Time Certificates of Deposit (TCDs)

Interest-bearing TCDs with a variety of maturity dates.

Other Charges: For maturities less than or equal to one (1) year: If you withdraw any of the principal before the maturity date, we may impose a penalty of thirty (30) days of interest. For maturities greater than one (1) year: If you withdraw any of the principal before the maturity date, we may impose a penalty of ninety (90) days of interest.

Interest: This account is an interest-bearing account. Interest is compounded daily and will be credited at least annually. Interest on your account will be credited by adding the interest to the principal. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks).

Account Benefits: The interest rate and annual percentage yield will not change for the term of the account. Additional deposits may be made to short-term TCDs less than six (6) months. This account will automatically renew. The account holder has ten (10) calendar days after maturity date to withdraw funds without penalty. If you do not withdraw the funds, each renewal term will be for an identical period of time as the original term.

Limitations: Withdrawals from the account may not be made until the maturity date.

Interest Information: The annual percentage yield assumes interest will remain on deposit. A withdrawal will reduce earnings (only applicable to TCD and IRA). Contact a New Accounts representative for a current interest rate information sheet that lists the interest rates and corresponding annual percentage yields for accounts.

Dormant Accounts: An account that is inactive (debit or credit) for 24-60 months will be reclassified as a dormant account. Dormant accounts will be subject to a regular monthly service charge of $6 (non-refundable per State of Washington). The time periods of inactivity are as follows:

• 24 months—All checking, money market, interest checking, and savings accounts
• 30 months—Time certificates of deposit
• 60 months—Safe deposit boxes

Note: Under current state abandoned property law, any property unclaimed after three years (with the exception of safe deposit boxes) must be relinquished to the custody of the State of Washington.