Fixed Rate Certificate of Deposit

Certificate of Deposit (7 to 31 Days)

RATE INFORMATION, Please refer to our rate sheet for the interest rate and annual percentage yield (APY) on this account. You will be paid this interest rate until maturity.

COMPOUNDING AND CREDITING. Interest will be compounded daily and will be credited to your account weekly. The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings. If interest is credited to another account or paid to you by check, this may reduce earnings and may negate the effect of interest compounding. If you close your account before interest is credited, you will not receive the accrued interest.

MINIMUM BALANCE REQUIREMENTS. You must deposit $500.00 to open this account.

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 each day.

ACCRUAL ON NONCASH DEPOSITS. Interest begins to accrue on the business day you deposit noncash items (for example, checks).

TRANSACTION LIMITATIONS. You may not make deposits into or withdrawals from your account until the maturity date.

EARLY WITHDRAWAL PROVISIONS. We will impose a penalty if you withdraw any or all of the funds before the maturity date. The penalty imposed will equal 7 days of interest on your account. The early withdrawal penalty will be deducted from the interest earned. If you have not earned enough interest on your account or if the interest has already been paid to you, the penalty will be deducted from the principal. We will honor a request for early withdrawal without penalty if: a) an account holder dies or is judicially declared mentally incompetent, b) the account is withdrawn within 7 days of opening and you forfeit the interest earned.

RENEWAL NOTICE. Your account will automatically renew at maturity. You will have a period of 10 calendar days after the maturity date to withdraw the funds in the account without being charged an early withdrawal penalty.

Certificate of Deposit (32 Days and Greater, 6 Months or Less)

RATE INFORMATION, Please refer to our rate sheet for the interest rate and annual percentage yield (APY) on this account. You will be paid this interest rate until maturity.

COMPOUNDING AND CREDITING. Interest will be compounded daily and will be credited to your account weekly. The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings. If interest is credited to another account or paid to you by check, this may reduce earnings and may negate the effect of interest compounding. If you close your account before interest is credited, you will not receive the accrued interest.

MINIMUM BALANCE REQUIREMENTS. You must deposit $500.00 to open this account.

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 each day.

ACCRUAL ON NONCASH DEPOSITS. Interest begins to accrue on the business day you deposit noncash items (for example, checks).

TRANSACTION LIMITATIONS. You may not make deposits into or withdrawals from your account until the maturity date.

EARLY WITHDRAWAL PROVISIONS. We will impose a penalty if you withdraw any or all of the funds before the maturity date. The penalty imposed will equal 90 days of interest on your account. The early withdrawal penalty will be deducted from the interest earned. If you have not earned enough interest on your account or if the interest has already been paid to you, the penalty will be deducted from the principal. We will honor a request for early withdrawal without penalty if: a) an account holder dies or is judicially declared mentally incompetent, b) the account is withdrawn within 7 days of opening and you forfeit the interest earned.

RENEWAL NOTICE. Your account will automatically renew at maturity. You will have a period of 10 calendar days after the maturity date to withdraw the funds in the account without being charged an early withdrawal penalty.

Certificate of Deposit (Greater Than 6 Months, Less Than 24 Months)

RATE INFORMATION, Please refer to our rate sheet for the interest rate and annual percentage yield (APY) on this account. You will be paid this interest rate until maturity.

COMPOUNDING AND CREDITING. Interest will be compounded daily and will be credited to your account monthly. The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings. If interest is credited to another account or paid to you by check, this may reduce earnings and may negate the effect of interest compounding. If you close your account before interest is credited, you will not receive the accrued interest.

MINIMUM BALANCE REQUIREMENTS. You must deposit $500.00 to open this account.

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 each day.

ACCRUAL ON NONCASH DEPOSITS. Interest begins to accrue on the business day you deposit noncash items (for example, checks).

TRANSACTION LIMITATIONS. You may not make deposits into or withdrawals from your account until the maturity date.

EARLY WITHDRAWAL PROVISIONS. We will impose a penalty if you withdraw any or all of the funds before the maturity date. The penalty imposed will equal 180 days of interest on your account. The early withdrawal penalty will be deducted from the interest earned. If you have not earned enough interest on your account or if the interest has already been paid to you, the penalty will be deducted from the principal. We will honor a request for early withdrawal without penalty if: a) an account holder dies or is judicially declared mentally incompetent, b) the account is withdrawn within 7 days of opening and you forfeit the interest earned.

RENEWAL NOTICE. Your account will automatically renew at maturity. You will have a period of 10 calendar days after the maturity date to withdraw the funds in the account without being charged an early withdrawal penalty.

Certificate of Deposit (14 Months)

RATE INFORMATION. Please refer to our rate sheet for the interest rate and annual percentage yield (APY) on this account. You will be paid this interest rate until maturity.

COMPOUNDING AND CREDITING. Interest will be compounded daily and will be credited to your account monthly. The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings. If interest is credited to another account or paid to you by check, this may reduce earnings and may negate the effect of interest compounding. If you close your account before interest is credited, you will not receive the accrued interest.

MINIMUM BALANCE REQUIREMENTS. You must deposit $500.00 to open this account.

BALANCE COMPUTATION METHOD. We use the average daily balance method to calculate interest on your account. This method applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.

ACCRUAL ON NONCASH DEPOSITS. Interest begins to accrue on the business day up deposit noncash items (for example, checks).

TRANSACTION LIMITATIONS. You may not make deposits into or withdrawals from your account until the maturity date.

EARLY WITHDRAWL PROVISIONS. We will impose a penalty if you withdraw any or all of the deposited funds before the maturity date. The fee imposed with equal 180 days of interest. The early withdrawal penalty will be deducted from the interest earned. If you have not earned enough interest or if the interest has already been paid to you, the penalty will be deducted from the principal. We will honor a request for early withdrawal without penalty if: a) an account holder dies or is judicially declared mentally incompetent, b) the account is withdrawn within 7 days of opening and you forfeit the interest earned.

RENEWAL POLICIES. Your account will automatically renew at maturity. You will have a grace period of 10 calendar days after the maturity date to withdraw the funds in the account without being charged an early withdrawal penalty. Upon maturity, your account will automatically renew to a 12 month term. The rate on the account will be the 12 month CD rate being offered at the date of maturity.

Certificate of Deposit (23 Months)

RATE INFORMATION. Please refer to our rate sheet for the interest rate and annual percentage yield (APY) on this account. You will be paid this interest rate until maturity.

COMPOUNDING AND CREDITING. Interest will be compounded daily and will be credited to your account monthly. The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings. If interest is credited to another account or paid to you by check, this may reduce earnings and may negate the effect of interest compounding. If you close your account before interest is credited, you will not receive the accrued interest.

MINIMUM BALANCE REQUIREMENTS. You must deposit $500.00 to open this account.

BALANCE COMPUTATION METHOD. We use the average daily balance method to calculate interest on your account. This method applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.

ACCRUAL ON NONCASH DEPOSITS. Interest begins to accrue on the business day up deposit noncash items (for example, checks).

TRANSACTION LIMITATIONS. You may not make deposits into or withdrawals from your account until the maturity date.

EARLY WITHDRAWL PROVISIONS. We will impose a penalty if you withdraw any or all of the deposited funds before the maturity date. The fee imposed with equal 180 days of interest. The early withdrawal penalty will be deducted from the interest earned. If you have not earned enough interest or if the interest has already been paid to you, the penalty will be deducted from the principal. We will honor a request for early withdrawal without penalty if: a) an account holder dies or is judicially declared mentally incompetent, b) the account is withdrawn within 7 days of opening and you forfeit the interest earned.

RENEWAL POLICIES. Your account will automatically renew at maturity. You will have a grace period of 10 calendar days after the maturity date to withdraw the funds in the account without being charged an early withdrawal penalty. Upon maturity, your account will automatically renew to a 24 month term. The rate on the account will be the 24 month CD rate being offered at the date of maturity.

Certificate of Deposit (24 Months and Over)

RATE INFORMATION. Please refer to our rate sheet for the interest rate and annual percentage yield (APY) on this account. You will be paid this interest rate until maturity.

COMPOUNDING AND CREDITING. Interest will be compounded daily and will be credited to your account monthly. The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings. If interest is credited to another account or paid to you by check, this may reduce earnings and may negate the effect of interest compounding. If you close your account before interest is credited, you will not receive the accrued interest.

MINIMUM BALANCE REQUIREMENTS. You must deposit $500.00 to open this account.

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 each day.

ACCRUAL ON NONCASH DEPOSITS. Interest begins to accrue on the business day you deposit noncash items (for example, checks).

TRANSACTION LIMITATIONS. You may not make deposits into or withdrawals from your account until the maturity date.

EARLY WITHDRAWAL PROVISIONS. We will impose a penalty if you withdraw any or all of the funds before the maturity date. The penalty imposed will equal 360 days of interest on your account. The early withdrawal penalty will be deducted from the interest earned. If you have not earned enough interest on your account or if the interest has already been paid to you, the penalty will be deducted from the principal. We will honor a request for early withdrawal without penalty if: a) an account holder dies or is judicially declared mentally incompetent, b) the account is withdrawn within 7 days of opening and you forfeit the interest earned.

RENEWAL NOTICE. Your account will automatically renew at maturity. You will have a period of 10 calendar days after the maturity date to withdraw the funds in the account without being charged an early withdrawal penalty.

How can we help you?

Contact a ConnectOne Bank representative to learn more.

NOTICE OF EXPIRATION OF THE TEMPORARY FULL FDIC INSURANCE COVERAGE FOR NONINTEREST-BEARING TRANSACTION ACCOUNTS
By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest-bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning January 1, 2013, all of a depositor’s accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category.

For more information about FDIC insurance coverage of noninterest bearing transaction accounts, visit http://www.fdic.gov/index.html

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At ConnectOne Bank, we understand that little things matter and focus on those things when providing personal and business banking solutions for our clients.