______________CERTIFICATE OF DEPOSIT
0 Rate Information (fixed rate) - The interest rate on your account is _____% with an annual percentage yield of _____%. You will be paid this rate until first maturity.
0 Step-Up Certificate Option Plan and Rate Information (variable rate account): The interest rate on your account is _____% with an annual percentage yield of _____%. The interest rate and annual percentage yield may change. We will not change the rate on your account during the term of the account. However, you have the option during the first term of this account to exchange this interest rate for a new interest rate. The new interest rate will be the interest rate we are then offering on any other time deposit of equal term to maturity as the original term of this account. This exchange will be at no cost to you. If you make an exchange, the maturity date of this account will remain the same as originally scheduled. You may exercise this exchange option once during the first term, but not during any renewal term.
Compounding frequency -
0 Interest will be compounded ____________.
0 Interest will not be compounded.
Crediting frequency - Interest will be credited to your account every ____________________________.
Minimum balance to open the account - You must deposit $__________to open this account.
Daily 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.
Accrual of interest on noncash deposits - Interest begins to accrue on the business day you deposit noncash items (for example, checks).
Transaction limitations:
You may not make any deposits into your account before maturity. If you make any withdrawal of original principal, the account will be closed and a penalty will be assessed. Interest may be withdrawn without penalty anytime after it has been credited and posted to the account.
Time requirements - Your account will mature
_______________________________.
Early withdrawal penalties (a penalty may be imposed for withdrawals before maturity) -
- If your account has an original maturity of 7 to 31 days: We may impose a penalty of 7 days interest on the amount withdrawn subject to penalty.
- If your account has an original maturity of 1 to 5 months: The fee we may impose will equal three months interest on the amount withdrawn subject to penalty.
- If your account has an original maturity of 6 to 11 months: The fee we may impose will equal three months interest on the amount withdrawn subject to penalty.
- If your account has an original maturity of 12 to 17 months: The fee we may impose will equal six months interest on the amount withdrawn subject to penalty.
- If your account has an original maturity of 18 months or more: The fee we may impose will equal six months interest on the amount withdrawn subject to penalty.
- If your account has an original maturity of one year (Jumbo Certificate):
The fee we may impose will equal three months interest on the amount withdrawn subject to penalty.
For any time deposit which earns an interest rate that may vary from time to time during the term, the interest rate we will use to calculate this early withdrawal penalty will be the interest rate in effect at the time of the withdrawal.
Withdrawal of interest prior to maturity - The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.
Automatically renewable time account - This account will automatically renew at maturity. You may prevent renewal if you withdraw the funds in the account at maturity (or within any grace period mentioned below) or we receive written notice from you within any grace period mentioned below. We can prevent renewal if we mail notice to you at least 30 calendar days before maturity. If either you or we prevent renewal, interest will not accrue after final maturity.
0 Variable Rate - Each renewal term will be the same as the original term, beginning on the maturity date. Interest will be calculated on the same basis as during the original term.
0 Fixed Rate - Each renewal term will be the same as the original term, beginning on the maturity date. The interest rate will be the same we offer on new time deposits on the maturity date which have the same term, minimum balance (if any) and other features as the original time deposit.
You will have ten calendar days after maturity to withdraw the funds without a penalty.
0 Your ______________________ account will mature on ______________________, and it will automatically renew unless you prevent it. The new maturity date will be ___________________ . The interest rate and annual percentage yield have not yet been determined. They will be available on ____________________ . Please call (410) 528-1800 to learn the interest rate and annual percentage yield for your new account.
Main Office
25 W. Fayette Street
Baltimore, Maryland 21201
Monday - Thursday 9:00 am to 3:00 pm
Friday 9:00 am to 5:00 pm
Saturday 9:00 am to 12 noon
410-528-1801
888-833-7920
Pimlico Office
5000 Park Heights Avenue
Baltimore, Maryland 21215
Monday - Thursday 9:00 am to 3:00 pm
Friday 9:00 am to 6:00 pm
Saturday 9:00 am to 12 noon
410-367-3331
Riverdale Office
6820 Riverdale Road
Riverdale, Maryland 20737
Lobby/Drive-In:
Monday - Thursday 9:00 am to 3:00 pm
Friday 9:00 am to 6:00 pm
Saturday 9:00 am to12 noon
301-577-5100
888-805-5587
Erdman Avenue Office
3240 Belair Road
Baltimore, Maryland 21213
Monday - Thursday 9:00 am to 3:00 pm
Friday 9:00 am to 6:00 pm
Saturday 9:00 am to 12 noon
410-675-1167
Randallstown Office
8725 Liberty Plaza
Randallstown, Maryland 21133
Lobby/Drive-In: Monday - Thursday 9:00 am to 3:00 pm
Friday 9:00 am to 6:00 pm
Saturday 9:00 am to 12 noon
410-922-3003
Inner Harbor East Office
1000 Lancaster Street, Suite C
Baltimore, Maryland 21202
Monday - Thursday 9:00 am to 3:00 pm
Friday 9:00 am to 6:00 pm
Saturday 9:00 am to 12 noon
410-468-0600
Research Park Office
800 W. Baltimore Street
Baltimore, Maryland 21201
Monday - Thursday 9:00 am to 3:00 pm
Friday 9:00 am to 6:00 pm
Saturday 9:00 am to 12 noon
410-545-0633
24 Hour Telephone Banking
800-364-0472
Internet Banking/Harbor Biz Net
410-675-5726 or 888-833-7114
www.theharborbank.com
We Give You More!
MEMBER FDIC
© 1992 Wolters Kluwer Financial Services – Bankers Systems™
Form TIS-BRO 8/19/92 Custom 4r
UNDERSTANDING
YOUR DEPOSIT
ACCOUNT
TRUTH IN SAVINGS
We Give You More!
Revised 9/06
803822-020
