MEMBER FDIC
Certificates
of Deposits*
APY accurate as of 4/8/2008
| TERMS | INTEREST
RATE |
A.P.Y.** |
| Four Year ($1,000 min. deposit) | 3.05% |
3.09% |
| Invest.
Choice *** ($1,000 min. deposit) |
2.85% |
2.88% |
| Three Year ($1,000 min. deposit) | 2.95% |
2.98% |
| Two Year ($1,000 min. deposit) | 2.70% |
2.73% |
| One Year ($1,000 min. deposit) | 2.55% |
2.57% |
| 182 Day ($1,000 min. deposit) | 2.25% |
2.26% |
| I.R.A. **** | 2.60% |
2.63% |
Investor's
Choice Certificate of Deposit
PARAMETERS
OF 36 MONTH VARIABLE RATE CD
-
Rate is 10 Basis Points under three year CD.
-
The rate can change once during the life of the certificate of deposit based upon the customer exercising an option to change to the rate then being offered for the same certificate of deposit with the same terms.
-
Can never go below investment rate during term of CD.
-
Movement is sole responsibility of investor.
* We use the daily balance method to calculate the interest on your account. Interest begins to accrue on the business day you deposit noncash items (for example, checks). A.P.Y.** assumes interest to maturity-early withdrawal is subject to penalty and thus reduced earnings. A 10 day grace period after maturity is allowed for withdrawal of funds without penalty, but interest ceases to accrue at maturity.
** Annual Percentage Yield is based on a quarterly compounding and assumes interest will remain on deposit until maturity.
*** See above for explanation of Investors Choice Certificate of Deposit.
**** The Home State Bank I.R.A.'s are 18 month certificates. The rate is variable for the term of the certificate & can change at any time at the bank's discretion.
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, 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. The information you provide is protected by our privacy policy and federal law.
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