18 MONTH VARIABLE RATE IRA

RATE INFORMATION

The initial interest rate for your account is ________% with an Annual Percentage Yield (A.P.Y.) of ________%.  Your interest rate and A.P.Y. may change without notice on a quarterly basis at our discretion.  Your certificate will mature on _______________________.

Interest on deposits begins to accrue on the day of your deposit. Interest for your account will be compounded and credited to your account quarterly on the last day of each quarter.

MINIMUM BALANCE REQUIREMENTS

You must deposit $50 to open this account. You must maintain a minimum balance of $50 in your account at the time interest is credited to obtain the A.P.Y. 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 make deposits into the account at anytime.  Withdrawals without penalty may only be made at maturity (unless you have attained the age of 70 ½ years).

EARLY WITHDRAWAL PENALTY

If you withdraw any principal or unearned interest before the maturity date (unless you have attained the age of 70 ½ years) a penalty equal to 9 months interest will be charged to your account.

RENEWAL POLICY

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