New Dominion Bank

Charlotte NC 28204
(704) 943-5700 or (800) 592-6248

NEW ACCOUNT AGREEMENT & TRUTH-IN-SAVINGS ACCOUNT DISCLOSURES

TERMS AND CONDITIONS APPLICABLE TO ALL DEPOSIT ACCOUNTS

AGREEMENT The following information, along with any other documentation made available to you and pertaining to your account(s), is a contract that establishes rules which control your accounts(s) with us. Please read this entire disclosure statement carefully so you understand your rights and obligations for your deposit account relationship with us. You are also encouraged to retrain this information (and all changes to this disclosure) for future reference. If you sign the signature card or open or continue to use the account, you agree to these rules.

This agreement is subject to applicable federal laws and the laws of the state of North Carolina (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. Therefore the purpose of this document is to:

If any provision of this document 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.

As used in this document 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. The headings in this document 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 document should be construed to the singular includes the plural and the plural includes the singular. This account may not be transferred or assigned without our written consent.

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 General Service Charges fee schedule that may be imposed. You authorize us to deduct these charges directly from the account balance as accrued. You also agree to pay 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 can be deducted directly from the account balance whenever sufficient funds are available. You have no right to defer payment for this liability, and you are liable regardless of whether you signed the item or benefited from the charge or overdraft. You will also be liable for our costs to collect the deficit 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 including, but 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.

DEPOSITS 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"). 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. 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 cut-off time" on a business day we are open, or received on a day in which we are not open for business, as if initiated on the next business day that we are open.

WITHDRAWALS 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. You agree that, as to any item that we have no opportunity to examine the signatures, such as an electronic check conversion transaction where a check or similar item is converted into an electronic fund transfer as defined in the Electronic Fund Transfers regulation, you waive any requirement of multiple signatures for withdrawal. We may charge your account for a check even though payment was made before the date of the check, unless we have received written notice of the postdating in time to give us a reasonable opportunity to act. We may refuse any withdrawal or transfer request which you attempt on forms not approved by us, by any method we do not specifically permit, which is greater in number than the frequency permitted, or which is for an amount greater or less than any withdrawal limitations. Even if we honor a nonconforming request, we may treat continued abuse of the stated limitations (if any) as your act of closing the account. We will use the date the transaction is completed by us (as opposed to the day you initiate it) to apply the frequency limitations. The fact that we may honor withdrawal requests that overdraw the available account balance does not obligate us to do so later. You agree that we may charge fees for overdrafts and use subsequent deposits, including direct deposits or social security or other government benefits, to cover such overdrafts and overdraft fees. 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. See the funds availability policy disclosure for information about when you can withdraw funds you deposit. For those accounts for 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.

We may require not less than seven days' notice in writing before each withdrawal from an interest-bearing account other than a time deposit, from any other savings account as defined by Regulation D. 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 notice of penalty for early withdrawal.

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 account records. 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.

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. 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 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. 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, if you have an equal or greater right to withdraw from this account than the person who signed the item. A release of the stop-payment request may be made only by the person who initiated the 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. Unless a different limitation is disclosed in writing, we restrict the number of transfers from a savings account to another account or to third parties, to a maximum of six per month (less the number of "preauthorized transfers" during the month). Other account transfer restrictions may be described elsewhere.

AMENDMENTS AND TERMINATION We may change any term of this agreement. Rules governing changes in interest rates are provided separately. For other changes, we will give you reasonable notice in writing or by any other method permitted by law. We may also close this account at any time upon reasonable notice to you and tender of the account balance personally or by mail. Notice from us to any one of you is notice to all of you.

STATEMENTS Your Duty to Report Unauthorized Signatures, Alterations and Forgeries - You must examine your statement of account with "reasonable promptness." If you discover (or reasonably should have discovered) any unauthorized signatures 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 substantially 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, alterations, or forgeries 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. The limitation in this paragraph is in addition to that contained in the first paragraph of this section.

Your Duty to Report Other Errors In addition to your duty to review your statements for unauthorized signatures, alterations and forgeries, you agree to examine your statement with reasonable promptness for any other error such as an encoding error. You agree that the time you have to examine your statement and report to us will depend on the circumstances. However, such time period shall not exceed 60 days. Failure to examine your statement and report any such errors to us within 60 days of when we first send or make the statement available precludes you form asserting a claim against us for any such errors on items identified in that statement and as between you and us the loss will be entirely yours.

Errors Relation to Electronic Fund Transfers or Substitute Checks (For consumer accounts only) For information on errors relating to electronic fund transfers (e.g., computer, 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.

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

DIRECT DEPOSITS If, in connection with a direct deposit plan, we deposit any amount in an account which should have been returned to the Federal Government for any reason, 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 legal remedy to recover the amount of our liability.

TEMPORARY ACCOUNT AGREEMENT If this option is selected, 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.

SET-OFF We may (without prior notice and when permitted by law) set off the funds in this account against any due and payable debt you owe us now or in the future, by any of you having the right of withdrawal, to the extent of such persons' or legal entity's right to withdraw. If the debt arises from a note, "any due and payable debt" includes the total amount of which we are entitled to demand payment under the terms of the note at the time we set off, including any balance the due date for which we properly accelerate under the note. This right of set-off does not apply to this account if: (a) it is an Individual Retirement Account or other tax-deferred retirement 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 arises only 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 set-off.

RESTRICTIVE LEGENDS We are not required to honor any restrictive legend on checks you write unless we have agreed in writing to the restriction. Examples of restrictive legends are "must be presented within 90 days" or "not valid for more than $1,000."

CHECK PROCESSING We may process items mechanically by relying on the information encoded along the bottom of the items. This means that we may not individually examine all of your items to determine if the item is properly completed, signed and indorsed. You agree that we have not failed to exercise ordinary care solely because we use an automated system to process items and do not inspect all items processed in such a manner. We reserve the right not to inspect each item because using an automated process help us keep costs down for you and all account holders. 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.

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 such 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.

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 of 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 internal 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. 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.

REMOTELY CREATED CHECKS, AND OTHER CHECK IMAGES 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. For example, if a person provides an account number in response to a telephone solicitation, the telephone solicitor can use the account number to issue a remotely created check to withdraw money from that account.

You warrant and agree to the following for every remotely crated 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.

ACH AND WIRE TRANSFERS 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 for which Fedwire is used, 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 rules. 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. 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.

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 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.

BALANCE COMPUTATION METHOD We use the daily balance method to calculate the interest on deposit accounts. This method applies a daily periodic rate to the principal in the account each day.

ACCRUAL 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) unless otherwise noted.

EFFECT OF ACCOUNT CLOSING If you close your deposit account before interest is credited you will receive the accrued interest.

FEES & CHARGES Please refer to the separate "GENERAL SERVICE CHARGES" fee schedule provided as part of this account opening process. The "GENERAL SERVICE CHARGES" fee schedule will disclose information about fees and charges associated with all deposit accounts offered by NewDominion Bank. Additional fees and charges that are specific to particular deposit accounts have been disclosed below. A "GENERAL SERVICE CHARGES" fee schedule will be provided to you periodically when fees or charges change, or upon request.

ADDITIONAL TERMS AND CONDITIONS APPLICABLE TO ALL CERTIFICATES OF DEPOSITACCOUNTS

PRIMARY AGREEMENT You agree to keep your funds with us in this account until the maturity date. (An automatically renewable account matures at regular intervals.) You may not transfer this account without first obtaining our written consent.

This account is void if the deposit is made by any method requiring collection (such as a check) and the deposit is not immediately collected in full. If the deposit is made or payable in a foreign currency, the amount of the deposit will be adjusted to reflect final exchange into U.S. dollars.

We may change any term of this agreement. Rules governing changes in interest rates have been provided. For other changes we will give you reasonable notice in writing or by any other method permitted by law.

If any notice is necessary, you all agree that the notice will be sufficient if we mail it to the current mailing address we have on file for your account. You must notify us of any change.

WITHDRAWALS AND TRANSFERS Only those of you who sign the permanent signature card may withdraw funds from this account. (In appropriate cases, a court appointed representative, a beneficiary of a trust or pay-on-death account whose right of withdrawal has matured, or a newly appointed and authorized representative of a legal entity may also withdraw from this account.) Unless otherwise specified in writing, only one endorsement is required for withdrawal or any other purpose. This means, for example, that if two of you sign the signature card only one endorsement is necessary for withdrawal. The request for withdrawal may be made by either account holder.

TRANSACTION LIMITATIONS You cannot make additional deposits to this account during a term (other than credited interest) until maturity. You cannot withdraw principal from this account without our consent except on or after maturity. (For accounts that automatically renew, there is a grace period after each renewal date during which withdrawals are permitted without penalty.)

In certain circumstances, such as the death or incompetence of an account owner, 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.

PERSONAL BANKING:

Regular Checking
Opening Requirements: $1,500 minimum deposit to open account.
Minimum Balance Requirement: A $7.50 maintenance fee is charged every statement cycle if the balance in the account falls below $1000 any day of the statement cycle or if the average daily balance for the statement cycle falls below $2000. 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 the statement cycle.

This is a non-interest bearing account.

First Rate Checking
Variable Rate Information: At our discretion, we may change the interest rate on your account.
Frequency of Rate Change: We may change the interest rate on your account at any time.
Compounding & Crediting: Interest compounded daily and credited monthly.
Opening Requirements: $1,500 minimum deposit to open account.
Minimum Balance Requirement: $3,000 Certificates of Deposit or $10,000 High Yield MMA average daily balance or $1,000 minimum daily balance or $2,000 average daily balance in First Rate Checking account. $15 maintenance fee if balance requirements are not met.

High Yield MMA
Variable Rate Information: At our discretion, we may change the interest rate on your account.
Frequency of Rate Change: We may change the interest rate on your account at any time.
Compounding & Crediting: Interest compounded daily and credited monthly.
Opening Requirements: $3,000 minimum deposit to open account.
Minimum Balance Requirement: $3,000 minimum daily balance or $5,000 average daily balance in account. $15 maintenance fee if balance requirements are not met.
Transaction Limitations: Federal regulation limits third party or preauthorized transfers you can make from your High Yield MMA (Money Market account) to no more than six per statement period (or each month if you have a quarterly statement period). Any one or any combination of the following transactions is counted toward the total limit: Preauthorized transfers, including overdraft transfers, transfers made by telephone, transfers made by Online Banking, Transfers made by bill payment services, checks or drafts, debit card or point-of-sale transactions. A transaction is counted on the date we post it to your account. This date may be different from the date you write, authorize or transfer the transaction. A transaction you initiate during one statement cycle may not be counted until a later statement cycle. You may make unlimited withdrawals from your High Yield Money Market account as long as they are made in person at one of our customer care centers, by mail or at an ATM. These transaction limits do not apply to deposits.

Savings Account
Variable Rate Information: At our discretion, we may change the interest rate on your account.
Frequency of Rate Change: We may change the interest rate on your account at any time.
Compounding & Crediting: Interest compounded daily and credited monthly.
Opening Balance Requirements: $1,500 minimum deposit to open account.
Minimum Balance Requirement: $1,000 average daily balance in account. $10 maintenance fee if balance requirements are not met.
Transaction Limitations: Federal regulation limits third party or preauthorized transfers you can make from your Savings account to no more than six per statement period (or each month if you have a quarterly statement period). Any one or any combination of the following transactions is counted toward the total limit: Preauthorized transfers, including overdraft transfers, transfers made by telephone, transfers made by Online Banking, Transfers made by bill payment services, checks or drafts, debit card or point-of-sale transactions. A transaction is counted on the date we post it to your account. This date may be different from the date you write, authorize or transfer the transaction. A transaction you initiate during one statement cycle may not be counted until a later statement cycle. You may make unlimited withdrawals from your Savings account as long as they are made in person at one of our customer care centers, by mail or at an ATM. These transaction limits do not apply to deposits.
Statements: Statements are rendered monthly if you have ATM, ACH/EFT activity. Otherwise, if there is no electronic activity, quarterly statements are rendered.
Excessive Activity Charge: Three withdrawals per month free; $5.00 each thereafter for excess withdrawals per month.

CERTIFICATE OF DEPOSIT ACCOUNTS:

3 Months, 6 Months, 9 Months and 12 Months Certificate of Deposit Fixed
Fixed Rate Information: Competitive fixed interest rates until maturity; interest begins to accrue no later than the business day you deposit any noncash item (for example, a check).
Compounding & Crediting: Interest compounded daily and credited monthly. If you close your deposit account before interest is credited, you will receive the accrued interest.
Withdrawal of Interest before Maturity: The annual percentage yield (APY) assumes that interest remains on deposit until maturity. A withdrawal of interest will reduce earnings.
Opening Requirements: $3,000 minimum deposit to open account.
Minimum Balance Requirement: $3,000 minimum for free First Rate Checking.
Automatically Renewable Time Deposit: This account will automatically renew at maturity. You will have 10 calendar days after the maturity date to withdraw funds without penalty. You may prevent renewal if you withdraw the funds in the account at maturity or within the grace period. 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 certificates on the maturity date which have the same term, minimum balance (if any) and other features as the original certificate. Interest will be calculated on the same basis as during the original term.
Early Withdrawal Penalty: A penalty may be imposed for withdrawals before maturity. The penalty will be an amount equal to 90 days' interest on the amount withdrawn.

18 Months, 24 Months, 30 Months, 36 Months, 48 Month and 60 Months Certificate of Deposit Fixed
Fixed Rate Information: Competitive fixed interest rates until maturity; interest begins to accrue no later than the business day you deposit any noncash item (for example, a check).
Compounding & Crediting: Interest compounded daily and credited monthly. If you close your deposit account before interest is credited, you will receive the accrued interest.
Withdrawal of Interest before Maturity: The annual percentage yield (APY) assumes that interest remains on deposit until maturity. A withdrawal of interest will reduce earnings.
Opening Requirements: $3,000 minimum deposit to open account.
Minimum Balance Requirement: $3,000 minimum for free First Rate Checking.
Automatically Renewable Time Deposit: This account will automatically renew at maturity. You will have 10 calendar days after the maturity date to withdraw funds without penalty. You may prevent renewal if you withdraw the funds in the account at maturity or within the grace period. 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 certificates on the maturity date which have the same term, minimum balance (if any) and other features as the original certificate. Interest will be calculated on the same basis as during the original term.
Early Withdrawal Penalty: A penalty may be imposed for withdrawals before maturity. The penalty will be an amount equal to 180 days' interest on the amount withdrawn.

Value Plus 15 Month Certificate of Deposit:
Exchange Rate Information: Your interest rate and annual percentage yield may change.
Determination of Rate: You may exchange the interest rate on your account for any subsequent rate increase on the Value Plus 15 Month CD option. You must contact us to exercise the exchange rate option. The rate in effect on the day you make the request to change your rate will be applied to the account as of the next business day and applies only to the remaining term of your CD.
Frequency of Rate Change: You may exercise your option to exchange the interest rate on your account once during the term of this account.
Limitations on Rate Changes: The interest rate exchange feature will not be available during any renewals. There will be no charge for an exchange.
Compounding & Crediting: Interest compounded daily and credited monthly to the account. If you close your deposit account before interest is credited, you will receive the accrued interest.
Withdrawal of Interest before Maturity: The annual percentage yield (APY) assumes that interest remains on deposit until maturity. A withdrawal of interest will reduce earnings.
Opening Requirements: $3,000 minimum deposit to open account.
Minimum Balance Requirement: $3,000 minimum for free First Rate Checking.
Maturity Date: Your account will mature 15 Months from date opened. If an exchange of rate is made the maturity date will not change.
Automatically Renewable Time Deposit: This account will automatically renew at maturity. You will have 10 calendar days after the maturity date to withdraw funds without penalty. You may prevent renewal if you withdraw the funds in the account at maturity or within the grace period. Each renewal term will be our standard 12 Month CD Fixed Rate option. The interest rate will be the same we offer on new certificates on the maturity date which have the same term, minimum balance (if any) and other features as the 12 Month CD Fixed Rate account. Interest will be calculated on the same basis as during the original term.
Early Withdrawal Penalty: A penalty may be imposed for withdrawals before maturity. The penalty will be an amount equal to 180 days' interest on the amount withdrawn. The interest rate we will use to calculate the interest forfeiture will be the rate in effect at the time of the early withdrawal. We will charge the penalty first against any interest then in the account, and any excess will be deducted from the amount you withdraw.

1 Year Variable Rate Certificate of Deposit
Variable Rate Information: Competitive variable rate tied to the Wall Street Journal prime rate; interest begins to accrue no later than the business day you deposit any noncash item (for example, a check).
Determination of Rate: The interest rate for your account will be Wall Street Journal Prime Rate minus 290 bps.
Frequency of Rate Change: Rate will change as the Wall Street Journal prime rate changes.
Compounding & Crediting: Interest compounded daily and credited monthly to the account. If you close your deposit account before interest is credited, you will receive the accrued interest.
Withdrawal of Interest before Maturity: The annual percentage yield (APY) assumes that interest remains on deposit until maturity. A withdrawal of interest will reduce earnings.
Opening Requirements: $3,000 minimum deposit to open account.
Minimum Balance Requirement: $3,000 minimum for free First Rate Checking.
Automatically Renewable Time Deposit: This account will automatically renew at maturity. You will have 10 calendar days after the maturity date to withdraw funds without penalty. You may prevent renewal if you withdraw the funds in the account at maturity or within the grace period. 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 certificates on the maturity date which have the same term, minimum balance (if any) and other features as the original certificate. Interest will be calculated on the same basis as during the original term.
Early Withdrawal Penalty: A penalty may be imposed for withdrawals before maturity. The penalty will be an amount equal to 90 days' interest on the amount withdrawn.

18 Month Variable Rate Certificate of Deposit
Variable Rate Information: Competitive variable rate tied to the Wall Street Journal prime rate; interest begins to accrue no later than the business day you deposit any noncash item (for example, a check).
Determination of Rate: The interest rate for your account will be Wall Street Journal Prime Rate minus 285 bps.
Frequency of Rate Change: Rate will change as the Wall Street Journal prime rate changes.
Compounding & Crediting: Interest compounded daily and credited monthly to the account. If you close your deposit account before interest is credited, you will receive the accrued interest.
Withdrawal of Interest before Maturity: The annual percentage yield (APY) assumes that interest remains on deposit until maturity. A withdrawal of interest will reduce earnings.
Opening Requirements: $3,000 minimum deposit to open account.
Minimum Balance Requirement: $3,000 minimum for free First Rate Checking.
Automatically Renewable Time Deposit: This account will automatically renew at maturity. You will have 10 calendar days after the maturity date to withdraw funds without penalty. You may prevent renewal if you withdraw the funds in the account at maturity or within the grace period. 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 certificates on the maturity date which have the same term, minimum balance (if any) and other features as the original certificate. Interest will be calculated on the same basis as during the original term.
Early Withdrawal Penalty: A penalty may be imposed for withdrawals before maturity. The penalty will be an amount equal to 90 days' interest on the amount withdrawn.

2 Year and 30 Months Variable Rate Certificate of Deposit
Variable Rate Information: Competitive variable rate tied to the Wall Street Journal prime rate; interest begins to accrue no later than the business day you deposit any noncash item (for example, a check).
Determination of Rate: The interest rate for your account will be Wall Street Journal Prime Rate minus 280 bps.
Frequency of Rate Change: Rate will change as the Wall Street Journal prime rate changes.
Compounding & Crediting: Interest compounded daily and credited monthly to the account. If you close your deposit account before interest is credited, you will receive the accrued interest.
Withdrawal of Interest before Maturity: The annual percentage yield (APY) assumes that interest remains on deposit until maturity. A withdrawal of interest will reduce earnings.
Opening Requirements: $3,000 minimum deposit to open account.
Minimum Balance Requirement: $3,000 minimum for free First Rate Checking.
Automatically Renewable Time Deposit: This account will automatically renew at maturity. You will have 10 calendar days after the maturity date to withdraw funds without penalty. You may prevent renewal if you withdraw the funds in the account at maturity or within the grace period. 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 certificates on the maturity date which have the same term, minimum balance (if any) and other features as the original certificate. Interest will be calculated on the same basis as during the original term.
Early Withdrawal Penalty: A penalty may be imposed for withdrawals before maturity. The penalty will be an amount equal to 90 days' interest on the amount withdrawn.