First Bank Richmond CD

Certificates of Deposit

Interest is compounded monthly and credited to your account on the last day of each month
This account will automatically renew at maturity
You may not make deposits into the account until the maturity date. Credited interest may be withdrawn at any time
The penalty for withdrawal of the principal before the maturity date is the forfeit of an amount equal to:
- 90 days of interest if the term is one year or less
-180 days of interest if the term is longer than one year through two years
-270 days of interest if the term is longer than two years but less than three years
-365 days of interest on terms of three years or longer. This is regardless of the length of time the funds have been on deposit. The penalty will not be imposed for withdrawals due to death or adjudication of incompetence of the accountholder.
The daily balance method is used to calculate the interest on this account