Rate Information and Minimum Balance Requirements - You will be paid the dividend rate until first maturity. The annual percentage yield is based on the assumption that dividends will remain in the account until maturity. A withdrawal will reduce the earnings. The required minimum balance is $500 to open a certificate account. Your dividend rate and annual percentage yield are determined by your original certificate purchase amount and applied to the full balance in the Certificate account.

Compounding and Crediting Frequency - The dividend period for this type of account is monthly. Unless otherwise paid, dividends will be compounded monthly. Dividends will be credited to your certificate account or to any deposit account every month. Dividends will be compounded and paid to your certificate account or to any deposit account on a monthly basis.

Balance Computation Method - Dividends are calculated by the daily balance method, which applies a daily periodic rate to the principal balance in your certificate account each day.

Accrual of Dividends on Non-cash Deposits - Dividends will begin to accrue on the business day you deposit non-cash items (for example, checks) to your certificate account.

Transaction Limitations - After the certificate account is opened, you may not make additional deposits (add-ons) into this certificate account until the maturity date

Early Withdrawal Penalties - We may impose a penalty if certificate funds other than dividends are withdrawn prior to the maturity date. The penalty will be: a loss of 60 days dividends if the certificate term is 3 months or less; a loss of 90 days dividends if the certificate term is 4 months through 9 months; a loss of 180 days dividends if the certificate term is 10 months through 36 months; or a loss of 365 days dividends if the certificate term is 37 months or greater. The certificate principal balance may be reduced if necessary to affect the penalty. The penalty does not apply to any of the following withdrawals: withdrawal subsequent to the death of any owner; or if the account is part of a qualified individual retirement plan (IRA) and the withdrawal is to effect distribution of funds upon the participant’s disability or attainment of not less than 73 years of age.

Renewal Policies - Your certificate will automatically renew at maturity. The 10 Month and 13 Month Certificates will automatically renew to the advertised 12 Month rate and term at maturity. The 23 Month Certificate will automatically renew to the advertised 24 Month rate and term at maturity. You will have a grace period of 14 calendar days after the maturity date to withdraw the funds in the certificate account without being charged an early withdrawal penalty as described above. If you make a withdrawal on the 15th, 16th, or 17th day after the 14-day grace period, dividends accrued will be forfeited. Any bonus incentive received for the initial certificate will not be awarded again at the time the certificate is renewed.

National Credit Union Share Insurance Fund - Member accounts in VyStar Credit Union are federally insured by the National Credit Union Share Insurance Fund.