First Federal Savings Bank of Frankfort

Truth in Savings Account Disclosure

2-Year to 5-Year Certificate of Deposit

Deposits are insured by the FDIC up to applicable limits

Rates are subject to change

Disclosure of Interest and Charges

Minimum Balance Requirements


• You must deposit $500 to open this account.

Fees


• Click here for Fee Schedule

Rate Information


• See previous page for current rate.
• You will be paid this rate until maturity.

Compounding and Crediting


• Interest will be compounded on a quarterly basis.
• The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.
• Interest will be credited to your account on a quarterly basis and at maturity.
• Interest begins to accrue on the business day you deposit noncash items (for example, checks).

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


• You may not make deposits into this account until the maturity date.

Time Requirements


• You will be provided with the maturity date in your written account disclosures.

Early Withdrawal Penalty


• We may impose a penalty if you withdraw any of the deposited funds before the maturity date.
• You will be penalized 6 months' interest if you withdraw funds before maturity.
• The penalty will be assessed only on the amount withdrawn.

Renewal Policy


• This account will automatically renew at maturity.
• You will have 10 calendar days after the maturity date to withdraw funds without penalty.