Certificate

REGULAR RATE CERTIFICATE
-No special requirements

JUMBO RATE CERTIFICATE
.10% higher rate than regular rate
-Member has a combined balance of $100,000 or higher

BONUS RATE CERTIFICATE
.50% higher rate than regular rate
-Must have an active* checking account to qualify
*active is defined as: (only one of the following must apply)
-Direct Deposit and 5 debits*
OR
-Minimum of 10 debit* for the past three months
OR
-An active Bill Pay Account with SouthPoint and minimum of 5 debits**
for the past three months

3, 6, 12, 18, 24, and 36 months

$1,000.00

YES
Semi-Annually, unless term is 3 months then it is quarterly

Added to the principal of the Certificate

Deposit into another account - member will not earn stated APY if they choose this option.

7 days after the date of maturity (this includes weekends and holidays)

There are 2 Certificate notices that go out. One is sent out roughly 30 days prior to maturity (this notice reflects the current balance - not what the balance will be at maturity). The second one is sent out the day of maturity; it states the final balance and the rate the Certificate rolled over at.

-Automatic Renewal - Certificate will renew at the same term at whatever the current rate is.

-Single Term - Member must let us know at the time the Certificate is opened what to do
with it at maturity.

Withdrawals or deposits can only be made when the Certificate is in its grace period. However, dividends earned during the current term can be w/d at any time without a penalty.

Rates are determined by the board and can change at anytime. Certificates that are locked in, however, can only be changed at maturity or during the grace period.