FIXED RATE IRA-CERTIFICATE OF DEPOSIT

RATE INFORMATION

The initial 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.  Your certificate will mature on ____________________.  The Annual Percentage Yield assumes interest remains on deposit until maturity.  A withdrawal will reduce earnings.  Interest on deposits begins to accrue on the day of your deposit.  Interest to your account will be compounded monthly for Traditional and Roth IRAs.  The interest will be posted to your account on the last day of the month.

MINIMUM BALANCE REQUIREMENTS

You must deposit $500 to open this account. You must maintain a minimum balance of $500 in your account every day to obtain the Annual Percentage Yield listed above.

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.

TRANSACTION LIMITATIONS

After the account is opened, you may not make deposits into the account until the maturity date.  Withdrawals without penalty may only be made at maturity (unless you have attained the age of 70 1/2 years).

EARLY WITHDRAWAL PENALTY

If you withdraw any principal or unearned interest before the maturity date (unless you have attained the age of 70-1/2 years) a penalty equal to one half of the term’s interest will be charged to your account.

RENEWAL POLICY

This account will be automatically renewed at maturity.  You have a grace period of nine (9) calendar days after the maturity date to change terms or withdraw the funds without being charged a penalty.

UNCLAIMED FUNDS

In the event that an account remains inactive for a period of five years, the monies deposited in such account may become “Unclaimed Funds” as provided in Chapter #169 of the Ohio Revised Code.

ONE TIME PER YEAR OPTION FOR 48 MONTH TERM (and longer) CDs