| Balances shown above are the minimum balances
required to obtain the Annual Percentage Yield. The
Annual Percentage Yield assumes that interest remains on deposit
until maturity. Interest will be compounded quarterly and
credited quarterly. A withdrawal of interest will reduce
earnings. A PENALTY may be imposed for early withdrawal. For
current rate information call (641) 444-3226 or
X-Press Banking (641)444-4204. EACH DEPOSITOR IS INSURED
TO $100,000.00
FDIC - FEDERAL DEPOSIT INSURANCE CORPORATION
Interest begins to accrue on the business day you deposit any
non-cash item (for example, a check). The Early Withdrawal
Penalty will be in the amount equal to:
** One (1) months' interest on the amount withdrawn for a
time certificate with a term of ONE (1) YEAR or LESS.
** Three (3) months' interest on the amount withdrawn for a
time certificate with a term of MORE THAN ONE (1) YEAR.
For the SPECIAL 60 MONTH CD, we will pay the original rate
until maturity or upon owner's request for a one-time interest
rate upgrade. The early withdrawal penalty will be calculated
using the rate in effect at the time of the withdrawal.
We use the daily balance method to calculate the interest on
this account. This method applies a daily periodic rate to the
principal in the account each day.
If not notified within the TEN (10) Day grace period AFTER
the maturity date, the certificate will automatically renew for
the same term as the original certificate, beginning on the
maturity date. No additional deposits may be made to these
accounts during the term other than credited interest.
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