Additional Disclosures

The Following Disclosures Apply to All Associated Certificates of Deposit:

Account Availability
Not all Certificates of Deposit described may be available at your Associated Bank location. However, other special promotional certificates may be offered. Check with an Associated Banker for current offerings.

Interest

	Interest rates and Annual Percentage Yields (APY) are published weekly in Associated Bank’s rate sheet. They may change at any time. You will be provided with interest rate and APY information prior to opening an Associated Certificate of Deposit.
	See your investment certificate receipt for the interest rate and APY for your Certificate of Deposit.
	Interest is calculated using the Daily Balance Method. This method applies a daily periodic rate to the principal in the account each day.
	Interest is calculated based on a 365/366 day year.
	Interest begins to accrue on the business day you deposit any non-cash items (for example, checks).
	The Annual Percentage Yield (APY) assumes interest will remain on deposit until maturity. Any withdrawals will reduce earnings.
	Interest paid by addition to principal may be withdrawn at any time during the term of the deposit without penalty. However, if the deposit has been automatically renewed, interest credited to the principal from previous terms will be considered part of the principal and cannot be withdrawn without an interest penalty.

Maturing/Renewing Certificates
Automatically renewing certificates will renew on the maturity date at the prevailing rate of interest being paid on such deposits at the time of renewal for successive periods each equal to the original term, unless otherwise disclosed at opening. The Bank may refuse to renew the deposit or change the renewal terms by providing you with a written notice of non-renewal or change thirty (30) days prior to the maturity date.

Penalty for Early Withdrawal
You contract with the bank to keep funds on deposit for the time period stated on your investment certificate receipt. You may not withdraw any part of the funds prior to the stated maturity without consent of the Bank, except on request after the death of a depositor, or where a depositor has been judicially declared incompetent. If the Bank permits early withdrawal of funds from a Certificate of Deposit before maturity (except as stated within the terms of the certificate), the penalty for withdrawal will be imposed as shown in the product description. The early withdrawal penalty for funds withdrawn within six (6) days after the opening of the Certificate of Deposit will be at least seven (7) days of interest. This penalty may invade the principal on deposit. The interest rate used to calculate the penalty shall be the interest rate being paid on the certificate.

Back to Top