First Bank of Yuma - Yuma, Arizona

1st Select Savings

• Interest earned on daily collected balances and compounded quarterly
• Quarterly statement (monthly if Electronic Funds Transaction activity occurs)
• $100.00 minimum opening deposit
• $100.00 minimum to earn interest
• Maintenance Fee $3.00 (if minimum daily balance of $100.00 not met)
• No Maintenance Fee if bi-monthly transfer from a 1st Bank Yuma Checking account of $25.00 or more
• Federal Regulations require a limit of 6 pre-authorized withdrawals per month.
• 3 in-house withdrawals per month are permitted at no charge.
• Excessive in-house withdrawals (more than 3 per month) $3.00 each.

1st Rewards Savings

• Designed to help customers save for special occasions
• Interest earned on daily collected balance and paid quarterly
• $100.00 minimum opening deposit
• $100.00 minimum to earn interest
• $100.00 minimum to keep account open
• No Maintenance Fee
• Additional deposits may be made at any time, in any amount
• Balance minus $100.00 (minimum to keep account open) is transferred annually to a designated 1st Bank Yuma account – on the day that you choose.
• 1 Free withdrawal per year
• Excessive withdrawal fee of $10.00 per transaction

1st Elite Savings

• *Relationship Account Only - 1st Elite Checking Account required
• $50,000.00 minimum opening balance
• $50,000.00 minimum to earn interest
• No maintenance fee
• Interest earned on daily collected balance of $50,000.00 or more and compounded quarterly
• Tiered interest rates based on balance ranges beginning at $50,000.00
• Tiered structure: $50,000; $100,000; $250,000; $500,000+
• Quarterly statement (monthly if electronic transactions occur)
• Federal Regulations require a limit of 6 Pre-Authorized withdrawals per month
• Excessive withdrawal fee of $10.00 each

Certificates of Deposit

• Minimum deposit $1,000.00
• Tiered interest rates based on balance range and term. Tiered rate structure - $1,000 and $100,000 (see Rates for current interest rate and annual percentage yield)
• Term Structure – 7-31 days; 32-89 days; 90-179 days; 180-364 days; 1 year; 18 month; 2 year; 3 year; 4 year; and 5 year
• Interest can be paid to you monthly, quarterly, semi annually or annually.
• Interest can be compounded, deposited to a designated 1st Bank Yuma account, or mailed to you by check.
• Automatically renewable
• Early Withdrawal Penalties may be imposed for withdrawals before maturity

Individual Retirement Account (IRA)

• Traditional IRA, Roth IRA, CESA, and SEP available
• Personal Savings Account or any Certificate of Deposit can be used to open your IRA
• Interest on IRA-Certificate of Deposit can be paid monthly, quarterly, semi-annually, or annually. Interest on IRA-Savings Account is compounded quarterly
• Penalties for early withdrawal can be imposed if withdrawal made before maturity on IRA-Certificate of Deposit
• $100.00 minimum opening deposit for Personal IRA Savings Account
• $1,000.00 minimum opening deposit for IRA Certificate of Deposit
• $25.00 Set-up fee
• $25.00 Closing fee
• Periodic Statements
• Annual contributions
• Optional distributions when age 59 ½ reached
• Mandatory distributions when age 70 ½ reached
• Transfers, Rollovers, Direct Rollovers, and Conversions available

For further information on IRA’s, please consult IRS Publication 590, your tax, legal, or financial advisor.