Certificate of Deposit Disclosure
Product offers, rates, terms and other information provided
herein are subject to change without notice. Due to occasional inaccessibility
to our web site, First Community Bank cannot guarantee the completeness
or accuracy of the information provided herein. The appropriate disclosures
will be mailed to you when you open account with First Community Bank.
You may request these documents before opening your account(s), or verify
current offers by calling 614-239-4600.
Balance Computation Method
We use the daily balance method to calculate the interest on your account.
This method applies a daily periodic rate to the principal in the account
Automatically Renewable Time Account
This account will automatically renew at maturity. You will have 7
calendar days after the maturity date to withdraw funds without penalty.
This account will not renew if you withdraw the funds on the maturity date
or if we receive written notice from you before the maturity date or within
the ten day grace period of your intention not to renew. Each renewal term
will be the same as the original term, begins on the maturity date. Interest
will be calculated on the same basis as during the original term. We reserve
the right to stop automatic renewal by written notice to you before maturity.
If you prevent renewal, interest will not accrue after final maturity.
You may not make any deposits into your account before maturity. You
can withdraw only interest credited in the term before maturity of that
term. You can withdraw interest at anytime during the term of the deposit
after it is credited to your account.
**All Annual Percentage Yields assume reinvestment of interest and principal.
Early Withdrawal Penalties
If we consent to a request for a withdrawal that is otherwise not permitted,
you may have to pay a penalty. The interest rate we will use to calculate
the interest forfeiture will be the rate on the account on the date of
Interest penalty on amount withdrawn
|less than 1 year
91 days interest
|1 year to less than 30 months
||182 days interest
|30 months to less than 3 years
9 months interest
|3 years or more
365 days interest
There are certain circumstances such as death or incompetence of an
owner of this account, the law permits, or in some cases requires, the waiver of the early withdrawal penalty.