Thursday, August 28, 2008 

You will be paid the applicable interest rate until the maturity date listed on your certificate.

The Annual Percentage Yield assumes interest will remain on deposit until maturity.  A withdrawal will reduce earnings and yield.

Interest for your account will compound semi-annually and can be:

• mailed by check monthly
• mailed by check quarterly
• transferred monthly to an Ameriana checking or savings account
• transferred quarterly to an Ameriana checking or savings account

You will receive an annual history statement of certificate of deposit activity.  Interest begins to accrue on the business day you deposit any cash or non-cash item (for example, checks).  Ameriana Bank pays interest from date of deposit to date of withdrawal.

Minimum Balance Requirements:
You must deposit $1,000 to open this account.  You must maintain a minimum balance of $1,000 in your account every day to obtain the Annual Percentage Yield listed when you opened the account.  A minimum balance of $5,000 is required to receive a monthly check.

 Balance Computation Method:
We use the daily balance method to calculate interest on your account.  This method applies a daily periodic rate to the principal in the account everyday.

Transaction Limitations:
No additions permitted.  Withdrawals of credited interest from the account permitted without penalty.

Early Withdrawal Penalty:
Forfeiture of 6 (six) months simple interest, earned or not, on principal withdrawn prior to maturity, regardless of the length of time the funds withdrawn have remained in the account.  Penalty is waived for retirement accountholders age 59 1/2 and older for those certificates designated as Retirement Accounts.  Penalty is waived in the event of death or adjudication of incompetence of an account holder.

Renewal Policy:
This account will automatically renew at maturity.  You have a grace period of ten (10) calendar days after the maturity date to withdraw the funds without being charged a penalty.

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