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ROCK SPRINGS NATIONAL BANK
TIME CERTIFICATES OF DEPOSIT

MINIMUM BALANCE REQUIREMENTS

• THE MINIMUM INITIAL DEPOSIT TO OPEN THIS ACCOUNT IS $500

RATE INFORMATION

• THE INTEREST RATE FOR YOUR ACCOUNT IS _______% WITH AN ANNUAL PERCENTAGE YIELD OF _______%
• YOU WILL BE PAID THIS RATE UNTIL THE MATURITY DATE OF THE CERTIFICATE.  THE ANNUAL PERCENTAGE YIELD ASSUMES INTEREST REMAINS ON DEPOSIT UNTIL MATURITY.  A WITHDRAWAL WILL REDUCE EARNINGS
• YOUR CERTIFICATE WILL MATURE ON                                                      
• INTEREST FOR YOUR ACCOUNT WILL BE COMPOUNDED AND CREDITED TO YOUR ACCOUNT QUARTERLY, SEMI-ANNUALLY, OR ANNUALLY.
• INTEREST BEGINS TO ACCRUE ON THE BUSINESS DAY YOU DEPOSIT ANY NON-CASH ITEMS

BALANCE COMPUTATION METHOD

• INTEREST IS CALCULATED BY USING THE DAILY BALANCE METHOD, WHICH APPLIES A DAILY PERIODIC RATE TO THE BALANCE IN THE ACCOUNT EACH DAY

TRANSACTION LIMITATIONS

• ONCE THE ACCOUNT IS OPENED, YOU MAY NOT MAKE DEPOSITS INTO OR WITHDRAWALS FROM THE ACCOUNT UNTIL THE MATURITY DATE

EARLY WITHDRAWAL PENALTY

• IF YOU WITHDRAW ANY PRINCIPAL BEFORE THE MATURITY DATE, A PENALTY WILL BE CHARGED TO YOUR ACCOUNT AS FOLLOWS:
  COD TERM < OR = 1 YEAR:    PENALTY EQUAL TO ONE MONTHS INTEREST
  COD TERM > 1 YEAR:       PENALTY EQUAL TO THREE MONTHS INTEREST

RENEWAL POLICY

• THIS ACCOUNT WILL NOT AUTOMATICALLY RENEW.  THE CERTIFICATE WILL STOP EARNING INTEREST ON THE MATURITY DATE

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