Additional Disclosures

The Following Disclosures Apply to All Associated Individual Retirement Accounts:

Account Availability
Not all Individual Retirement Accounts described may be available at your Associated Bank location. Please check with an Associated Banker for current offerings and disclosures.

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 IRA account.
• See your investment certificate receipt for the interest rate and APY for your IRA.
• 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• Interest paid by addition to principal may be withdrawn at any time during the term of the deposit without penalty.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 IRA 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renewed, interest credited to the principal from previous terms will be considered part of the principal and cannot be withdrawn without an interest penalty (applies to IRAs that are funded by a Certificate of Deposit only).

Maturing/Renewing Certificates (applies to IRAs that are funded by a Certificate of Deposit only)
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 (applies to IRAs that are funded by a Certificate of Deposit only):

• Standard early withdrawal penalties will apply when funds are withdrawn from an IRA for the following purposes:
  1. Transfer or withdrawal of funds outside the bank regardless of the account holder’s age prior to the maturity of the investment.
  2. Upgrading of funds to higher earnings rate within the bank prior to the maturity of the investment.
• Standard early withdrawal penalties will be waived only:
  1. In the event of death, disability or incompetence of the account holder.
  2. After the age of 59 1/2 for normal distribution.
• 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, or for IRA certificates of deposit, where a depositor is disabled according to 26 USC 72 (M)(7). 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 in this brochure. 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 paid on the certificate.

Tax Implications
Please consult a professional tax specialist for IRS rules governing Individual Retirement Accounts, including differences between Traditional IRA and Roth IRA tax treatments and IRS penalties on funds withdrawn from IRAs.

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