Common use of Share Certificate Accounts Clause in Contracts

Share Certificate Accounts. Partners Federal Credit Union’s share certificate accounts let you deposit your money for a specified period of time. Our share certificate accounts are: Certificate, Bump Certificate, College Saver Certificate, Starter Certificate and a promotional certificate offer when available, the Flex Certificate. An XXX Certificate is available on selected certificate accounts. A regular, mini-jumbo and jumbo option is available. REGULAR CERTIFICATE: offer XXX, mini-jumbo and jumbo options (and in-combination: XXX Mini-JumboCertificate); required distribution withdrawals available for regular XXX Certificates. TRANSACTION LIMITATIONS: There are certain transaction limitations associated with your share certificate account. You may not make deposits or withdrawals from your share certificate account before the maturity date. Accrued dividends may be withdrawn at any time prior to maturity without penalty. No withdrawals of principal are permitted prior to maturity. Certain federal and state penalties may apply if XXX funds (including dividends earned on XXX funds) are withdrawn early and the maximum yearly contribution you may make to an XXX account is limited under the Internal Revenue Code. See your XXX account application and agreement for details. MINIMUM DEPOSIT AND BALANCE REQUIREMENTS: Your share certificate account has certain minimum deposit and minimum balance requirements. The minimum deposit required for you to open your share certificate account and the minimum daily balance you must maintain to obtain the disclosed APY is shown on the enclosed Rate Sheet. You must maintain the minimum daily balance shown on the Rate Sheet in your share certificate account to avoid closure. DIVIDEND COMPOUNDING AND CREDITING: Dividends compound daily and are credited monthly and at maturity. At your option, dividends may compound monthly on your certificate account. For certificates of one

Share Certificate Accounts. Partners Federal Credit Union’s share certificate accounts let you deposit your money for a specified period of time. Our share certificate accounts are: Certificate, Bump Certificate, College Saver Certificate, Starter Certificate and a promotional certificate offer when available, the Flex Certificate. An XXX IRA Certificate is available on selected certificate accounts. A regular, mini-jumbo and jumbo option is available. REGULAR CERTIFICATE: offer XXXIRA, mini-jumbo and jumbo options (and in-combination: XXX IRA Mini-JumboCertificate); required distribution withdrawals available for regular XXX IRA Certificates. TRANSACTION LIMITATIONS: There are certain transaction limitations associated with your share certificate account. You may not make deposits or withdrawals from your share certificate account before the maturity date. Accrued dividends may be withdrawn at any time prior to maturity without penalty. No withdrawals of principal are permitted prior to maturity. Certain federal and state penalties may apply if XXX IRA funds (including dividends earned on XXX IRA funds) are withdrawn early and the maximum yearly contribution you may make to an XXX IRA account is limited under the Internal Revenue Code. See your XXX IRA account application and agreement for details. MINIMUM DEPOSIT AND BALANCE REQUIREMENTS: Your share certificate account has certain minimum deposit and minimum balance requirements. The minimum deposit required for you to open your share certificate account and the minimum daily balance you must maintain to obtain the disclosed APY is shown on the enclosed Rate Sheet. You must maintain the minimum daily balance shown on the Rate Sheet in your share certificate account to avoid closure. DIVIDEND COMPOUNDING AND CREDITING: Dividends compound daily and are credited monthly and at maturity. At your option, dividends may compound monthly on your certificate account. For certificates of one