REP17976

• Permit No: M1991147
• IBM Index Class Name: Report
• Doc Date: 6/15/2000
• Doc Name: CERTIFICATE RENEWAL NOTICE
• Permit Index Doc Type: ANNUAL FEE / REPORT
• Media Type: D
• Archive: No

YECTRA BANK COLORADO, NATIONAL AffOC1AT10N
RULES AND kEGULATIONS GOVERNING RENEWING (:El7.TIFICATES OF DEPOSIT
Renewing certificates will automatically renew for the same maturity period if not presented for payment
w~lhin ten (10) calendar da}~s of maturity date (including the date of maturity), or unless the Bank issues
or mails notice otherwise to the address then on Ban1t records al least chicly (30) days before any maturity
date. (This applies mtly to certificates with maturities over thirty (3U) days.)
The term "Annual Percentage Yield" (APl~ in regard to certificates of deposit means a percentage rate
reflecting the total amount of interest paid on an account based on the interest rate, the frequency of
compounding fora 365 day period, and the a-csumption that interest paid remains in the accou,-tt. Interest
withdrawals before maturity will reduce earnings.
The renewal interest rate w•i116e the prevailing rate of the Bank at the tune of maturity for certificates of like
durations and amount. To determine the ctttrently efTective APY, please call a Customer Service
Representative at [phone]. Interest accrual begins on the business day of deposit. Interestie
calculated on the daily balance method. Tlus method applies a daily periodic rate to the principal in the
account each day. Interest is compounded daily.
The minimum deposit amount for certificates of deposit is $1,000. A certificate of deposit is contracted for
a specific term, or period of time, and cannot be withdrawn prior to maturity without penalty. No partial
withdrawals are allowed. Early withdrawal penalties may affect the principal and will 6e assessed as listed
below;
Certificates with maturities of twelve (12) months or less:
Interest penalty equal to one (1) month's interest.
Certificates with maturities greater than one (1) year:
Interest penalty equal to three (3) months' interest.
Certificates are transferable only upon the records of Vectra Bank Colorado and are subject to present and
future state and federal laws and regulations. They will be governed and interpreted in accordance with
Colorado IAw•.