Personal Banking

Certificates of Deposit and IRA Certificate Of Deposit

Solera Bank offers two types of Certificates of Deposit (CDs) or Individual Retirement Certificate of Deposit (IRA CDs) for customers seeking a longer-term FDIC-insured account that earns an attractive interest on a minimum opening deposit of $1,000 (for a standard CD) or $500 (for an IRA CD).

Cornerstone Fixed-rate CDs

A sensible option for customers seeking predictable interest earnings over the entire term, the Cornerstone fixed-rate CD can be opened for terms of between 91 days and three years. Once the Cornerstone CD is opened, no additional deposits are allowed to the account.

Cornerstone Fixed-rate IRA CDs

An IRA is a retirement plan designed for use in those later years when you want to enjoy the quality of life you worked so hard to achieve. IRAs can save tax dollars now and earn tax deferred interest for more spendable dollars later. The Cornerstone fixed-rate IRA CD can be opened for terms of one or two years. Additional deposits of a minimum of $50 are allowed during the term.

Opportunity Variable-rate CDs and Opportunity Variable-rate IRA CDs

The interest rate associated with the Opportunity Variable-rate CD and IRA CD varies throughout the term of the CD, as determined by Solera National Bank. When opening an Opportunity CD or IRA CD, the customer chooses a fixed term of either one year or two years. At the customer's option, additional deposits -- at least $500 for a standard variable-rate CD or at least $50 for an IRA CD - will be accepted to this CD during its term.

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Cornerstone Fixed-Rate CDs

Product Profile

	Cornerstone Fixed-Rate CD	Cornerstone Fixed-Rate IRA CD
Balance to Obtain Annual Percentage Yield	$1,000.00	$500.00
Minimum Deposit to Open Account	$1,000.00	$500.00
Terms	91 to 179 days
	180+ days
	One Year	One Year
	Two Years	Two Years
	Three Years
Annual percentage yield (APY) assumes interest is compounded and credited quarterly and remains on deposit until maturity. A withdrawal of interest prior to maturity will reduce earnings. Interest rates on certificates of deposit (CDs) are fixed rates and are paid for the term of the deposit until maturity. Additional deposits to above CDs before maturity are not permitted except to the IRA CD, which allows additional deposits of a minimum of $50. Penalty for early withdrawal on a CD with a term of one year or less is 3 months' interest. Penalty for early withdrawal on a CD with a term of greater than one year is 6 months' interest.

Opportunity Variable-rate CDs

Product Profile

	Opportunity Variable-rate CD	Opportunity Variable-Rate IRA CD
Balance to Obtain Annual Percentage Yield	$1,000.00	$500.00
Minimum Deposit to Open Account	$1,000.00	$500.00
Terms	One Year	One Year
	Two Years	Two Years
Minimum to Add	$500.00	$50.00
Annual percentage yield (APY) assumes interest is compounded and credited quarterly and remains on deposit until maturity. A withdrawal of interest prior to maturity will reduce earnings. Account statements are issued quarterly. Interest rates on Variable rate certificate of deposit are determined at the sole discretion of the bank and are subject to change. Additional deposits to the Variable Rate CD are permitted during the term. Minimum additional deposit is $500.00 on a Variable-rate CD and $50.00 on a Variable-rate IRA CD. Penalty for early withdrawal on a CD with a term of one year or less is 3 months' interest. Penalty for early withdrawal on a CD with a term of greater than one year is 6 months' interest