would be inconsistent to do so, words and phrases used in this agreement should be construed so the singular includes the plural and the plural includes the singular.

LIABILITY – You agree, for yourself (and the person or entity you represent if you sign as a representative of another) to the terms of this account and the schedule of charges. You authorize us to deduct these charges, without notice to you, directly from the account balance as accrued. You will pay any additional reasonable charges for services you request which are not covered by this agreement.

Each of you also agrees to be jointly and severally (individually) liable for any account shortage resulting from charges or overdrafts, whether caused by you or another with access to this account. This liability is due immediately, and we can deduct any amounts deposited into the account and apply those amounts to the shortage. You have no right to defer payment of this liability, and you are liable regardless of whether you signed the item or benefited from the charge or overdraft.

You will be liable for our costs as well as for our reasonable attorneys’ fees, to the extent permitted by law, whether incurred as a result of collection or in any other dispute involving your account. This includes, but is not limited to, disputes between you and another joint owner; you and an authorized signer or similar party; or a third party claiming an interest in your account. This also includes any action that you or a third party takes regarding the account that causes us, in good faith, to seek the advice of an attorney, whether or not we become involved in the dispute. All costs and attorneys’ fees can be deducted from your account when they are incurred, without notice to you. We are not liable to you for errors that do not result in financial loss to you. We are not liable to you for any claim, cost, loss, or damage caused by an event that is beyond our reasonable control. Circumstances beyond our reasonable control include, but are not limited to: a natural disaster, emergency conditions, labor disputes, legal or governmental action, a breakdown or failure of equipment or software, loss of electronic power, a breakdown of any private or common communication or transmission facilities, acts of God, pandemic, war, and terrorist attacks.

WAIVER OF JURY TRIAL – You, your heirs, successors and assigns, and the Bank, its successors and assigns, knowingly, voluntarily, and intentionally waive any right to a trial by jury regarding any action, proceeding or litigation whatsoever related to, or in any way connected with, this Agreement or any of your accounts with the Bank. Any dispute arising out of these terms and any action to enforce or interpret these terms will be commenced and heard in the state and federal courts located in and encompassing Pueblo, Colorado.

DEPOSITS – We may accept, accept for collection only, refuse, or return all or part of a deposit. If we accept items for deposit to your account or cash them, you are responsible if there is a later problem. We will give only provisional credit until collection is final for any items, other than cash, we accept for deposit (including items drawn “on us”). Before settlement of any item becomes final, we act only as your agent, regardless of the form of indorsement or lack of indorsement on the item and even though we provide you provisional credit for the item. We may reverse any provisional credit for items that are overpaid, lost, stolen, or returned. Unless prohibited by law, we also reserve the right to charge back to your account the amount of any item deposited to your account or cashed for you which was initially paid by the payor bank and which is later returned to us due to an allegedly forged, unauthorized or missing indorsement, claim of alteration, encoding error, counterfeit cashier’s check or other problem which in our judgment justifies reversal of credit. You authorize us to attempt to collect previously returned items without giving you notice, and in attempting to collect we may permit the payor bank to hold an item beyond the midnight deadline. We may also charge you fees, as set forth in our fee schedule, in connection with any returned items. You agree that we may charge those fees directly to your account without notice to you. Actual credit for deposits of, or payable in, foreign currency will be at the exchange rate in effect on final collection in U.S. dollars, based on an exchange rate determined in our sole discretion. You understand that exchange rates fluctuate and accept all risks that may arise as a result of such fluctuations. We are not responsible for transactions by mail or outside depository until we actually record them. We will treat and record all transactions received after our “daily cutoff time” on a business day we are open, or received on a day we are not open for business, as if initiated on the next business day that we are open. At our option, we may take an item for collection rather than for deposit. If we accept a third-party check or draft for deposit, we may require any third-party indorsers to verify or guarantee their indorsements, or indorse in our presence. We may also accept some deposits on a collection basis only. We will process these transactions separately and will only credit your account after we receive payment for them. We charge fees for processing collection items in accordance with our fee schedule. Other financial institutions involved in the collection process may also charge fees and you understand and agree that you are responsible for paying those fees.

WITHDRAWALS –
Important terms for accounts where more than one person can withdraw – Unless clearly indicated otherwise on the account records, any of you, acting alone, who signs to open the account or has authority to make withdrawals may withdraw or transfer all or any part of the account balance at any time. Each of you (until we receive written notice to the contrary) authorizes each other person who signs or has authority to make withdrawals to indorse any item payable to you or your order for deposit to this account or any other transaction with us.

Postdated checks – A postdated check is one which bears a date later than the date on which the check is written. We may properly pay and charge your account for a postdated check even though payment was made before the date of the check, unless we have received written notice of the postdating in time to have a reasonable opportunity to act. Because we process checks mechanically, your notice will not be effective and we will not be liable for failing to honor your notice unless it precisely identifies the number, date, amount and payee of the item.

Checks and withdrawal rules – If you do not purchase your check blanks from us, you must be certain that we approve the check blanks you purchase. We may refuse any withdrawal or transfer request which you attempt on forms not approved by us or by any method we do not specifically permit. We may refuse any withdrawal or transfer request which is greater in number than the frequency permitted by our policy, or which is for an amount greater or less than any withdrawal limitations. We will use the date the transaction is completed by us (as opposed to the date you initiate it) to apply any frequency limitations. In addition, we may place limitations on the account until your identity is verified.

Even if we honor a nonconforming request, we are not required to do so later. If you violate the stated transaction limitations (if any), in our discretion we may close your account or reclassify your account as another type of account. If we reclassify your account, your account will be subject to the fees and earnings rules of the new account classification.

If we are presented with an item drawn against your account that would be a “substitute check,” as defined by law, but for an error or defect in the item introduced in the substitute check creation process, you agree that we may pay such item.

Cash withdrawals – We recommend you take care when making large cash withdrawals because carrying large amounts of cash may pose a danger to your personal safety. As an alternative to making a large cash withdrawal, you may want to consider a cashier’s check or similar instrument. You assume full responsibility of any loss in the event the cash you withdraw is lost, stolen, or destroyed. You agree to hold us harmless from any loss you incur as a result of your decision to withdraw funds in the form of cash.

Multiple signatures, electronic check conversion, and similar transactions – An electronic check conversion transaction is a transaction where a check or similar item is converted into an electronic fund transfer as defined in the Electronic Fund Transfers regulation. In these types of transactions the check or similar item is either removed from circulation (truncated) or given back to you. As a result, we have no opportunity to review the signatures or otherwise examine the original check or item. You agree that we may rely on a single signature for actions taken on any account and you agree that you waive any requirement of multiple signatures.

Notice of withdrawal – We reserve the right to require not less than 7 days’ notice in writing before each withdrawal from an interest-bearing account, other than a time deposit or demand deposit, or from any other savings deposit as defined by Regulation D. (The law requires us to reserve this right, but it is not our general policy to use it.) Withdrawals from a time account prior to maturity or prior to any notice period may be restricted and may be subject to penalty. See your separately provided notice of penalty for early withdrawal.

Limits on withdrawals from savings accounts. These terms impose limits on the number of certain types of withdrawals and transfers you can make each month from a savings account. These limits do not apply to withdrawals you make at a branch, ATM, or by mail. You can make no more than a total of six transactions each monthly cycle (or each month if you have a quarterly statement cycle) from the following: (i) preauthorized transfers from your savings account (including any transfers for overdraft protection); (ii) telephone transfers or other electronic transmissions from your savings account; (iii) online or mobile banking transfers or bill payment transfers from your savings account; or (iv) transfers by check, draft, or debit card, if allowed on your savings account. We count the transaction on the date we post it to your savings account. This date may be different than the date you authorize or complete the transaction. If you exceed the transaction limits, we reserve the right to revoke the privileges on your account or convert your savings account to another type of account (including a non-interest bearing account).

Converting Checks to Electronic Debits. Some businesses will convert checks you provide them to electronic debits and then send us the electronic debit for the amount of your transaction. When we receive this electronic debit, we will charge it to your account. We may receive the electronic debit to your account immediately after it is sent to us, so you may not be able to stop the payment and you may incur an overdraft if your account has insufficient funds to cover the amount of the check. Since we receive only the electronic debit and not the check, we will not have or maintain a copy of the check. We will list these transactions as electronic debits on your account. If the business converts the check and returns the voided check to you, you should treat the voided check with care because it could be used to initiate debits against your account.

UNDERSTANDING AND AVOIDING OVERDRAFT AND NONSUFFICIENT FUNDS (NSF) FEES –
Generally – The information in this section is being provided to help you understand what happens if your account is overdrawn. Understanding the concepts of overdrafts and nonsufficient funds (NSF) is important and can help you avoid being assessed fees or charges. This section also provides contractual terms relating to overdrafts and NSF transactions.

An overdrawn account will typically result in you being charged an overdraft fee or an NSF fee. Generally, an overdraft occurs when there is not enough money in your account to pay for a transaction, but we pay (or cover) the transaction anyway. An NSF transaction is slightly different. In an NSF transaction, we do not cover the transaction. Instead, the transaction is rejected and the item or requested payment is returned. In either situation, we can charge you a fee.

Determining your available balance – We use the “available balance” method to determine whether your account is overdrawn, that is, whether there is enough money in your account to pay for a transaction. Importantly, your “available” balance may not be the same as your account’s “actual” balance. This means an overdraft or an NSF transaction could occur regardless of your account’s actual balance.

Your account’s actual balance (sometimes called the ledger balance) only includes transactions that have settled up to that point in time, that is, transactions (deposits and payments) that have posted to your account. The actual balance does not include outstanding transactions (such as checks that have not yet cleared and electronic transactions that have been authorized but which are still pending). The balance on your periodic statement is the ledger balance for your account as of the statement date.

As the name implies, your available balance is calculated based on the money “available” in your account to make payments. In other words, the available balance takes ACH credit transactions and debit card transactions that have been authorized, but not yet settled, and adds or subtracts them from the actual balance. In addition, when calculating your available balance, any “holds” placed on deposits that have not yet cleared are also subtracted from the actual balance. For overdraft purposes, we determine your available balance based on the available balance in your account at the end of the previous day. For more information on how holds placed on funds in your account can impact your available balance, read the subsection titled “A temporary debit authorization hold affects your account balance.”

Overdrafts – You understand that we may, at our discretion, honor withdrawal requests that overdraw your account. However, the fact that we may honor withdrawal requests that overdraw the account balance does not obligate us to do so later. So you can NOT rely on us to pay overdrafts on your account regardless of how frequently or under what circumstances we have paid overdrafts on your account in the past. We can change our practice of paying, or not paying, discretionary overdrafts on your account without notice to you. You can ask us if we have other account services that might be available to you where we commit to paying overdrafts under certain circumstances, such as an overdraft protection line-of-credit or a plan to sweep funds from another account you have with us. You agree that we may charge fees for overdrafts, as listed in our fee schedule. For consumer accounts, we will not charge fees for overdrafts caused by ATM withdrawals or one-time (sometimes referred to as “everyday”) debit card transactions if you have not opted-in to that service. We may use subsequent deposits, including direct deposits of social security or other government benefits, to cover such overdrafts and overdraft fees.

Nonsufficient funds (NSF) fees – If an item drafted by you (such as a check) or a transaction you set up (such as a preauthorized transfer) is presented for payment in an amount that is more than the amount of money available in your account, and we decide not to pay the item or transaction, you agree that we can charge you an NSF fee, set forth in our fee schedule, for returning the payment. Be aware that such an item or payment may be presented multiple times by the merchant or other payee until it is paid, and that we do not monitor or control the number of times a transaction is presented for payment. You agree that we may charge you an NSF fee each time a payment is presented if the amount of money available in your account is not sufficient to cover the payment, regardless of the number of times the payment is presented.

Payment types – Some, but not necessarily all, of the ways you can access the funds in your account include debit card transactions, automated clearing house (ACH) transactions, and check transactions. All these payment types can use different processing systems and some may take more or less time to post. This information is important for a number of reasons. For example, keeping track of the checks you write and the timing of the preauthorized payments you set up will help you to know what other transactions might still post against your account. For information about how and when we process these different payment types, see the “Payment order of items” subsection below.

Balance information – Keeping track of your balance is important. You can review your balance in a number of ways including reviewing your periodic statement, reviewing your balance online, accessing your account information by phone, or coming into one of our branches.

Funds availability – Knowing when funds you deposit will be made available for withdrawal is another important concept that can help you avoid being assessed fees or charges. Please see our funds availability disclosure (generally titled, “Your Ability to Withdraw Funds”) for information on when different types of deposits will be made available for withdrawal. For an account to which our funds availability policy disclosure does not apply, you can ask us when you make a deposit when those funds will be available for withdrawal. An item may be returned after the funds from the deposit of that item are made available for withdrawal. In that case, we will reverse the credit of the item. We may determine the amount of available funds in your account for the purpose of deciding whether to return an item for insufficient funds at any time between the times we receive the item and when we return the item or send a notice in lieu of return. We need only make one determination, but if we choose to make a subsequent determination, the account balance at the subsequent time will determine whether there are insufficient available funds.

A temporary debit authorization hold affects your account balance – On debit card purchases, merchants may request a temporary hold on your account for a specified sum of money when the merchant does not know the exact amount of the purchase at the time the card is authorized. The amount of the temporary hold may be more than the actual amount of your purchase. Some common transactions where this occurs involve purchases of gasoline, hotel rooms, or meals at restaurants. When this happens, our processing system cannot determine that the amount of the hold exceeds the actual amount of your purchase. This temporary hold, and the amount charged to your account, will eventually be adjusted to the actual amount of your purchase, but it could be three calendar days, or even longer in some cases, before the adjustment is made. Until the adjustment is made, the amount of funds in your account available for other transactions will be reduced by the amount of the temporary hold. If one or more transactions are presented for payment in an amount greater than the funds left after the deduction of the temporary hold amount, you will be charged an NSF or overdraft fee according to our NSF or overdraft fee policy, which may result in one or more overdraft or NSF fees. You will be charged the fee even if you would have had sufficient funds in your account if the amount of the hold had been equal to the amount of your purchase.

Payment order of items – The order in which items are paid is important if there is not enough money in your account to pay all of the items that are presented. The payment order can affect the number of items overdrawn or returned unpaid and the amount of the fees you may have to pay. To assist you in managing your account, we are providing you with the following information regarding how we process those items.

If multiple items will process at the same time, our policy is to process items by dollar amount – smallest to largest on the day they are processed. We process transactions throughout the day. If multiple items will process at the same time, we typically process credits before debits. We reserve the right to change the posting order at any time, at our sole discretion.

If one or more checks, items, or transactions are presented without sufficient funds in your account to pay it, you will be charged an NSF or overdraft fee according to our NSF or overdraft fee policy, which may result in one or more overdraft or NSF fees. We will not charge you a fee for paying an overdraft of an ATM or one-time (sometimes referred to as “everyday”) debit card transaction if this is a consumer account and you have not opted-in to that service. The amounts of the overdraft and NSF fees are disclosed elsewhere, as are your rights to opt in to overdraft services for ATM and one-time debit card transactions, if applicable. We encourage you to make careful records and practice good account management. This will help you to avoid creating items without sufficient funds and potentially incurring the resulting fees.

OWNERSHIP OF ACCOUNT AND BENEFICIARY DESIGNATION – These rules apply to this account depending on the form of ownership and beneficiary designation, if any, specified on the account records. We reserve the right to refuse some forms of ownership and beneficiary designations on any or all of our accounts unless otherwise prohibited by law. We make no representations as to the appropriateness or effect of the ownership and beneficiary designations, except as they determine to whom we pay the account funds. We reserve the right to refuse some forms of ownership and beneficiary designation on any or all of our accounts unless otherwise prohibited by law.

Single-Party Account – Such an account is owned by one party.

Multiple-Party Account – All parties whose names appear on the account are co-owners of that account, regardless of whose money is deposited in the account. Each co-owner acts as an agent of each other co-owner. Each co-owner authorizes the other to operate the account without the consent or approval of the others. We may rely and act on the instructions of any one co-owner without liability to any other.

RIGHTS AT DEATH – Single-Party Account – At the death of a party, ownership passes as part of the party’s estate.

Multiple-Party Account With Right of Survivorship – At death of party, ownership passes to surviving parties. If two or more parties survive and one is the surviving spouse of the deceased party, the amount to which the deceased party, immediately before death, was beneficially entitled by law belongs to the surviving spouse. If two or more parties survive and none is the spouse of the decedent, the amount to which the deceased party, immediately before death, was beneficially entitled by law belongs to the surviving parties in equal shares, and augments the proportion to which each surviving party, immediately before the deceased party’s death, was beneficially entitled under law, and the right of survivorship continues between the surviving parties.

Multiple-Party Account Without Right of Survivorship – At death of party, deceased party’s ownership passes as part of deceased party’s estate.

Single-Party Account With Pay-on-Death Designation – At death of the party, ownership passes to the designated pay-on-death beneficiaries and is not part of the party’s estate.

Multiple-Party Account With Right of Survivorship and Pay-on-Death Designation – At death of last surviving party, ownership passes to the designated pay-on-death beneficiaries and is not part of the last surviving party’s estate.

BUSINESS, ORGANIZATION AND ASSOCIATION ACCOUNTS – Earnings in the form of interest, dividends, or credits will be paid only on collected funds, unless otherwise provided by law or our policy. You represent that you have the authority to open and conduct business on this account on behalf of the entity. We may require the governing body of the entity opening the account to give us a separate authorization telling us who is authorized to act on its behalf. We will honor the authorization until we actually receive written notice of a change from the governing body of the entity.

STOP PAYMENTS – The rules in this section cover stopping payment of items such as checks and drafts. Rules for stopping payment of other types of transfers of funds, such as consumer electronic fund transfers, may be established by law or our policy. If we have not disclosed these rules to you elsewhere, such as in our Electronic Funds Transfer Agreement, you may ask us about those rules.

We may accept an order to stop payment on any item from any one of you. You must make any stop-payment order in the manner required by law and we must receive it in time to give us a reasonable opportunity to act on it before our stop-payment cutoff time. Because the most effective way for us to execute a stop-payment order is by using an automated process, to be effective, your stop-payment order must precisely identify the number, date, and amount of the item, and the payee. You may stop payment on any item drawn on your account whether you sign the item or not. Generally, if your stop-payment order is given to us in writing it is effective for six months. Your order will lapse after that time if you do not renew the order in writing before the end of the six-month period. If the original stop-payment order was oral your stop-payment order will lapse after 14 calendar days if you do not confirm your order in writing within that time period. We are not obligated to notify you when a stop-payment order expires.

If you stop payment on an item and we incur any damages or expenses because of the stop payment, you agree to indemnify us for those damages or expenses, including attorneys’ fees. You assign to us all rights against the payee or any other holder of the item. You agree to cooperate with us in any legal actions that we may take against such persons. You should be aware that anyone holding the item may be entitled to enforce payment against you despite the stop-payment order. You agree to pay any stop payment fees that we set out in our fee schedule that we may charge for processing your stop payment.

Our stop-payment cutoff time is one hour after the opening of the next banking day after the banking day on which we receive the item. Additional limitations on our obligation to stop payment are provided by law (e.g., we paid the item in cash or we certified the item).

TELEPHONE TRANSFERS – A telephone transfer of funds from this account to another account with us, if otherwise arranged for or permitted, may be made by the same persons and under the same conditions generally applicable to withdrawals made in writing. Limitations on the number of telephonic transfers from a savings account, if any, are described elsewhere in these terms, including in the section addressing withdrawals.

AMENDMENTS AND TERMINATION – We may amend or delete any term of this agreement. We may amend or delete any term of this agreement. We may also add new terms to this agreement. In addition, we may suspend, modify, convert, or terminate a service, convert this account to another account type, or close this account for any reason. For any of these types of changes, we may give you reasonable notice in writing by any reasonable method including by mail, by any electronic communication method to which you have agreed, on or with a periodic statement, or through any other method permitted by law. if such notice is required by law. If we close the account, we will tender the account balance to you or your agent personally, by mail, or by another agreed upon method.

Reasonable notice depends on the circumstances, and in some cases, such as when we cannot verify your identity or we suspect fraud, it might be reasonable for us to give you notice after the change becomes effective. For instance, if we suspect fraudulent activity with respect to your account, and if we deem it appropriate under the circumstances and necessary to prevent further fraud, we might immediately freeze or close your account and then give you notice.

Unless otherwise indicated in the notice of change, if we have notified you of a change to your account, and you continue to have your account after the effective date of the change, you have accepted and agreed to the new or modified terms. You should review any change in terms notice carefully as the notice will provide important information of which you may need to be aware.

We reserve the right to waive any term of this agreement. However, such waiver shall not affect our right to enforce the term at a later date.

If you request that we close your account, you are responsible for leaving enough money in the account to cover any outstanding items or transactions to be paid from the account. Once any outstanding items or transactions are paid, we will close the account and tender the account balance, if any, to you or your agent personally, by mail, or by another agreed upon method.

Any items and transactions presented for payment after the account is closed may be dishonored. Any deposits we receive after the account is closed may be returned. We will not be liable for any damages for not honoring any such debits or deposits received after the account is closed.

Note: Rules governing changes in interest rates are provided separately in the Truth-in-Savings disclosure or in another document. In addition, for changes governed by a specific law or regulation, we will follow the specific timing and format notice requirements of those laws or regulations.

CORRECTION OF CLERICAL ERRORS – Unless otherwise prohibited by law, you agree, if determined necessary in our reasonable discretion, to allow us to correct clerical errors, such as obtaining your missing signature, on any account documents or disclosures that are part of our agreement with you. For errors on your periodic statement, please refer to the STATEMENTS section.

NOTICES – Any written notice you give us is effective when we actually receive it, and it must be given to us according to the specific delivery instructions provided elsewhere, if any. We must receive any notice in time to have a reasonable opportunity to act on it. If a notice is regarding a check or other item, you must give us sufficient information to be able to identify the check or item, including the precise check or item number, amount, date and payee. Notice we give you via the United States Mail is effective when it is deposited in the United States Mail with proper postage and addressed to your mailing address we currently have on file. We may also provide you with notices electronically, if you agree to receive communications from us electronically. Our electronic communications with you will be governed by a separate agreement. Notice to any of you is notice to all of you.

STATEMENTS – Your duty to report unauthorized signatures (including forgeries and counterfeit checks) and alterations on checks and other items – You must examine your statement of account with “reasonable promptness.” If you discover (or reasonably should have discovered) any unauthorized signatures (including forgeries and counterfeit checks) or alterations, you must promptly notify us of the relevant facts. As between you and us, if you fail to do either of these duties, you will have to either share the loss with us, or bear the loss entirely yourself (depending on whether we used ordinary care and, if not, whether we contributed to the loss). The loss could be not only with respect to items on the statement but other items with unauthorized signatures or alterations by the same wrongdoer.

You agree that the time you have to examine your statement and report to us will depend on the circumstances, but will not, in any circumstance, exceed a total of 30 days from when the statement is first sent or made available to you.

You further agree that if you fail to report any unauthorized signatures or alterations in your account within 60 days of when we first send or make the statement available, you cannot assert a claim against us on any items in that statement, and as between you and us the loss will be entirely yours. This 60-day limitation is without regard to whether we used ordinary care. We will have no liability to you if you fail to promptly examine your statements. The limitation in this paragraph is in addition to that contained in the first paragraph of this section. In the event that you report an unauthorized signature, alteration, or forgery within the time frame set forth in this section and we do not correct this unauthorized signature, alteration, or forgery, our liability to you will not exceed the amount of the unauthorized signature, alteration, or forgery.

Your duty to report other errors or problems – In addition to your duty to review your statements for unauthorized signatures and alterations, you agree to examine your statement with reasonable promptness for any other error or problem – such as an encoding error or an unexpected deposit amount. Also, if you receive or we make available either your items or images of your items, you must examine them for any unauthorized or missing indorsements or any other problems. You agree that the time you have to examine your statement and items and report to us will depend on the circumstances. However, this time period shall not exceed 60 days. Failure to examine your statement and items and report any errors to us within 60 days of when we first send or make the statement available precludes you from asserting a claim against us for any errors on items identified in that statement and as between you and us the loss will be entirely yours. We will have no liability to you if you fail to promptly examine your statements. In the event that you report an error within the time frame set forth in this section and we do not correct this error, our liability to you will not exceed the amount of the error.

Errors relating to electronic fund transfers or substitute checks – For information on errors relating to electronic fund transfers (e.g., online, mobile, debit card or ATM transactions) refer to your Electronic Fund Transfers disclosure and the sections on consumer liability and error resolution. For information on errors relating to a substitute check you received, refer to your disclosure entitled Substitute Checks and Your Rights.

Duty to notify if statement not received – You agree to immediately notify us if you do not receive your statement by the date you normally expect to receive it. Not receiving your statement in a timely manner is a sign that there may be an issue with your account, such as possible fraud or identity theft. Absent a lack of ordinary care by us, a failure to receive your statement in a timely manner does not extend the time you have to conduct your review under this agreement.

ACCOUNT TRANSFER – This account may not be transferred or assigned without our prior written consent.

REIMBURSEMENT OF FEDERAL BENEFIT PAYMENTS – If we are required for any reason to reimburse the federal government for all or any portion of a benefit payment that was directly deposited into your account, you authorize us to deduct the amount of our liability to the federal government from the account or from any other account you have with us, without prior notice and at any time, except as prohibited by law. We may also use any other available legal remedy to recover the amount of our liability.

TEMPORARY ACCOUNT AGREEMENT – If the account documentation indicates that this is a temporary account agreement, each person who signs to open the account or has authority to make withdrawals (except as indicated to the contrary) may transact business on this account. However, we may at some time in the future restrict or prohibit further use of this account if you fail to comply with the requirements we have imposed within a reasonable time.

SETOFF – We may (without prior notice and when permitted by law) set off the funds in this account against any due and payable debt any of you owe us now or in the future. We may set off funds in your account without reviewing your account to determine if you have available funds in your account. If this account is owned by one or more of you as individuals, we may set off any funds in the account against a due and payable debt a partnership owes us now or in the future, to the extent of your liability as a partner for the partnership debt. If your debt arises from a promissory note, then the amount of the due and payable debt will be the full amount we have demanded, as entitled under the terms of the note, and this amount may include any portion of the balance for which we have properly accelerated the due date.

This right of setoff does not apply to this account if prohibited by law. For example, the right of setoff does not apply to this account if: (a) it is an Individual Retirement Account or similar tax-deferred account, or (b) the debt is created by a consumer credit transaction under a credit card plan (but this does not affect our rights under any consensual security interest), or (c) the debtor’s right of withdrawal only arises in a representative capacity. We will not be liable for the dishonor of any check when the dishonor occurs because we set off a debt against this account. You agree to hold us harmless from any claim arising as a result of our exercise of our right of setoff.

AGENCY (Power of Attorney) DESIGNATION (Single-Party Accounts only) – A single individual is the owner. The agent is merely designated to conduct transactions on the owner’s behalf. The owner does not give up any rights to act on the account, and the agent may not in any manner affect the rights of the owner or beneficiaries, if any, other than by withdrawing funds from the account. The owner is responsible for any transactions of the agent. We undertake no obligation to monitor transactions to determine that they are on the owner’s behalf. We reserve the right, in our sole discretion, to determine whether to accept a form of a power of attorney.

The owner may terminate the agency at any time, and the agency is automatically terminated by the death of the owner. However, we may continue to honor the transactions of the agent until: (a) we have received written notice or have actual knowledge of the termination of the agency, and (b) we have a reasonable opportunity to act on that notice or knowledge. We may refuse to accept the designation of an agent.

RESTRICTIVE LEGENDS OR INDORSEMENTS – The automated processing of the large volume of checks we receive prevents us from inspecting or looking for restrictive legends, restrictive indorsements or other special instructions on every check. For this reason, we are not required to honor any restrictive legend or indorsement or other special instruction placed on checks you write unless we have agreed in writing to the restriction or instruction. Unless we have agreed in writing, we are not responsible for any losses, claims, damages, or expenses that result from your placement of these restrictions or instructions on your checks or our failure to abide by the restrictions or instructions on your checks. Examples of restrictive legends placed on checks are “must be presented within 90 days” or “not valid for more than $1,000.00.” The payee’s signature accompanied by the words “for deposit only” is an example of a restrictive indorsement.

FACSIMILE SIGNATURES – Unless you make advance arrangements with us, we have no obligation to honor facsimile signatures on your checks or other orders. If we do agree to honor items containing facsimile signatures, you authorize us, at any time, to charge you for all checks, drafts, or other orders, for the payment of money, that are drawn on us. You give us this authority regardless of by whom or by what means the facsimile signature(s) may have been affixed so long as they resemble the facsimile signature specimen filed with us, and contain the required number of signatures for this purpose. You must notify us at once if you suspect that your facsimile signature is being or has been misused.

CHECK PROCESSING – We process items mechanically by relying almost exclusively on the information encoded in magnetic ink along the bottom of the items. This means that we do not individually examine all of your items to determine if the item is properly completed, signed and indorsed or to determine if it contains any information other than what is encoded in magnetic ink. You agree that we have exercised ordinary care if our automated processing is consistent with general banking practice, even though we do not inspect each item. Because we do not inspect each item, if you write a check to multiple payees, we can properly pay the check regardless of the number of indorsements unless you notify us in writing that the check requires multiple indorsements. We must receive the notice in time for us to have a reasonable opportunity to act on it, and you must tell us the precise date of the check, amount, check number and payee. We are not responsible for any unauthorized signature or alteration that would not be identified by a reasonable inspection of the item. Using an automated process helps us keep costs down for you and all account holders. You are responsible and bear the risk of loss if you use check stock that contain defects, such as printing inaccuracies, faulty magnetic ink, faulty encoding, or duplicate serial numbers. In the event we were to visually review a check or other item, which we have no obligation to do, we may disregard any restrictive instructions. We may return a check unpaid if, in our sole opinion, it does not bear a signature matching a copy of your signature that we have on file. You agree that we will not be liable to you for honoring any check or other item bearing a signature that in our sole opinion resembles the signature you have on file with us.

CHECK CASHING – We may charge a fee for anyone that does not have an account with us who is cashing a check, draft or other instrument written on your account. We may also require reasonable identification to cash a check, draft or other instrument. We can decide what identification is reasonable under the circumstances and such identification may be documentary or physical and may include collecting a thumbprint or fingerprint. We reserve the right to refuse to cash a check or accept it for deposit and we will not be liable for refusing to cash or accept a check. If we cash a check that you wrote, or accept it for deposit, you understand and agree that we may do so without reviewing your account to see if you have enough available funds to cover the check. If you do not have enough available funds, the terms in the section regarding nonsufficient funds will apply.

INDORSEMENTS – We may accept for deposit any item payable to you or your order, even if they are not indorsed by you. We may give cash back to any one of you. We may supply any missing indorsement(s) for any item we accept for deposit or collection, and you warrant that all indorsements are genuine.

To ensure that your check or share draft is processed without delay, you must indorse it (sign it on the back) in a specific area. Your entire indorsement (whether a signature or a stamp) along with any other indorsement information (e.g. additional indorsements, ID information, driver’s license number, etc.) must fall within 1-1/2” of the “trailing edge” of a check. Indorsements must be made in blue or black ink, so that they are readable by automated check processing equipment.

As you look at the front of a check, the “trailing edge” is the left edge. When you flip the check over, be sure to keep all indorsement information within 1-1/2” of that edge.

Check indorsement example

It is important that you confine the indorsement information to this area since the remaining blank space will be used by others in the processing of the check to place additional needed indorsements and information. You agree that you will indemnify, defend, and hold us harmless for any loss, liability, damage or expense that occurs because your indorsement, another indorsement or information you have printed on the back of the check obscures our indorsement. We reserve the right to reject a check and will not be liable to you if you indorse a check outside of the area, if the area contains any marks or other obstructions or prior indorsements, or if an indorsement is illegal or incomplete. These indorsement guidelines apply to both personal and business checks.

DEATH OR INCOMPETENCE – You agree to notify us promptly if any person with a right to withdraw funds from your account(s) dies or is adjudicated (determined by the appropriate official) incompetent. We may continue to honor your checks, items, and instructions until: (a) we know of your death or adjudication of incompetence, and (b) we have had a reasonable opportunity to act on that knowledge. You agree that we may pay or certify checks drawn on or before the date of death or adjudication of incompetence for up to ten (10) days after your death or adjudication of incompetence unless ordered to stop payment by someone claiming an interest in the account.

FIDUCIARY ACCOUNTS – Accounts may be opened by a person acting in a fiduciary capacity. A fiduciary is someone who is appointed to act on behalf of and for the benefit of another. We are not responsible for the actions of a fiduciary, including the misuse of funds. This account may be opened and maintained by a person or persons named as a trustee under a written trust agreement, or as executors, administrators, or conservators under court orders. You understand that by merely opening such an account, we are not acting in the capacity of a trustee in connection with the trust nor do we undertake any obligation to monitor or enforce the terms of the trust or letters.

CREDIT VERIFICATION – You agree that we may verify credit and employment history by any necessary means, including preparation of a credit report by a credit reporting agency. If you ask us, we will let you know if we requested a credit report and the contact information for the consumer reporting agency that provided us with your credit report.

ACCOUNT SECURITY –
Your duty to protect account information and methods of access – Our policy may require methods of verifying your identity before providing you with a service or allowing you access to your account. We can decide what identification is reasonable under the circumstances. For example, process and identification requirements may vary depending on whether they are online or in person. Identification may be documentary or physical and may include collecting a fingerprint, voiceprint, or other biometric information.

It is your responsibility to protect the account numbers and electronic access devices (e.g., a Debit card) we provide you for your accounts. You should also safeguard your username, password, and other access and identifying information when accessing your account through a computer or other electronic, audio, or mobile device or technology. If you give anyone authority to access the account on your behalf, you should exercise caution and ensure the trustworthiness of that agent. Do not discuss, compare, or share information about your account numbers with anyone unless you are willing to give them full use of your money. An account number can be used by thieves to issue an electronic debit or to encode your number on a false demand draft which looks like and functions like an authorized check. If you furnish your access device or information and grant actual authority to make transfers to another person (a family member or coworker, for example) who then exceeds that authority, you are liable for the transfers unless we have been notified that transfers by that person are no longer authorized. Your account number can also be used to electronically remove money from your account, and payment can be made from your account even though you did not contact us directly and order the payment.

You must also take precaution in safeguarding your blank checks. Notify us at once if you believe your checks have been lost or stolen. As between you and us, if you are negligent in safeguarding your checks, you must bear the loss entirely yourself or share the loss with us (we may have to share some of the loss if we failed to use ordinary care and if we substantially contributed to the loss).

Other fraud prevention services – Except for consumer electronic fund transfers subject to Regulation E, you agree that if we offer you services appropriate for your account to help identify and limit fraud or other unauthorized transactions against your account, and you reject those services, you will be responsible for any fraudulent or unauthorized transactions which could have been prevented by the services we offered. You will not be responsible for such transactions if we acted in bad faith or to the extent our gross negligence contributed to the loss. Such services include commercially reasonable security procedures. If we offered you a commercially reasonable security procedure which you reject, you agree that you are responsible for any payment order, whether authorized or not, that we accept in compliance with an alternative security procedure that you have selected. The positive pay service can help detect and prevent check fraud and is appropriate for account holders that issue a high volume of checks, a lot of checks to the general public, or checks for large dollar amounts.

INSTRUCTIONS FROM YOU – Unless required by law or we have agreed otherwise in writing, we are not required to act upon instructions you give us via facsimile transmission, email, voicemail, or phone call to a facsimile number, email address, or phone number not designated by us for a particular purpose or for a purpose that is unrelated to the request or instruction.

MONITORING AND RECORDING TELEPHONE CALLS AND ACCOUNT COMMUNICATIONS – Subject to federal and state law, we may monitor or record phone calls for security reasons, to maintain a record, and to ensure that you receive courteous and efficient service. You consent in advance to any such recording.

To provide you with the best possible service in our ongoing business relationship for your account, we may need to contact you about your account from time to time by telephone, text messaging, or email. In contacting you about your account, we may use any telephone numbers or email addresses that you have previously provided to us by virtue of an existing business relationship or that you may subsequently provide to us.

You acknowledge that the number we use to contact you may be assigned to a landline, a paging service, a cellular wireless service, a specialized mobile radio service, other radio common carrier service, or any other service for which you may be charged for the call. You acknowledge that we may contact you by voice, voicemail, or text messaging. You further acknowledge that we may use pre-recorded voice messages, artificial voice messages, or automatic telephone dialing systems.

If necessary, you may change or remove any of the telephone numbers, email addresses, or other methods of contacting you at any time using any reasonable means to notify us.

CLAIM OF LOSS – The following rules do not apply to a transaction or claim related to a consumer electronic fund transfer governed by Regulation E (e.g., an everyday/one-time consumer debit card or ATM transaction). The error resolution procedures for consumer electronic fund transfers can be found in our initial Regulation E disclosure generally titled, “Electronic Fund Transfers.” For other transactions or claims, if you claim a credit or refund because of a forgery, alteration, or any other unauthorized withdrawal, you agree to cooperate with us in the investigation of the loss, including giving us an affidavit containing whatever reasonable information we require concerning your account, the transaction, and the circumstances surrounding the loss. You will notify law enforcement authorities of any criminal act related to the claim of lost, missing, or stolen checks or unauthorized withdrawals. We will have a reasonable period of time to investigate the facts and circumstances surrounding any claim of loss. Unless we have acted in bad faith, we will not be liable for special or consequential damages, including loss of profits or opportunity, or for attorneys’ fees incurred by you.

You agree that you will not waive any rights you have to recover your loss against anyone who is obligated to repay, insure, or otherwise reimburse you for your loss. You will pursue your rights or, at our option, assign them to us so that we may pursue them. Our liability will be reduced by the amount you recover or are entitled to recover from these other sources.

EARLY WITHDRAWAL PENALTIES (and involuntary withdrawals) – We may impose early withdrawal penalties on a withdrawal from a time account even if you don’t initiate the withdrawal. For instance, the early withdrawal penalty may be imposed if the withdrawal is caused by our setoff against funds in the account or as a result of an attachment or other legal process. We may close your account and impose the early withdrawal penalty on the entire account balance in the event of a partial early withdrawal. See your separately provided notice of penalty for early withdrawal for additional information. Additional federal taxes, as well as possible additional state and local taxes, may apply if you make a withdrawal from your IRA and you are under age 59-1⁄2.

CHANGES IN NAME AND CONTACT INFORMATION – You are responsible for notifying us of any change in your name, address, or other information we use to communicate with you. Unless we agree otherwise, notice of such a change must be made in writing. Informing us of your address or name change on a check reorder form is not sufficient. We will attempt to communicate with you only by use of the most recent information you have provided to us. If provided elsewhere, we may impose a service fee if we attempt to locate you.

RESOLVING ACCOUNT DISPUTES – We may, but have no obligation to, place an administrative hold on the funds in your account (refuse payment or withdrawal of the funds) if it becomes subject to a claim adverse to (1) your own interest; (2) others claiming an interest as survivors or beneficiaries of your account; or (3) a claim arising by operation of law. The hold may be placed for such period of time as we believe reasonably necessary to allow a legal proceeding to determine the merits of the claim or until we receive evidence satisfactory to us that the dispute has been resolved. We will not be liable for any items that are dishonored as a consequence of placing a hold on funds in your account for these reasons. We may notify all signers, beneficiaries, payees, and other persons claiming an interest in the account of the dispute or uncertainty and will not be liable to you for providing such notice. You agree to indemnify us and will be liable for all expenses and fees (including attorneys’ fees) that we may incur in resolving an account dispute. You agree to pay such amounts immediately and that we may charge them directly to your account.

WAIVER OF NOTICES – To the extent permitted by law, you waive any notice of non-payment, dishonor or protest regarding any items credited to or charged against your account. For example, if you deposit an item and it is returned unpaid or we receive a notice of nonpayment, we do not have to notify you unless required by federal Regulation CC or other law.

FUNDS TRANSFERS – Unless otherwise required by applicable law, such as Regulation J or the operating circulars of the Board of Governors of the Federal Reserve System, this agreement is subject to Article 4A of the Uniform Commercial Code – Fund Transfers as adopted in the state in which you have your account with us. If you originate a fund transfer and you identify by name and number a beneficiary financial institution, an intermediary financial institution or a beneficiary, we and every receiving or beneficiary financial institution may rely on the identifying number to make payment. We may rely on the number even if it identifies a financial institution, person or account other than the one named. You agree to be bound by automated clearing house association and other funds-transfer system rules, as applicable. These rules provide, among other things, that payments made to you, or originated by you, are provisional until final settlement is made through a Federal Reserve Bank or payment is otherwise made as provided in Article 4A-403(a) of the Uniform Commercial Code. If we do not receive such payment, we are entitled to a refund from you in the amount credited to your account and the party originating such payment will not be considered to have paid the amount so credited. Credit entries may be made by ACH or other funds-transfer systems. If we receive a payment order to credit an account you have with us by wire or ACH, we are not required to give you any notice of the payment order or credit. You understand and agree that we may reject ACH and wire transfers and may prohibit you from initiating them in accordance with applicable law and the automated clearing house association rules. We will not be liable to you for any such rejection or for prohibiting you from initiating such transfers.

INTERNATIONAL ACH TRANSACTIONS – Financial institutions are required by law to scrutinize or verify any international ACH transaction (IAT) that they receive against the Specially Designated Nationals (SDN) list of the Office of Foreign Assets Control (OFAC). This action may, from time to time, cause us to temporarily suspend processing of an IAT and potentially affect the settlement and/or availability of such payments.

TRUNCATION, SUBSTITUTE CHECKS, AND OTHER CHECK IMAGES – If you truncate an original check and create a substitute check, or other paper or electronic image of the original check, you warrant that no one will be asked to make payment on the original check, a substitute check or any other electronic or paper image, if the payment obligation relating to the original check has already been paid. You also warrant that any substitute check you create conforms to the legal requirements and generally accepted specifications for substitute checks. You agree to retain the original check in conformance with our policy for retaining original checks. You agree to indemnify us for any loss we may incur as a result of any truncated check transaction you initiate, including any expenses associated with an electronic check if it is returned, if it does not meet the substitute check standards, or it causes duplicate payments. We can refuse to accept substitute checks that have not previously been warranted by a bank or other financial institution in conformance with the Check 21 Act. Unless specifically stated in a separate agreement between you and us, we do not have to accept any other electronic or paper image of an original check.

SUBSTITUTE CHECKS AND YOUR RIGHTS
What is a substitute check? To make check processing faster, federal law permits banks to replace original checks with “substitute checks.” These checks are similar in size to original checks with a slightly reduced image of the front and back of the original check. The front of a substitute check states: “This is a legal copy of your check. You can use it the same way you would use an original check.” You may use a substitute check as proof of payment just like the original check.

Some or all of the checks that you receive back from us may be substitute checks. This notice describes rights you have when you receive substitute checks from us. The rights in this notice do not apply to original checks or to electronic debits to your account. However, you have rights under other law with respect to those transactions.

What are my rights regarding substitute checks? In certain cases, federal law provides a special procedure that allows you to request a refund for losses you suffer if a substitute check is posted to your account (for example, if you think we withdrew the wrong amount from your account or that we withdrew money from your account more than once for the same check). The losses you may attempt to recover under this procedure may include the amount that was withdrawn from your account and fees that were charged as a result of the withdrawal (for example, bounced check fees). The amount of your refund under this procedure is limited to the amount of your loss or the amount of the substitute check, whichever is less. You are also entitled to interest on the amount of your refund if your account is an interest-bearing account. If your loss exceeds the amount of the substitute check, you may be able to recover additional amounts under other law. If you use this procedure, you may receive up to $2,500 of your refund (plus interest if your account earns interest) within 10 business days after we receive your claim and the remainder of your refund (plus interest if your account earns interest) not later than 45 calendar days after we received your claim. We may reverse the refund (including any interest on the refund) if we later are able to demonstrate that the substitute check was correctly posted to your account.

How can I make a claim for a refund? If you believe that you have suffered a loss relating to a substitute check that you received and that was posted to your account, please contact us at 1-888-728-3550. You must contact us within 40 calendar days of the date that we mailed (or otherwise delivered by a means to which you agreed) the substitute check in question or the account statement showing that the substitute check was posted to your account, whichever is later. We will extend this time period if you were not able to make a timely claim because of extraordinary circumstances.

Your claim must include:

  • A description of why you have suffered a loss (for example, you think the amount withdrawn was incorrect);
  • An estimate of the amount of your loss;
  • An explanation of why the substitute check you received is insufficient to confirm that you have suffered a loss; and
  • A copy of the substitute check or the following information to help us identify the substitute check: your account number, the check number, the name of the person to whom you wrote the check, the amount of the check, and the date of the check.

REMOTELY CREATED CHECKS – Like any standard check or draft, a remotely created check (sometimes called a telecheck, preauthorized draft or demand draft) is a check or draft that can be used to withdraw money from an account. Unlike a typical check or draft, however, a remotely created check is not issued by the paying bank and does not contain the signature of the account owner (or a signature purported to be the signature of the account owner). In place of a signature, the check usually has a statement that the owner authorized the check or has the owner’s name typed or printed on the signature line.

You warrant and agree to the following for every remotely created check we receive from you for deposit or collection: (1) you have received express and verifiable authorization to create the check in the amount and to the payee that appears on the check; (2) you will maintain proof of the authorization for at least 2 years from the date of the authorization, and supply us the proof if we ask; and (3) if a check is returned you owe us the amount of the check, regardless of when the check is returned. We may take funds from your account to pay the amount you owe us, and if there are insufficient funds in your account, you still owe us the remaining balance.

UNLAWFUL INTERNET GAMBLING NOTICE – Restricted transactions as defined in Federal Reserve Regulation GG are prohibited from being processed through this account or relationship. Restricted transactions generally include, but are not limited to, those in which credit, electronic fund transfers, checks, or drafts are knowingly accepted by gambling businesses in connection with the participation by others in unlawful Internet gambling.

SUBACCOUNTS – For regulatory accounting purposes, we may classify your accounts as two subaccounts: a checking subaccount and a savings subaccount. For interest bearing checking accounts, we calculate and pay interest at the same rate and in the same way on both subaccounts. For noninterest bearing accounts, we do not pay interest on either subaccount. We may transfer funds between these two subaccounts. We record the subaccounts and any transfers between them on our internal accounting records only. Otherwise, the subaccounts are subject to the same terms as the checking and savings accounts described in this Agreement.

UNCLAIMED PROPERTY – State and federal law govern when accounts are considered abandoned. Your account is usually considered abandoned if you have not performed one of the following actions within the period of time specified by state law: made a deposit or withdrawal, or contacted us about your account. If we charge fees or provide interest payments, or if you have an automatic withdrawal or deposit on your account, it may not be enough activity to prevent your account from being considered abandoned. If your account becomes abandoned, we are required by state law to turn your account over to the state. Before we turn over an abandoned account, we will provide you with written notice unless we have previously sent notices to you and those notices have been returned undeliverable. We may charge you for our costs and expenses associated with any advertisement, notice, payment and delivery of the account to the state agency, unless prohibited by state law. After we turn the account over to the state, we have no further liability to you for the funds and you must contact the applicable state agency to reclaim your funds. If your account becomes inactive, unless otherwise prohibited by state law, we may: charge dormant account fees on your account, stop sending statements, stop paying interest on the account if it is an interest bearing account, or refuse to pay items drawn or payable on the account.

DEPOSIT DISCREPANCIES – All deposits to your accounts, regardless of how made, are subject to verification, final payment and our Funds Availability disclosures which can be found in this Agreement. You agree that our count of the currency and coins in your deposit is correct as to the amount of the deposit and we reserve the right to make adjustments to your account, for computation or other errors to your account.

ELECTRONIC FUND TRANSFERS
YOUR RIGHTS AND RESPONSIBILITIES

Indicated below are types of Electronic Fund Transfers we are capable of handling, some of which may not apply to your account. Please read this disclosure carefully because it tells you your rights and obligations for the transactions listed. You should keep this notice for future reference.

Electronic Fund Transfers Initiated By Third Parties. You may authorize a third party to initiate electronic fund transfers between your account and the third party’s account. These transfers to make or receive payment may be one-time occurrences or may recur as directed by you. These transfers may use the Automated Clearing House (ACH) or other payments network. Your authorization to the third party to make these transfers can occur in a number of ways. For example, your authorization to convert a check to an electronic fund transfer or to electronically pay a returned check charge can occur when a merchant provides you with notice and you go forward with the transaction (typically, at the point of purchase, a merchant will post a sign and print the notice on a receipt). In all cases, these third party transfers will require you to provide the third party with your account number and bank information. This information can be found on your check as well as on a deposit or withdrawal slip. Thus, you should only provide your bank and account information (whether over the phone, the Internet, or via some other method) to trusted third parties whom you have authorized to initiate these electronic fund transfers. Examples of these transfers include, but are not limited to:

  • Preauthorized credits. You may make arrangements for certain direct deposits to be accepted into your checking or savings account(s).
  • Preauthorized payments. You may make arrangements to pay certain recurring bills from your checking account(s).
  • Electronic check conversion. You may authorize a merchant or other payee to make a one-time electronic payment from your checking account using information from your check to pay for purchases or pay bills.
  • Electronic returned check charge. You may authorize a merchant or other payee to initiate an electronic funds transfer to collect a charge in the event a check is returned for insufficient funds.

Telephone Transfers – types of transfers – You may access your account by telephone at 1-800-345-4728 using a touch tone phone, your account numbers and personal identification number (PIN), to:

  • transfer funds from checking to savings
  • transfer funds from savings to checking
  • transfer funds from checking to checking
  • transfer funds from savings to savings
  • get information about:
    • checking and savings accounts
  • report lost or stolen Debit Card

ATM Transfers – types of transfers – You may access your account(s) by ATM using your Visa Debit Card and personal identification number, to:

  • get cash withdrawals from checking account(s) with a debit card
  • get cash withdrawals from savings account(s) with a debit card
  • transfer funds from savings to checking account(s) with a debit card
  • transfer funds from checking to savings account(s) with a debit card
  • transfer funds from checking to checking account(s) with a debit card
  • transfer funds from savings to savings account(s) with a debit card
  • get information about:
    • checking and savings accounts

Some of these services may not be available at all terminals.

Types of Visa Debit Card Point-of-Sale Transactions – You may access your checking account(s) to purchase goods (in person, online, or by phone), pay for services (in person, online, or by phone), get cash from a merchant, if the merchant permits, or from a participating financial institution and do anything that a participating merchant will accept.

Point-of-Sale Transactions – dollar limitations – Using your card:

  • you may not exceed $5,000.00 in transactions per day exclusive of ATM withdrawals

Currency Conversion and International Transactions. When you use your Visa®-branded Debit Card at a merchant that settles in currency other than US dollars, the charge will be converted into the US dollar amount. The currency conversion rate used to determine the transaction amount in US dollars is either a rate selected by Visa from the range of rates available in wholesale currency markets for the applicable central processing date, which rate may vary from the rate Visa itself receives, or the government-mandated rate in effect for the applicable central processing date. The conversion rate in effect on the processing date may differ from the rate in effect on the transaction date or posting date.

Visa USA charges us an International Service Assessment on all international transactions regardless of whether there is a currency conversion. We pass this international transaction fee on to you. An international transaction is a transaction where the issuer of the card used is not located in the transaction country. This means an international transaction can occur even though the transaction is made when you are not in a foreign country. For example, a transaction made online with a foreign merchant is an international transaction even though made while you are physically in the United States.

Advisory Against Illegal Use. You agree not to use your card(s) for illegal gambling or other illegal purpose. Display of a payment card logo by, for example, an online merchant does not necessarily mean that transactions are lawful in all jurisdictions in which the cardholder may be located.

Visa Account Updater Notice of Right to Opt Out. Your Visa Debit Card will be automatically enrolled in the free Visa® Account Updater (VAU) service. VAU helps participating merchants who receive recurring payments from your card have access to current card account information on file. For instance, participating merchants will have access to information about card expiration, or if you report that your card has been lost or stolen. You are entitled to opt out of this service. You may opt out at any time.

If you want to opt out, phone us at 1-888-728-3550 or 719-545-1834. You must include your name and card number. If you opt out, you may opt back in if you decide you want the Visa Account Updater service in the future. You may opt in the same way(s) that you can opt out.

Computer Transfers – types of transfers – You may access your account(s) by computer using your access ID, to:

  • transfer funds from checking to savings
  • transfer funds from savings to checking
  • transfer funds from checking to checking
  • transfer funds from savings to savings
  • make payments from checking to loan account(s) with us
  • get information about:
    • checking and savings accounts

Mobile Banking Transfers – types of transfers – You may access your account(s) using your access ID, password, and Mobile PIN, to:

  • transfer funds from checking to savings
  • transfer funds from savings to checking
  • transfer funds from checking to checking
  • transfer funds from savings to savings
  • make payments from checking to loan account(s) with us
  • get information about:
    • checking and savings accounts

You may be charged access fees by your cell phone provider based on your individual plan. Web access is needed to use this service. Check with your cell phone provider for details on specific fees and charges.

Remittance Transfers. We may permit you to initiate remittance transfers, which are funds transfers for personal, family, or household purposes to a designated recipient in a foreign country. Federal law may provide certain rights and obligations for remittance transfers that differ from the rights and obligations that apply to other types of payment orders, including disclosure, cancellation, and error resolution rights. To the extent the provisions of these terms are inconsistent with the oral or written disclosures provided to you at the time you conduct a remittance transfer, the terms of the disclosures provided at the time of the remittance transfer will govern.

FEES

  • We do not charge for direct deposits to any type of account.

Except as indicated in these terms and conditions or in our fee schedule, we do not charge for these electronic fund transfers.

ATM Operator/Network Fees. When you use an ATM not owned by us, you may be charged a fee by the ATM operator or any network used (and you may be charged a fee for a balance inquiry even if you do not complete a fund transfer).

DOCUMENTATION

  • Terminal transfers. You can get a receipt at the time you make a transfer to or from your account using an automated teller machine or point-of-sale terminal. However, you may not get a receipt if the amount of the transfer is $15 or less.
  • Preauthorized credits. If you have arranged to have direct deposits made to your account at least once every 60 days from the same person or company, you can call us at 719-545-1834 (Main Branch) or 888-728-3550 (Toll Free) to find out whether or not the deposit has been made.
  • Periodic statements. You will get a monthly account statement from us for your checking and savings accounts, unless there are no transfers in a particular month. In any case, you will get a statement at least quarterly. You will get a quarterly account statement from us for your savings accounts, if the only possible electronic transfers to or from the account are preauthorized credits.

PREAUTHORIZED PAYMENTS

  • Right to stop payment and procedure for doing so. If you have told us in advance to make regular payments out of your account, you can stop any of these payments. Here is how:
    Call or write us at the telephone number or address listed in this disclosure in time for us to receive your request 3 business days or more before the payment is
    scheduled to be made. If you call, we may also require you to put your request in writing and get it to us within 14 days after you call.
    Please refer to our separate fee schedule for the amount we will charge you for each stop-payment order you give.
  • Notice of varying amounts. If these regular payments may vary in amount, the person you are going to pay will tell you, 10 days before each payment, when it will be made and how much it will be. (You may choose instead to get this notice only when the payment would differ by more than a certain amount from the previous payment, or when the amount would fall outside certain limits that you set.)
  • Liability for failure to stop payment of preauthorized transfer. If you order us to stop one of these payments 3 business days or more before the transfer is scheduled, and we do not do so, we will be liable for your losses or damages.

FINANCIAL INSTITUTION’S LIABILITY

Liability for failure to make transfers. If we do not complete a transfer to or from your account on time or in the correct amount according to our agreement with you, we will be liable for your losses or damages. However, there are some exceptions. We will not be liable, for instance:

  1. If, through no fault of ours, you do not have enough money in your account to make the transfer.
  2. If you have an overdraft line and the transfer would go over the credit limit.
  3. If the automated teller machine where you are making the transfer does not have enough cash.
  4. If the terminal or system was not working properly and you knew about the breakdown when you started the transfer.
  5. If circumstances beyond our control (such as fire or flood) prevent the transfer, despite reasonable precautions that we have taken.
  6. There may be other exceptions stated in our agreement with you.

CONFIDENTIALITY

We will disclose information to third parties about your account or the transfers you make:

  1. where it is necessary for completing transfers; or
  2. in order to verify the existence and condition of your account for a third party, such as a credit bureau or merchant; or
  3. in order to comply with government agency or court orders; or
  4. as explained in the Privacy Disclosure contained elsewhere in this document.
  5. if you give us written permission.

UNAUTHORIZED TRANSFERS

(a) Consumer liability.

  • Generally. Tell us AT ONCE if you believe your card and/or code has been lost or stolen, or if you believe that an electronic fund transfer has been made without your permission using information from your check. Telephoning is the best way of keeping your possible losses down. If the unauthorized use of your lost or stolen card and/or code occurs through no fault of yours, no liability will be imposed on you. Otherwise, you will be liable for the lesser of:
    (1) $50.00, or
    (2) the amount of any money, property, or services obtained by unauthorized use of the card and/or code before you gave us notice.
    Also, if your statement shows transfers that you did not make, including those made by card, code or other means, tell us at once. Except for electronic funds transfers made by card or other device for use at a communications facility, such as an ATM, if you do not tell us within 60 days after the statement was mailed to you, you may not get back any money you lost after 60 days if we can prove that we could have stopped someone from taking the money if you had told us in time and, as to transactions arising from the unauthorized use of the card and/or code, if your failure to examine your statement or tell us constitutes a lack of due diligence on your part.
    If a good reason (such as a long trip or a hospital stay) kept you from telling us, we will extend the time period.
  • Additional Limits on Liability for Visa®-branded Debit Card. Unless you have been negligent or have engaged in fraud, you will not be liable for any unauthorized transactions using your lost or stolen Visa®-branded Debit Card. In the event these additional limits do not apply (e.g., if you have been negligent or engaged in fraud) the liability limits of Regulation E (described above) apply. This additional limit on liability does not apply to ATM transactions outside of the U.S., to ATM transactions not sent over Visa or Plus networks, or to transactions using your Personal Identification Number which are not processed by VISA®. Visa is a registered trademark of Visa International Service Association.

(b) Contact in event of unauthorized transfer. If you believe your card and/or code has been lost or stolen, call or write us at the telephone number or address listed in this disclosure. You should also call the number or write to the address listed in this disclosure if you believe a transfer has been made using the information from your check without your permission.

ERROR RESOLUTION NOTICE

In Case of Errors or Questions About Your Electronic Transfers, Call or Write us at the telephone number or address listed in this disclosure, as soon as you can, if you think your statement or receipt is wrong or if you need more information about a transfer listed on the statement or receipt. We must hear from you no later than 60 days after we sent the FIRST statement on which the problem or error appeared.

  1. Tell us your name and account number (if any).
  2. Describe the error or the transfer you are unsure about, and explain as clearly as you can why you believe it is an error or why you need more information.
  3. Tell us the dollar amount of the suspected error. If you tell us orally, we may require that you send us your complaint or question in writing within 10 business days.

We will determine whether an error occurred within 10 business days (5 business days for Visa®-branded Debit Card point-of-sale transactions processed by Visa and 20 business days if the transfer involved a new account) after we hear from you and will correct any error promptly. If we need more time, however, we may take up to 45 days (90 days if the transfer involved a new account, a point-of-sale transaction, or a foreign-initiated transfer) to investigate your complaint or question. If we decide to do this, we will credit your account within 10 business days (5 business days for Visa®-branded Debit Card point-of-sale transactions processed by Visa and 20 business days if the transfer involved a new account) for the amount you think is in error, so that you will have the use of the money during the time it takes us to complete our investigation. If we ask you to put your complaint or question in writing and we do not receive it within 10 business days, we may not credit your account. Your account is considered a new account for the first 30 days after the first deposit is made, unless each of you already has an established account with us before this account is opened.

We will tell you the results within three business days after completing our investigation. If we decide that there was no error, we will send you a written explanation.

You may ask for copies of the documents that we used in our investigation.

PB&T BANK
301 W. 5TH STREET
PUEBLO, CO 81003
Business Days: Monday through Friday
Excluding Federal Holidays

Phone: Main Branch: 719-545-1834, Toll Free: 888-728-3550
MORE DETAILED INFORMATION IS AVAILABLE ON REQUEST

YOUR ABILITY TO WITHDRAW FUNDS

This policy statement applies to “transaction” accounts, but not to savings deposits. Transaction accounts, in general, are accounts which permit an unlimited number of payments to third persons and an unlimited number of telephone and preauthorized transfers to other accounts of yours with us. Checking accounts are the most common transaction accounts. Savings accounts and money market deposit accounts are examples of savings deposits. Feel free to ask us whether any of your other accounts might also be under this policy.

Our policy is to make funds from your cash and check deposits available to you on the first business day after the day we receive your deposit. Electronic direct deposits will be available on the day we receive the deposit. Once the funds are available, you can withdraw them in cash and we will use the funds to pay checks that you have written.

Please remember that even after we have made funds available to you, and you have withdrawn the funds, you are still responsible for checks you deposit that are returned to us unpaid and for any other problems involving your deposit.

For determining the availability of your deposits, every day is a business day, except Saturdays, Sundays, and federal holidays. If you make a deposit before closing on a business day that we are open, we will consider that day to be the day of your deposit. However, if you make a deposit after closing or on a day we are not open, we will consider that the deposit was made on the next business day we are open.

If we cash a check for you that is drawn on another bank, we may withhold the availability of a corresponding amount of funds that are already in your account. Those funds will be available at the time funds from the check we cashed would have been available if you had deposited it.

If we accept for deposit a check that is drawn on another bank, we may make funds from the deposit available for withdrawal immediately but delay your availability to withdraw a corresponding amount of funds that you have on deposit in another account with us. The funds in the other account would then not be available for withdrawal until the time periods that are described elsewhere in this disclosure for the type of check that you deposited.

LONGER DELAYS MAY APPLY

Case-by-case delays. In some cases, we will not make all of the funds that you deposit by check available to you on the first business day after the day of your deposit. Depending on the type of check that you deposit, funds may not be available until the second business day after the day of your deposit. The first $225 (until July 1, 2025) or $275 (effective July 1, 2025) of your deposits, however, will be available on the first business day.

If we are not going to make all of the funds from your deposit available on the first business day, we will notify you at the time you make your deposit. We will also tell you when the funds will be available. If your deposit is not made directly to one of our employees, or if we decide to take this action after you have left the premises, we will mail you the notice by the day after we receive your deposit.

If you will need the funds from a deposit right away, you should ask us when the funds will be available.

Safeguard exceptions. In addition, funds you deposit by check may be delayed for a longer period under the following circumstances:

  • We believe a check you deposit will not be paid.
  • You deposit checks totaling more than $5,525 (until July 1, 2025) or $6,725 (effective July 1, 2025) on any one day.
  • You redeposit a check that has been returned unpaid.
  • You have overdrawn your account repeatedly in the last six months.
  • There is an emergency, such as failure of computer or communications equipment.

We will notify you if we delay your ability to withdraw funds for any of these reasons, and we will tell you when the funds will be available. They will generally be available no later than the seventh business day after the day of your deposit.

SPECIAL RULES FOR NEW ACCOUNTS

If you are a new customer, the following special rules will apply during the first 30 days your account is open.

Funds from electronic direct deposits to your account will be available on the day we receive the deposit. Funds from deposits of cash, wire transfers, and the first $5,525 (until July 1, 2025) or $6,725 (effective July 1, 2025) of a day’s total deposits of cashier’s, certified, teller’s, traveler’s, and federal, state and local government checks will be available on the first business day after the day of your deposit if the deposit meets certain conditions. For example, the checks must be payable to you (and you may have to use a special deposit slip). The excess over $5,525 (until July 1, 2025) or $6,725 (effective July 1, 2025) will be available on the ninth business day after the day of your deposit. If your deposit of these checks (other than a U.S. Treasury check) is not made in person to one of our employees, the first $5,525 (until July 1, 2025) or $6,725 (effective July 1, 2025) will not be available until the second business day after the day of your deposit.

Funds from all other check deposits will be available on the tenth business day after the day of your deposit.

TRUTH-IN-SAVINGS DISCLOSURE

SIMPLY FREE CHECKING ACCOUNT

  • Minimum balance to open the account – You must deposit $50.00 to open this account.
  • Fees:
    • A returned item or overdraft fee may be assessed to your account for each item such as a check, draft, withdrawal, transfers to another account, computer transfer, debit card or similar order to a third party, refer to our fee schedule.
    • If you have not made any transactions within 90 days, we may classify your account as inactive or dormant. A fee of $10.00 per month will be assessed for processing your inactive or dormant account, refer to our fee schedule.

CLASSIC 50 CHECKING ACCOUNT

  • Rate Information – Your interest rate and annual percentage yield may change. Frequency of rate changes – We may change the interest rate on your account daily.
  • Determination of rate – At our discretion, we may change the interest rate on your account.
  • Compounding and crediting frequency – Interest will be compounded every month. Interest will be credited to your account every month.
  • Effect of Closing an Account – If you close your account before interest is credited, you will receive the accrued interest.
  • Minimum balance to open the account – You must deposit $50.00 to open this account.
  • Average daily balance computation method – We use the average daily balance method to calculate the interest on your account. This method applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is monthly.
  • Accrual of interest on noncash deposits – Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).
  • Fees:
    • A returned item or overdraft fee may be assessed to your account for each item such as a check, draft, withdrawal, transfers to another account, computer transfer, debit card or similar order to a third party, refer to our fee schedule.
    • If you have not made any transactions within 90 days, we may classify your account as inactive or dormant. A fee will be assessed for processing your inactive or dormant account, refer to our fee schedule.

DIRECT INTEREST CHECKING ACCOUNT

  • Rate Information – Your interest rate and annual percentage yield may change. Frequency of rate changes – We may change the interest rate on your account daily.
  • Determination of rate – At our discretion, we may change the interest rate on your account.
  • Compounding and crediting frequency – Interest will be compounded every month. Interest will be credited to your account every month.
  • Effect of Closing an Account – If you close your account before interest is credited, you will receive the accrued interest.
  • Minimum balance to open the account – You must deposit $50.00 to open this account.
  • Average daily balance computation method – We use the average daily balance method to calculate the interest on your account. This method applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is monthly.
  • Accrual of interest on noncash deposits – Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).
  • Fees:
    • A returned item or overdraft fee may be assessed to your account for each item such as a check, draft, withdrawal, transfers to another account, computer transfer, debit card or similar order to a third party, refer to our fee schedule.
    • If you have not made any transactions within 90 days, we may classify your account as inactive or dormant. A fee will be assessed for processing your inactive or dormant account, refer to our fee schedule.

PLATINUM INTEREST CHECKING ACCOUNT

  • Rate Information – The interest rate and annual percentage yield for your account depend upon the applicable rate tier. The interest rate and annual percentage yield for these tiers may change. Frequency of rate changes – We may change the interest rate on your account daily.
  • Determination of rate – At our discretion, we may change the interest rate on your account.
  • Compounding and crediting frequency – Interest will be compounded every month. Interest will be credited to your account every month.
  • Effect of Closing an Account – If you close your account before interest is credited, you will receive the accrued interest.
  • Minimum balance to open the account – You must deposit $50.00 to open this account.
  • Minimum balance to avoid imposition of fees – A monthly service fee will be imposed every statement cycle if the balance in the account falls below $1,500.00 any day of the cycle, refer to our fee schedule.
  • Minimum balance to obtain the annual percentage yield disclosed – You must maintain a minimum average daily balance of $1,500.00 to obtain the disclosed annual percentage yield. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is monthly.
  • Average daily balance computation method – We use the average daily balance method to calculate the interest on your account. This method applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is monthly.
  • Accrual of interest on noncash deposits – Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).
  • Fees:
    • A returned item or overdraft fee may be assessed to your account for each item such as a check, draft, withdrawal, transfers to another account, computer transfer, debit card or similar order to a third party, refer to our fee schedule.
  • Additional Terms:
    • If you have not made any transactions within 90 days, we may classify your account as inactive or dormant. A fee will be assessed for processing your inactive or dormant account, refer to our fee schedule.
    • *** For applicable rate tier, please refer to the PB&T Bank Rate Disclosure ***

HEALTH SAVINGS ACCOUNT – INDIVIDUAL

  • Rate Information – The interest rate and annual percentage yield for your account depend upon the applicable rate tier. The interest rate and annual percentage yield for these tiers may change. Frequency of rate changes – We may change the interest rate on your account daily.
  • Determination of rate – At our discretion, we may change the interest rate on your account.
  • Compounding and crediting frequency – Interest will be compounded every month. Interest will be credited to your account every month.
  • Effect of Closing an Account – If you close your account before interest is credited, you will receive the accrued interest.
  • Minimum balance to open the account – You must deposit $100.00 to open this account.
  • Average daily balance computation method – We use the average daily balance method to calculate the interest on your account. This method applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is monthly.
  • Accrual of interest on noncash deposits – Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).
  • Additional Terms:
    • *** For applicable rate tier, please refer to the PB&T Bank Rate Disclosure ***

HEALTH SAVINGS ACCOUNT – FAMILY

  • Rate Information – The interest rate and annual percentage yield for your account depend upon the applicable rate tier. The interest rate and annual percentage yield for these tiers may change. Frequency of rate changes – We may change the interest rate on your account daily.
  • Determination of rate – At our discretion, we may change the interest rate on your account.
  • Compounding and crediting frequency – Interest will be compounded every month. Interest will be credited to your account every month.
  • Effect of Closing an Account – If you close your account before interest is credited, you will receive the accrued interest.
  • Minimum balance to open the account – You must deposit $100.00 to open this account.
  • Average daily balance computation method – We use the average daily balance method to calculate the interest on your account. This method applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is monthly.
  • Accrual of interest on noncash deposits – Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).
  • Additional Terms:
    • *** For applicable rate tier, please refer to the PB&T Bank Rate Disclosure ***

MONEY MARKET ACCOUNT

  • Rate Information – The interest rate and annual percentage yield for your account depend upon the applicable rate tier. The interest rate and annual percentage yield for these tiers may change. Frequency of rate changes – We may change the interest rate on your account daily.
  • Determination of rate – At our discretion, we may change the interest rate on your account.
  • Compounding and crediting frequency – Interest will be compounded every month. Interest will be credited to your account every month.
  • Effect of Closing an Account – If you close your account before interest is credited, you will receive the accrued interest.
  • Minimum balance to open the account – You must deposit $1,000.00 to open this account.
  • Minimum balance to avoid imposition of fees – A service charge fee will be imposed every statement cycle if the balance in the account falls below $1,000.00 any day of the cycle, refer to our fee schedule.
  • Minimum balance to obtain the annual percentage yield disclosed – You must maintain a minimum average daily balance of $1,000.00 to obtain the disclosed annual percentage yield. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is monthly.
  • Average daily balance computation method – We use the average daily balance method to calculate the interest on your account. This method applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is monthly.
  • Accrual of interest on noncash deposits – Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).
  • Transaction limitations:
    • Transfers from a Money Market account to another account or to third parties by preauthorized, automatic, telephone or computer transfer or by check, draft, debit card, or similar order to third parties are limited to six per four week period.
  • Fees:
    • An excessive withdrawal fee will be charged for each debit transaction (withdrawal, check paid, automatic transfer or payment out of this account) in excess of six during a month, refer to our fee schedule.
    • A returned item or overdraft fee may be assessed to your account for each item such as a check, draft, withdrawal, transfers to another account, computer transfer, debit card or similar order to a third party, refer to our fee schedule.
  • Additional Terms:
    • *** For applicable rate tier, please refer to the PB&T Bank Rate Disclosure ***

MINOR SAVINGS ACCOUNT

  • Rate Information – Your interest rate and annual percentage yield may change. Frequency of rate changes – We may change the interest rate on your account daily.
  • Determination of rate – At our discretion, we may change the interest rate on your account.
  • Compounding and crediting frequency – Interest will be compounded every quarter. Interest will be credited to your account every quarter.
  • Effect of Closing an Account – If you close your account before interest is credited, you will receive the accrued interest.
  • Minimum balance to open the account – You must deposit $25.00 to open this account.
  • Average daily balance computation method – We use the average daily balance method to calculate the interest on your account. This method applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is quarterly.
  • Accrual of interest on noncash deposits – Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).
  • Transaction limitations:
    • Transfers from a Minor Savings account to another account or to third parties by preauthorized, automatic, telephone, or computer transfer or by check, draft, debit card, or similar order to third parties are limited to six per four week period.
  • Fees:
    • An excessive withdrawal fee will be charged for each debit transaction (withdrawal, check paid, automatic transfer or payment out of this account) in excess of three during a month, refer to our fee schedule.
    • A returned item or overdraft fee may be assessed to your account for each item such as a check, draft, withdrawal, transfers to another account, computer transfer, debit card or similar order to a third party, refer to our fee schedule.

SAVINGS ACCOUNT

  • Rate Information – Your interest rate and annual percentage yield may change. Frequency of rate changes – We may change the interest rate on your account daily.
  • Determination of rate – At our discretion, we may change the interest rate on your account.
  • Compounding and crediting frequency – Interest will be compounded every quarter. Interest will be credited to your account every quarter.
  • Effect of Closing an Account – If you close your account before interest is credited, you will receive the accrued interest.
  • Minimum balance to open the account – You must deposit $100.00 to open this account.
  • Minimum balance to avoid imposition of fees – A service charge fee will be imposed every statement cycle if the balance in the account falls below $200.00 any day of the cycle, refer to our fee schedule.
  • Average daily balance computation method – We use the average daily balance method to calculate the interest on your account. This method applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is quarterly.
  • Accrual of interest on noncash deposits – Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).
  • Transaction limitations:
    • Transfers from a Savings account to another account or to third parties by preauthorized, automatic, telephone, or computer transfer or by check, draft, debit card or similar order to third parties are limited to six per four week period.
  • Fees:
    • An excessive withdrawal fee will be charged for each debit transaction (withdrawal, check paid, automatic transfer or payment out of this account) in excess of three during a month, refer to our fee schedule.
    • A returned item or overdraft fee may be assessed to your account for each item such as a check, draft, withdrawal, transfers to another account, computer transfer, debit card or similar order to a third party, refer to our fee schedule.

7-31 DAY CERTIFICATE OF DEPOSIT ACCOUNT

  • Rate Information – You will be paid the disclosed rate until first maturity.
  • Compounding frequency – Interest will not be compounded.
  • Crediting frequency – Interest will be credited to your account at maturity.
  • Effect of Closing an Account – If you close your account before interest is credited, you will receive the accrued interest.
  • Minimum balance to open the account – You must deposit $2,500.00 to open this account.
  • Minimum balance to obtain the annual percentage yield disclosed – You must maintain a minimum balance of $2,500.00 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 no later than the business day we receive credit for the deposit of 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 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.
    • The annual percentage yield assumes that interest remains on deposit until maturity. A withdrawal of interest will reduce earnings.
  • Time requirements – Your account will mature as stated on your certificate of deposit.
  • Early withdrawal penalties (a penalty may be imposed for withdrawals before maturity) –
    • We may impose a penalty of 7 days interest, on the amount withdrawn subject to penalty, if the withdrawal is made within the first six days after the deposit.
    • 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.
  • Minimum balance accounts – We reserve the right to treat any withdrawal which would reduce the balance remaining in the account below the required minimum initial deposit or minimum balance as a withdrawal of the entire account balance and calculate the amount of the penalty accordingly.
  • 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). If you prevent renewal, interest will not accrue after final maturity.
    • Each renewal term will be the same as the original term, beginning on the maturity date. 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 three calendar days after maturity to withdraw the funds without a penalty.

91 DAY CERTIFICATE OF DEPOSIT ACCOUNT

  • Rate Information – You will be paid the disclosed rate until first maturity.
  • Compounding frequency – Interest will not be compounded.
  • Crediting frequency – Interest will be credited to your account at maturity.
  • Effect of Closing an Account – If you close your account before interest is credited, you will receive the accrued interest.
  • Minimum balance to open the account – You must deposit $1,000.00 to open this account.
  • Minimum balance to obtain the annual percentage yield disclosed – You must maintain a minimum balance of $1,000.00 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 no later than the business day we receive credit for the deposit of 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 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.
    • The annual percentage yield assumes that interest remains on deposit until maturity. A withdrawal of interest will reduce earnings.
  • Time requirements – Your account will mature as stated on your certificate of deposit.
  • Early withdrawal penalties (a penalty may be imposed for withdrawals before maturity) –
    • The fee we may impose will equal 90 days interest on the amount withdrawn subject to penalty.
    • 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.
  • Minimum balance accounts – We reserve the right to treat any withdrawal which would reduce the balance remaining in the account below the required minimum initial deposit or minimum balance as a withdrawal of the entire account balance and calculate the amount of the penalty accordingly.
  • 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). If you prevent renewal, interest will not accrue after final maturity.
    • Each renewal term will be the same as the original term, beginning on the maturity date. 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 ten calendar days after maturity to withdraw the funds without a penalty.

182 DAY CERTIFICATE OF DEPOSIT ACCOUNT

  • Rate Information – You will be paid the disclosed rate until first maturity.
  • Compounding frequency – Interest will not be compounded.
  • Crediting frequency – Interest will be credited to your account at maturity.
  • Effect of Closing an Account – If you close your account before interest is credited, you will receive the accrued interest.
  • Minimum balance to open the account – You must deposit $1,000.00 to open this account.
  • Minimum balance to obtain the annual percentage yield disclosed – You must maintain a minimum balance of $1,000.00 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 no later than the business day we receive credit for the deposit of 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 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.
    • The annual percentage yield assumes that interest remains on deposit until maturity. A withdrawal of interest will reduce earnings.
  • Time requirements – Your account will mature as stated on your certificate of deposit.
  • Early withdrawal penalties (a penalty may be imposed for withdrawals before maturity) –
    • The fee we may impose will equal 90 days interest on the amount withdrawn subject to penalty.
    • 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.
  • Minimum balance accounts – We reserve the right to treat any withdrawal which would reduce the balance remaining in the account below the required minimum initial deposit or minimum balance as a withdrawal of the entire account balance and calculate the amount of the penalty accordingly.
  • 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). If you prevent renewal, interest will not accrue after final maturity.
    • Each renewal term will be the same as the original term, beginning on the maturity date. 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 ten calendar days after maturity to withdraw the funds without a penalty.

12 MONTH CERTIFICATE OF DEPOSIT ACCOUNT

  • Rate Information – You will be paid the disclosed rate until first maturity.
  • Compounding frequency – Interest will be compounded every quarter.
  • Crediting frequency – Interest will be credited to your account every quarter.
  • Effect of Closing an Account – If you close your account before interest is credited, you will receive the accrued interest.
  • Minimum balance to open the account – You must deposit $1,000.00 to open this account.
  • Minimum balance to obtain the annual percentage yield disclosed – You must maintain a minimum balance of $1,000.00 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 no later than the business day we receive credit for the deposit of 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 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.
    • The annual percentage yield assumes that interest remains on deposit until maturity. A withdrawal of interest will reduce earnings.
  • Time requirements – Your account will mature as stated on your certificate of deposit.
  • Early withdrawal penalties (a penalty may be imposed for withdrawals before maturity) –
    • The fee we may impose will equal 90 days interest on the amount withdrawn subject to penalty.
    • 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.
  • Minimum balance accounts – We reserve the right to treat any withdrawal which would reduce the balance remaining in the account below the required minimum initial deposit or minimum balance as a withdrawal of the entire account balance and calculate the amount of the penalty accordingly.
  • 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). If you prevent renewal, interest will not accrue after final maturity.
    • Each renewal term will be the same as the original term, beginning on the maturity date. 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 ten calendar days after maturity to withdraw the funds without a penalty.

18 MONTH CERTIFICATE OF DEPOSIT ACCOUNT

  • Rate Information – You will be paid the disclosed rate until first maturity.
  • Compounding frequency – Interest will be compounded every quarter.
  • Crediting frequency – Interest will be credited to your account every quarter.
  • Effect of Closing an Account – If you close your account before interest is credited, you will receive the accrued interest.
  • 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 $500.00 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 no later than the business day we receive credit for the deposit of 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 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.
    • The annual percentage yield assumes that interest remains on deposit until maturity. A withdrawal of interest will reduce earnings.
  • Time requirements – Your account will mature as stated on your certificate of deposit.
  • Early withdrawal penalties (a penalty may be imposed for withdrawals before maturity) –
    • The fee we may impose will equal 180 days interest on the amount withdrawn subject to penalty.
    • 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.
  • Minimum balance accounts – We reserve the right to treat any withdrawal which would reduce the balance remaining in the account below the required minimum initial deposit or minimum balance as a withdrawal of the entire account balance and calculate the amount of the penalty accordingly.
  • 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). If you prevent renewal, interest will not accrue after final maturity.
    • Each renewal term will be the same as the original term, beginning on the maturity date. 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 ten calendar days after maturity to withdraw the funds without a penalty.

24 MONTH CERTIFICATE OF DEPOSIT ACCOUNT

  • Rate Information – You will be paid the disclosed rate until first maturity.
  • Compounding frequency – Interest will be compounded every quarter.
  • Crediting frequency – Interest will be credited to your account every quarter.
  • Effect of Closing an Account – If you close your account before interest is credited, you will receive the accrued interest.
  • 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 $500.00 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 no later than the business day we receive credit for the deposit of 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 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.
    • The annual percentage yield assumes that interest remains on deposit until maturity. A withdrawal of interest will reduce earnings.
  • Time requirements – Your account will mature as stated on your certificate of deposit.
  • Early withdrawal penalties (a penalty may be imposed for withdrawals before maturity) –
    • The fee we may impose will equal 180 days interest on the amount withdrawn subject to penalty.
    • 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.
  • Minimum balance accounts – We reserve the right to treat any withdrawal which would reduce the balance remaining in the account below the required minimum initial deposit or minimum balance as a withdrawal of the entire account balance and calculate the amount of the penalty accordingly.
  • 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). If you prevent renewal, interest will not accrue after final maturity.
    • Each renewal term will be the same as the original term, beginning on the maturity date. 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 ten calendar days after maturity to withdraw the funds without a penalty.

30 MONTH CERTIFICATE OF DEPOSIT ACCOUNT

  • Rate Information – You will be paid the disclosed rate until first maturity.
  • Compounding frequency – Interest will be compounded every quarter.
  • Crediting frequency – Interest will be credited to your account every quarter.
  • Effect of Closing an Account – If you close your account before interest is credited, you will receive the accrued interest.
  • 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 $500.00 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 no later than the business day we receive credit for the deposit of 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 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.
    • The annual percentage yield assumes that interest remains on deposit until maturity. A withdrawal of interest will reduce earnings.
  • Time requirements – Your account will mature as stated on your certificate of deposit.
  • Early withdrawal penalties (a penalty may be imposed for withdrawals before maturity) –
    • The fee we may impose will equal 180 days interest on the amount withdrawn subject to penalty.
    • 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.
  • Minimum balance accounts – We reserve the right to treat any withdrawal which would reduce the balance remaining in the account below the required minimum initial deposit or minimum balance as a withdrawal of the entire account balance and calculate the amount of the penalty accordingly.
  • 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). If you prevent renewal, interest will not accrue after final maturity.
    • Each renewal term will be the same as the original term, beginning on the maturity date. 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 ten calendar days after maturity to withdraw the funds without a penalty.

36 MONTH CERTIFICATE OF DEPOSIT ACCOUNT

  • Rate Information – You will be paid the disclosed rate until first maturity.
  • Compounding frequency – Interest will be compounded every quarter.
  • Crediting frequency – Interest will be credited to your account every quarter.
  • Effect of Closing an Account – If you close your account before interest is credited, you will receive the accrued interest.
  • 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 $500.00 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 no later than the business day we receive credit for the deposit of 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 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.
    • The annual percentage yield assumes that interest remains on deposit until maturity. A withdrawal of interest will reduce earnings.
  • Time requirements – Your account will mature as stated on your certificate of deposit.
  • Early withdrawal penalties (a penalty may be imposed for withdrawals before maturity) –
    • The fee we may impose will equal 180 days interest on the amount withdrawn subject to penalty.
    • 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.
  • Minimum balance accounts – We reserve the right to treat any withdrawal which would reduce the balance remaining in the account below the required minimum initial deposit or minimum balance as a withdrawal of the entire account balance and calculate the amount of the penalty accordingly.
  • 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). If you prevent renewal, interest will not accrue after final maturity.
    • Each renewal term will be the same as the original term, beginning on the maturity date. 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 ten calendar days after maturity to withdraw the funds without a penalty.

48 MONTH CERTIFICATE OF DEPOSIT ACCOUNT

  • Rate Information – You will be paid the disclosed rate until first maturity.
  • Compounding frequency – Interest will be compounded every quarter.
  • Crediting frequency – Interest will be credited to your account every quarter.
  • Effect of Closing an Account – If you close your account before interest is credited, you will receive the accrued interest.
  • 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 $500.00 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 no later than the business day we receive credit for the deposit of 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 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.
    • The annual percentage yield assumes that interest remains on deposit until maturity. A withdrawal of interest will reduce earnings.
  • Time requirements – Your account will mature as stated on your certificate of deposit.
  • Early withdrawal penalties (a penalty may be imposed for withdrawals before maturity) –
    • The fee we may impose will equal 180 days interest on the amount withdrawn subject to penalty.
    • 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.
  • Minimum balance accounts – We reserve the right to treat any withdrawal which would reduce the balance remaining in the account below the required minimum initial deposit or minimum balance as a withdrawal of the entire account balance and calculate the amount of the penalty accordingly.
  • 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). If you prevent renewal, interest will not accrue after final maturity.
    • Each renewal term will be the same as the original term, beginning on the maturity date. 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 ten calendar days after maturity to withdraw the funds without a penalty.

12 MONTH IRA CERTIFICATE OF DEPOSIT ACCOUNT

  • Rate Information – You will be paid the disclosed rate until first maturity.
  • Compounding frequency – Interest will be compounded every quarter.
  • Crediting frequency – Interest will be credited to your account every quarter.
  • Effect of Closing an Account – If you close your account before interest is credited, you will receive the accrued interest. 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 $500.00 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 no later than the business day we receive credit for the deposit of noncash items (for example, checks).
  • Transaction limitations:
    • You may make unlimited deposits into your account.
    • 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.
    • 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.
    • The annual percentage yield assumes that interest remains on deposit until maturity. A withdrawal of interest will reduce earnings.
  • Time requirements – Your account will mature as stated on your certificate of deposit.
  • Early withdrawal penalties (a penalty may be imposed for withdrawals before maturity) –
    • The fee we may impose will equal 90 days interest on the amount withdrawn subject to penalty.
    • 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.
  • Minimum balance accounts – We reserve the right to treat any withdrawal which would reduce the balance remaining in the account below the required minimum initial deposit or minimum balance as a withdrawal of the entire account balance and calculate the amount of the penalty accordingly.
  • 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). If you prevent renewal, interest will not accrue after final maturity.
    • Each renewal term will be the same as the original term, beginning on the maturity date. 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 ten calendar days after maturity to withdraw the funds without a penalty.

12 MONTH ROTH IRA CERTIFICATE OF DEPOSIT ACCOUNT

  • Rate Information – You will be paid the disclosed rate until first maturity.
  • Compounding frequency – Interest will be compounded every quarter.
  • Crediting frequency – Interest will be credited to your account every quarter.
  • Effect of Closing an Account – If you close your account before interest is credited, you will receive the accrued interest.
  • 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 $500.00 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 no later than the business day we receive credit for the deposit of noncash items (for example, checks).
  • Transaction limitations:
    • You may make unlimited deposits into your account.
    • 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.
    • 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.
    • The annual percentage yield assumes that interest remains on deposit until maturity. A withdrawal of interest will reduce earnings.
  • Time requirements – Your account will mature as stated on your certificate of deposit.
  • Early withdrawal penalties (a penalty may be imposed for withdrawals before maturity) –
    • The fee we may impose will equal 90 days interest on the amount withdrawn subject to penalty.
    • 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.
  • Minimum balance accounts – We reserve the right to treat any withdrawal which would reduce the balance remaining in the account below the required minimum initial deposit or minimum balance as a withdrawal of the entire account balance and calculate the amount of the penalty accordingly.
  • 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). If you prevent renewal, interest will not accrue after final maturity.
    • Each renewal term will be the same as the original term, beginning on the maturity date. 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 ten calendar days after maturity to withdraw the funds without a penalty.

18 MONTH IRA CERTIFICATE OF DEPOSIT ACCOUNT

  • Rate Information – You will be paid the disclosed rate until first maturity.
  • Compounding frequency – Interest will be compounded every quarter.
  • Crediting frequency – Interest will be credited to your account every quarter.
  • Effect of Closing an Account – If you close your account before interest is credited, you will receive the accrued interest.
  • 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 $500.00 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 no later than the business day we receive credit for the deposit of noncash items (for example, checks).
  • Transaction limitations:
    • You may make unlimited deposits into your account.
    • 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.
    • 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.
    • The annual percentage yield assumes that interest remains on deposit until maturity. A withdrawal of interest will reduce earnings.
  • Time requirements – Your account will mature as stated on your certificate of deposit.
  • Early withdrawal penalties (a penalty may be imposed for withdrawals before maturity) –
    • The fee we may impose will equal 180 days interest on the amount withdrawn subject to penalty.
    • 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.
  • Minimum balance accounts – We reserve the right to treat any withdrawal which would reduce the balance remaining in the account below the required minimum initial deposit or minimum balance as a withdrawal of the entire account balance and calculate the amount of the penalty accordingly.
  • 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). If you prevent renewal, interest will not accrue after final maturity.
    • Each renewal term will be the same as the original term, beginning on the maturity date. 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 ten calendar days after maturity to withdraw the funds without a penalty.

18 MONTH ROTH IRA CERTIFICATE OF DEPOSIT ACCOUNT

  • Rate Information – You will be paid the disclosed rate until first maturity.
  • Compounding frequency – Interest will be compounded every quarter.
  • Crediting frequency – Interest will be credited to your account every quarter.
  • Effect of Closing an Account – If you close your account before interest is credited, you will receive the accrued interest.
  • 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 $500.00 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 no later than the business day we receive credit for the deposit of noncash items (for example, checks).
  • Transaction limitations:
    • You may make unlimited deposits into your account.
    • 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.
    • 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.
    • The annual percentage yield assumes that interest remains on deposit until maturity. A withdrawal of interest will reduce earnings.
  • Time requirements – Your account will mature as stated on your certificate of deposit.
  • Early withdrawal penalties (a penalty may be imposed for withdrawals before maturity) –
    • The fee we may impose will equal 180 days interest on the amount withdrawn subject to penalty.
    • 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.
  • Minimum balance accounts – We reserve the right to treat any withdrawal which would reduce the balance remaining in the account below the required minimum initial deposit or minimum balance as a withdrawal of the entire account balance and calculate the amount of the penalty accordingly.
  • 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). If you prevent renewal, interest will not accrue after final maturity.
    • Each renewal term will be the same as the original term, beginning on the maturity date. 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 ten calendar days after maturity to withdraw the funds without a penalty.

24 MONTH IRA CERTIFICATE OF DEPOSIT ACCOUNT

  • Rate Information – You will be paid the disclosed rate until first maturity.
  • Compounding frequency – Interest will be compounded every quarter.
  • Crediting frequency – Interest will be credited to your account every quarter.
  • Effect of Closing an Account – If you close your account before interest is credited, you will receive the accrued interest.
  • 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 $500.00 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 no later than the business day we receive credit for the deposit of noncash items (for example, checks).
  • Transaction limitations:
    • You may make unlimited deposits into your account.
    • 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.
    • 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.
    • The annual percentage yield assumes that interest remains on deposit until maturity. A withdrawal of interest will reduce earnings.
  • Time requirements – Your account will mature as stated on your certificate of deposit.
  • Early withdrawal penalties (a penalty may be imposed for withdrawals before maturity) –
    • The fee we may impose will equal 180 days interest on the amount withdrawn subject to penalty.
    • 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.
  • Minimum balance accounts – We reserve the right to treat any withdrawal which would reduce the balance remaining in the account below the required minimum initial deposit or minimum balance as a withdrawal of the entire account balance and calculate the amount of the penalty accordingly.
  • 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). If you prevent renewal, interest will not accrue after final maturity.
    • Each renewal term will be the same as the original term, beginning on the maturity date. 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 ten calendar days after maturity to withdraw the funds without a penalty.

24 MONTH ROTH IRA CERTIFICATE OF DEPOSIT ACCOUNT

  • Rate Information – You will be paid the disclosed rate until first maturity.
  • Compounding frequency – Interest will be compounded every quarter.
  • Crediting frequency – Interest will be credited to your account every quarter.
  • Effect of Closing an Account – If you close your account before interest is credited, you will receive the accrued interest.
  • 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 $500.00 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 no later than the business day we receive credit for the deposit of noncash items (for example, checks).
  • Transaction limitations:
    • You may make unlimited deposits into your account. 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.
    • 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.
    • The annual percentage yield assumes that interest remains on deposit until maturity. A withdrawal of interest will reduce earnings.
  • Time requirements – Your account will mature as stated on your certificate of deposit.
  • Early withdrawal penalties (a penalty may be imposed for withdrawals before maturity) –
    • The fee we may impose will equal 180 days interest on the amount withdrawn subject to penalty.
    • 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.
  • Minimum balance accounts – We reserve the right to treat any withdrawal which would reduce the balance remaining in the account below the required minimum initial deposit or minimum balance as a withdrawal of the entire account balance and calculate the amount of the penalty accordingly.
  • 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). If you prevent renewal, interest will not accrue after final maturity.
    • Each renewal term will be the same as the original term, beginning on the maturity date. 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 ten calendar days after maturity to withdraw the funds without a penalty.

30 MONTH IRA CERTIFICATE OF DEPOSIT ACCOUNT

  • Rate Information – You will be paid the disclosed rate until first maturity.
  • Compounding frequency – Interest will be compounded every quarter.
  • Crediting frequency – Interest will be credited to your account every quarter.
  • Effect of Closing an Account – If you close your account before interest is credited, you will receive the accrued interest.
  • 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 $500.00 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 no later than the business day we receive credit for the deposit of noncash items (for example, checks).
  • Transaction limitations:
    • You may make unlimited deposits into your account.
    • 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.
    • 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.
    • The annual percentage yield assumes that interest remains on deposit until maturity. A withdrawal of interest will reduce earnings.
  • Time requirements – Your account will mature as stated on your certificate of deposit.
  • Early withdrawal penalties (a penalty may be imposed for withdrawals before maturity) –
    • The fee we may impose will equal 180 days interest on the amount withdrawn subject to penalty.
    • 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.
  • Minimum balance accounts – We reserve the right to treat any withdrawal which would reduce the balance remaining in the account below the required minimum initial deposit or minimum balance as a withdrawal of the entire account balance and calculate the amount of the penalty accordingly.
    • 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). If you prevent renewal, interest will not accrue after final maturity.
    • Each renewal term will be the same as the original term, beginning on the maturity date. 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 ten calendar days after maturity to withdraw the funds without a penalty.

30 MONTH ROTH IRA CERTIFICATE OF DEPOSIT ACCOUNT

  • Rate Information – You will be paid the disclosed rate until first maturity.
  • Compounding frequency – Interest will be compounded every quarter.
  • Crediting frequency – Interest will be credited to your account every quarter.
  • Effect of Closing an Account – If you close your account before interest is credited, you will receive the accrued interest.
  • 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 $500.00 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 no later than the business day we receive credit for the deposit of noncash items (for example, checks).
  • Transaction limitations:
    • You may make unlimited deposits into your account.
    • 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.
    • 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.
    • The annual percentage yield assumes that interest remains on deposit until maturity. A withdrawal of interest will reduce earnings.
  • Time requirements – Your account will mature as stated on your certificate of deposit.
  • Early withdrawal penalties (a penalty may be imposed for withdrawals before maturity) –
    • The fee we may impose will equal 180 days interest on the amount withdrawn subject to penalty.
    • 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.
  • Minimum balance accounts – We reserve the right to treat any withdrawal which would reduce the balance remaining in the account below the required minimum initial deposit or minimum balance as a withdrawal of the entire account balance and calculate the amount of the penalty accordingly.
  • 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). If you prevent renewal, interest will not accrue after final maturity.
    • Each renewal term will be the same as the original term, beginning on the maturity date. 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 ten calendar days after maturity to withdraw the funds without a penalty.

36 MONTH IRA CERTIFICATE OF DEPOSIT ACCOUNT

  • Rate Information – You will be paid the disclosed rate until first maturity.
  • Compounding frequency – Interest will be compounded every quarter. Crediting frequency – Interest will be credited to your account every quarter.
  • Effect of Closing an Account – If you close your account before interest is credited, you will receive the accrued interest.
  • 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 $500.00 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 no later than the business day we receive credit for the deposit of noncash items (for example, checks).
  • Transaction limitations:
    • You may make unlimited deposits into your account.
    • 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.
    • 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.
    • The annual percentage yield assumes that interest remains on deposit until maturity. A withdrawal of interest will reduce earnings.
  • Time requirements – Your account will mature as stated on your certificate of deposit.
  • Early withdrawal penalties (a penalty may be imposed for withdrawals before maturity) –
    • The fee we may impose will equal 180 days interest on the amount withdrawn subject to penalty.
    • 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.
  • Minimum balance accounts – We reserve the right to treat any withdrawal which would reduce the balance remaining in the account below the required minimum initial deposit or minimum balance as a withdrawal of the entire account balance and calculate the amount of the penalty accordingly.
  • 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). If you prevent renewal, interest will not accrue after final maturity.
    • Each renewal term will be the same as the original term, beginning on the maturity date. 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 ten calendar days after maturity to withdraw the funds without a penalty.

36 MONTH ROTH IRA CERTIFICATE OF DEPOSIT ACCOUNT

  • Rate Information – You will be paid the disclosed rate until first maturity.
  • Compounding frequency – Interest will be compounded every quarter.
  • Crediting frequency – Interest will be credited to your account every quarter.
  • Effect of Closing an Account – If you close your account before interest is credited, you will receive the accrued interest.
  • 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 $500.00 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 no later than the business day we receive credit for the deposit of noncash items (for example, checks).
  • Transaction limitations:
    • You may make unlimited deposits into your account.
    • 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.
    • 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.
    • The annual percentage yield assumes that interest remains on deposit until maturity. A withdrawal of interest will reduce earnings.
  • Time requirements – Your account will mature as stated on your certificate of deposit.
  • Early withdrawal penalties (a penalty may be imposed for withdrawals before maturity) –
    • The fee we may impose will equal 180 days interest on the amount withdrawn subject to penalty.
    • 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.
  • Minimum balance accounts – We reserve the right to treat any withdrawal which would reduce the balance remaining in the account below the required minimum initial deposit or minimum balance as a withdrawal of the entire account balance and calculate the amount of the penalty accordingly.
  • 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). If you prevent renewal, interest will not accrue after final maturity.
    • Each renewal term will be the same as the original term, beginning on the maturity date. 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 ten calendar days after maturity to withdraw the funds without a penalty.

48 MONTH IRA CERTIFICATE OF DEPOSIT ACCOUNT

  • Rate Information – You will be paid the disclosed rate until first maturity.
  • Compounding frequency – Interest will be compounded every quarter.
  • Crediting frequency – Interest will be credited to your account every quarter.
  • Effect of Closing an Account – If you close your account before interest is credited, you will receive the accrued interest.
  • 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 $500.00 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 no later than the business day we receive credit for the deposit of noncash items (for example, checks).
  • Transaction limitations:
    • You may make unlimited deposits into your account.
    • 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.
    • 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.
    • The annual percentage yield assumes that interest remains on deposit until maturity. A withdrawal of interest will reduce earnings.
  • Time requirements – Your account will mature as stated on your certificate of deposit.
  • Early withdrawal penalties (a penalty may be imposed for withdrawals before maturity) –
    • The fee we may impose will equal 180 days interest on the amount withdrawn subject to penalty.
    • 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.
  • Minimum balance accounts – We reserve the right to treat any withdrawal which would reduce the balance remaining in the account below the required minimum initial deposit or minimum balance as a withdrawal of the entire account balance and calculate the amount of the penalty accordingly.
  • 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). If you prevent renewal, interest will not accrue after final maturity.
    • Each renewal term will be the same as the original term, beginning on the maturity date. 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 ten calendar days after maturity to withdraw the funds without a penalty.

48 MONTH ROTH IRA CERTIFICATE OF DEPOSIT ACCOUNT

  • Rate Information – You will be paid the disclosed rate until first maturity.
  • Compounding frequency – Interest will be compounded every quarter.
  • Crediting frequency – Interest will be credited to your account every quarter.
  • Effect of Closing an Account – If you close your account before interest is credited, you will receive the accrued interest.
  • 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 $500.00 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 no later than the business day we receive credit for the deposit of noncash items (for example, checks).
  • Transaction limitations:
    • You may make unlimited deposits into your account.
    • 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.
    • 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.
    • The annual percentage yield assumes that interest remains on deposit until maturity. A withdrawal of interest will reduce earnings.
  • Time requirements – Your account will mature as stated on your certificate of deposit.
  • Early withdrawal penalties (a penalty may be imposed for withdrawals before maturity) –
    • The fee we may impose will equal 180 days interest on the amount withdrawn subject to penalty.
    • 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.
  • Minimum balance accounts – We reserve the right to treat any withdrawal which would reduce the balance remaining in the account below the required minimum initial deposit or minimum balance as a withdrawal of the entire account balance and calculate the amount of the penalty accordingly.
  • 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). If you prevent renewal, interest will not accrue after final maturity.
    • Each renewal term will be the same as the original term, beginning on the maturity date. 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 ten calendar days after maturity to withdraw the funds without a penalty.

COMMON FEATURES

Please refer to our separate rate sheet for current interest rate and annual percentage yield information and to our separate fee schedule for additional information about charges.