The Bath State Bank

Fixed Rate Certificate of Deposit & Individual Retirement Account

Rate Information: This account is an interest bearing account. The interest rate and annual percentage yield are disclosed on the BSB Rate Chart. The interest rate and annual percentage yield will not change, and will be in effect until this account matures. The annual percentage yield assumes the interest will be compounded to the certificate balance. A withdraw will reduce the earnings. Interest begins to accrue on the business day you make a deposit. Interest will be credited at a frequency agreed to at account opening. Interest will compound daily. Interest will cease upon maturity.
Balance Information: We use the daily method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day.
Limitations: You must deposit $500 to open a CD. IRAs can be opened with a minimum of $50. Additional deposits are permitted only on IRA accounts. Withdrawals before maturity date are permitted only to IRA account holders who have reached retirement age.
Time Account Information: Your account will mature in the length of time selected at account opening. If you withdraw any of the principal before maturity date we may impose the following penalties: For time deposits with an original scheduled maturity of 7-31 days the penalty is all interest earned since the last issue date. For time deposits with an original scheduled maturity of more than 31 days but no longer than one year, the penalty is three months’ interest on the amount withdrawn. For time deposits with an original scheduled maturity of more than one year, the penalty is six months’ interest on the amount withdrawn. Penalties will be waived for IRA account holders who have reached retirement age.
Renewal Policy: Upon maturity, your account will automatically be renewed for the same term at the interest rate that is in effect on the maturity date. You will be granted a grace period of 10 calendar days after maturity to redeem or make changes to your account.

Variable Rate Individual Retirement Account

Rate Information: This account is an interest bearing account. The interest rate and annual percentage yield are disclosed on the BSB Rate Chart. The interest rate and annual percentage yield may change. The interest rate and annual percentage yield adjust on the first day of the following months: February, May, August, and November. The annual percentage yield assumes the interest will be compounded to the certificate balance. Interest begins to accrue on the business day you make a deposit. Interest will be credited at a frequency agreed to at account opening. Interest will compound daily. Interest will cease upon maturity.
Balance Information: We use the daily method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day. You must maintain a minimum daily balance of $10 to obtain the disclosed annual percentage yield.
Limitations: You must deposit $50 to open this account. Additional deposits are permitted. Withdrawals are permitted for those who have reached retirement age.
Time Account Information: Your account will mature 18 months from account opening. If you withdraw any of the principal before maturity date we may impose penalties. For time deposits with an original scheduled maturity of more than one year, the penalty is six months’ interest on the amount withdrawn. Penalties will be waived for IRA account holders who have reached retirement age.
Renewal Policy: Upon maturity, your account will automatically be renewed for the same term at the interest rate that is in effect on the maturity date. You will be granted a grace period of 10 calendar days after maturity to redeem or make changes to your account.

Fixed Rate Market Max CD

Rate Information: This account is an interest bearing account. The interest rate and annual percentage yield are disclosed on the BSB Rate Chart. The interest rate and annual percentage yield will not change, and will be in effect until this account matures. The annual percentage yield assumes the interest will be compounded to the certificate balance. A withdraw will reduce the earnings. Interest begins to accrue on the business day you make a deposit. Interest will be credited at a frequency agreed to at account opening. Interest will compound daily. Interest will cease upon maturity.
Balance Information: We use the daily method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day.
Limitations: To obtain a Market Max CD, you must have a minimum of $150,000 total household deposits with Bath State Bank. Also, a minimum of $10,000 deposit is needed to open a Market Max CD, unless opening an IRA. Withdrawals before maturity date are permitted only to IRA account holders who have reached retirement age. Market Max has a tiered pricing system (see Market Max Rate Chart.)
Time Account Information: Your account will mature in the length of time selected at account opening. If you withdraw any of the principal before maturity date we may impose the following penalties: For time deposits with an original scheduled maturity of 7-31 days the penalty is all interest earned since the last issue date. For time deposits with an original scheduled maturity of more than 31 days but no longer than one year, the penalty is three months’ interest on the amount withdrawn. For time deposits with an original scheduled maturity of more than one year, the penalty is six months’ interest on the amount withdrawn. Penalties will be waived for IRA account holders who have reached retirement age.
Renewal Policy: Upon maturity, your account will automatically be renewed for the same term at the interest rate that is in effect on the maturity date. You will be granted a grace period of 10 calendar days after maturity to redeem or make changes to your account.