First State Bank - Investments

Certificate of Deposits

Current CD Rates
Term	Interest Rate	APY
3 Month	1.80%	1.81%
6 Month	1.98	1.99
12 Month	2.03	2.05
24 Month	2.39	2.41
9 Month (Special)	2.78	2.81
15 Month (Special)	3.03	3.06
30 Month (Special)	3.10	3.14
Effective as of July 2, 2008
Interest on COD's is compounded quarterly. Any Rates over 30 Months, Contact the Bank.

Minimum Balance Requirements: You must deposit $500.00 to open this account and maintain a minimum balance of $500.00 every day to obtain the annual percentage yield stated above.
Balance Computation Methods: 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 or withdrawals from the account until the maturity date.
Early Withdrawal Penalty: If any of the deposit is withdrawn before the maturity date, a penalty will be applied

For additional information, questions, or for effective rates after the quoted date please call First State Bank.

INDIVIDUAL RETIREMENT ACCOUNT

No minimum amount needed to open account.
You may make as many withdrawals as you wish from your account. However, there may be a penalty imposed if you are withdrawing the money before you are eligible. Eligibility requirements are defined on your Individual Retirement Account Contract.
There is a $3,000.00 contribution limit, unless it is a rollover from a qualified plan. Eligibility requirements are defined on your Individual Retirement Account Contract. Also a catch up contribution of $500.00 if you are 50 + for the year of contribution.
Additional disclosures for your account are included in the packet.

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 balance in the account daily.

Compounding and Crediting
Interest will be compounded monthly and credited to your account monthly

Accrual of Interest on Deposits Other Than Cash
Interest begins to accrue on the business day you deposit non-cash items (for example, checks).