Thursday, August 28, 2008 

Rate Information:  The APY assumes interest will remain on deposit until maturity.  These rates will apply until the certificate of deposit matures.  A withdrawal of interest prior to maturity may affect yield.  This account features a fixed rate of interest for the term of the deposit.

Interest Calculation:  Interest is compounded when interest credits semiannually on this account.  Interest is computed using the daily balance method based on a 365 or 366 (Leap Year) day year.  This method applies a daily periodic rate to the principal in the account each day.  Interest begins to accrue on the day of deposit when purchased with cash items (includes checks).  Noncash items** used to purchase this certificate of deposit will be sent for collection prior to deposit (rates may change during this waiting period.)

Minimum Balance Requirements:  The minimum balance required to open and maintain this account is $1,000.

A minimum balance of $5,000 is required to be eligible to receive a monthly check. Monthly/Quarterly transfers of interest to another Ameriana account are available when a minimum balance of $1,000.00 is maintained.

Transaction Limitations:  No additional deposits are permitted during the term.  Withdrawals of credited interest only are permitted from this account without penalty.  Subject to the minimum balance requirements above you may choose to arrange to receive interest prior to maturity.

Applicable Fees:  The Bank's current Fee Schedule is available at any Ameriana banking center location.  Please review the Fee Schedule as many or all of the fees may be applicable to this account.  The Bank will provide at least thirty days notice prior to making any effective change to the Fee Schedule.  You may obtain a copy, or explanation, of the Fee Schedule from an employee.

Withdrawal Penalties:  Early Withdrawal - A forfeiture of simple interest, whether earned or not, shall be assessed on any principal withdrawn prior to maturity, regardless of the length of time the funds withdrawn have remained in the account.  This penalty shall be waived in the event of death or adjudication of incompetence of an accountholder.  Grace Period Withdrawal - Accrued, but uncredited, interest during the ten days grace period after maturity will be lost if the account is closed and the money taken; however, if the certificate's balance is reinvested in another Ameriana product the interest for days in the grace period will be paid.  Withdrawals from IRA Accounts - The early withdrawal penalty is waived for retirement accountholders age 59 1/2 and older when this certificate is used as a retirement investment instrument.

Renewal Policy:  This account will automatically renew at maturity at the rate the Bank is offering at the time and for a term of twelve months.  You have a grace period of ten calendar days after the maturity date to withdraw the funds without being charged a penalty.

*Deposit balances exceeding $100,000 may not be covered by FDIC insurance.  Address any questions regarding this issue with your Customer Service Representative or the Banking Center Manager.
**A noncash item is an item such as a check or demand item to which a passbook, certificate or the document is attached; a check or other demand item which is accompanies by special instructions (such as a request for special advise of payment or dishonor); or any similar item which is otherwise classified as a noncash item in the regulations of the Federal Reserve Board.  Another example would be a check not having the Bank's routing symbol transit number, etc. on the MICR line appear in magnetic ink on the check prior to receipt by the Fed..

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