Common use of Early Withdrawal Penalty Clause in Contracts

Early Withdrawal Penalty. On a Business CD account, we will impose a penalty if you withdraw any or all of the principal before the maturity date. You have contracted to keep your funds on deposit for the agreed term. You may not withdraw all or part of a CD except as provided in this Agreement. At our discretion, we may allow you to withdraw all or part of your funds at times other than the grace period. The penalty imposed will be determined by the following schedule based on the number of days in the stated term. Please note that the term of the CD is the specified period of time you agreed to leave your funds on deposit – not the time remaining until maturity of your CD. We calculate the early withdrawal penalty on the principal amount withdrawn. We withdraw interest before principal. If your account has not earned enough interest to cover an early withdrawal penalty, we deduct any interest first and take the remainder of the penalty from your principal. CD term of 6 thru 11 months, 90 days’ loss of interest, accrued or not; CD term of 12 thru 23 months, 180 days’ loss of interest, accrued or not; CD term of 24 thru 35 months, 12 months’ loss of interest, accrued or not; CD term of 36 thru 47 months, 18 months’ loss of interest, accrued or not; CD term of 48 months or greater, 24 months’ loss of interest, accrued or not. If we are required to pay an amount from your CD (i.e. levy or garnishment), we may charge you an early withdrawal penalty, calculated on the amount withdrawn from the CD.

Early Withdrawal Penalty. On a Business CD account, account we will impose a penalty if you withdraw any or all of the principal before the maturity date. You have contracted to keep your funds on deposit for the agreed term. You may not withdraw all or part of a CD except as provided in this Agreement. At our discretion, we may allow you to withdraw all or part of your funds at times other than the grace period. The penalty imposed will be determined by the following schedule based on the number of days in the stated term. Please note that the term of the CD is the specified period of time you agreed to leave your funds on deposit – not the time remaining until maturity of your CD. We calculate the early withdrawal penalty on the principal amount withdrawn. We withdraw interest before principal. If your account has not earned enough interest to cover an early withdrawal penalty, we deduct any interest first and take the remainder of the penalty from your principal. CD term of 6 thru 11 months, 90 days’ days loss of interest, accrued or not; CD term of 12 thru 23 months, 180 days’ days loss of interest, accrued or not; CD term of 24 thru 35 months, 12 months’ months loss of interest, accrued or not; CD term of 36 thru 47 months, 18 months’ months loss of interest, accrued or not; CD term of 48 months or greater, 24 months’ months loss of interest, accrued or not. If we are required to pay an amount from your CD (i.e. levy or garnishment), we may charge you an early withdrawal penalty, calculated on the amount withdrawn from the CD.

Early Withdrawal Penalty. On a Business CD account, we will impose a penalty if you withdraw any or all of the principal before the maturity date. You have contracted to keep your funds on deposit for the agreed term. You may not withdraw all or part of a CD except as provided in this Agreement. At our discretion, we may allow you to withdraw all or part of your funds at times other than the grace period. The penalty imposed will be determined by the following schedule based on the number of days in the stated term. Please note that the term of the CD is the specified period of time you agreed to leave your funds on deposit – not the time remaining until maturity of your CD. We calculate the early withdrawal penalty on the principal amount withdrawn. We withdraw interest before principal. If your account has not earned enough interest to cover an early withdrawal penalty, we deduct any interest first and take the remainder of the penalty from your principal. CD term of 3 thru 5 months, 45 days’ loss of interest, accrued or not; CD term of 6 thru 11 months, 90 days’ loss of interest, accrued or not; CD term of 12 thru 23 months, 180 days’ loss of interest, accrued or not; CD term of 24 thru 35 months, 12 months’ loss of interest, accrued or not; CD term of 36 thru 47 months, 18 months’ loss of interest, accrued or not; CD term of 48 months or greater, 24 months’ loss of interest, accrued or not. If we are required to pay an amount from your CD (i.e. levy or garnishment), we may charge you an early withdrawal penalty, calculated on the amount withdrawn from the CD.. Business CDARS® Certificate of Deposit (CD)‌ The Business CDARS CD provides the ease and convenience to assure all your Business CD's are FDIC insured. When you open a Business CDARS CD, you agree to keep your funds in the account until the maturity date. You must deposit at least $100,000 to open a Business CDARS CD. We provide a confirmation notice at account funding. Certificates of deposit are opened for a fixed amount and held for a specific term. Withdrawal prior to the maturity of the term selected will result in an early Withdrawal Penalty which will substantially reduce the interest earned and could result in the loss of some of the principal. Please refer to the required CDARS Deposit Placement Agreement for additional terms and conditions. Legacy Accounts‌ Axos Bank is no longer accepting applications for the following products: Business Checking – MWA‌ • Simple interest-bearing account • Variable interest rate account • Free Online Banking • Free eDeposit (Remote Deposit Anywhere) • Bill Pay • Image Statements • Unlimited Domestic ATM Fees Reimbursements Fraternal Checking – MWA‌ • Simple interest-bearing account • Variable interest rate account • Free eDeposit (Remote Deposit Anywhere) • Free Online Banking • Free Bill Pay • Image Statements • Unlimited Domestic ATM Fees Reimbursements Fraternal Transfer Checking – MWA‌ • Simple interest-bearing account • Variable interest rate account • Unlimited withdrawals • Free Online Banking Business Savings – MWA‌ • Simple interest-bearing account • Variable interest rate account • Free Online Banking

Early Withdrawal Penalty. On a Business CD account, we will impose a penalty if you withdraw any or all of the principal before the maturity date. You have contracted to keep your funds on deposit for the agreed term. You may not withdraw all or part of a CD except as provided in this Agreement. At our discretion, we may allow you to withdraw all or part of your funds at times other than the grace period. The penalty imposed will be determined by the following schedule based on the number of days in the stated term. Please note that the term of the CD is the specified period of time you agreed to leave your funds on deposit – not the time remaining until maturity of your CD. We calculate the early withdrawal penalty on the principal amount withdrawn. We withdraw interest before principal. If your account has not earned enough interest to cover an early withdrawal penalty, we deduct any interest first and take the remainder of the penalty from your principal. CD term of 3 thru 5 months, 45 days’ loss of interest, accrued or not; CD term of 6 thru 11 months, 90 days’ loss of interest, accrued or not; CD term of 12 thru 23 months, 180 days’ loss of interest, accrued or not; CD term of 24 thru 35 months, 12 months’ loss of interest, accrued or not; CD term of 36 thru 47 months, 18 months’ loss of interest, accrued or not; CD term of 48 months or greater, 24 months’ loss of interest, accrued or not. If we are required to pay an amount from your CD (i.e. levy or garnishment), we may charge you an early withdrawal penalty, calculated on the amount withdrawn from the CD.. Business CDARS® Certificate of Deposit (CD) The Business CDARS CD provides the ease and convenience to assure all your Business CD's are FDIC insured. When you open a Business CDARS CD, you agree to keep your funds in the account until the maturity date. You must deposit at least $100,000 to open a Business CDARS CD. We provide a confirmation notice at account funding. Certificates of deposit are opened for a fixed amount and held for a specific term. Withdrawal prior to the maturity of the term selected will result in an early Withdrawal Penalty which will substantially reduce the interest earned and could result in the loss of some of the principal. Please refer to the required CDARS Deposit Placement Agreement for additional terms and conditions. Axos Bank is no longer accepting applications for the following products: Business Checking – MWA  Simple interest-bearing account  Variable interest rate account  Free Online Banking  Free eDeposit (Remote Deposit Anywhere)  Bill Pay  Image Statements  Unlimited Domestic ATM Fees Reimbursements  Simple interest-bearing account  Variable interest rate account  Free eDeposit (Remote Deposit Anywhere)  Free Online Banking  Free Bill Pay  Image Statements  Unlimited Domestic ATM Fees Reimbursements Fraternal Transfer Checking – MWA  Simple interest-bearing account  Variable interest rate account  Unlimited withdrawals  Free Online Banking  Simple interest-bearing account  Variable interest rate account  Free Online Banking

Early Withdrawal Penalty. On a Business CD account, we will impose a penalty if you withdraw any or all of the principal before the maturity date. You have contracted to keep your funds on deposit for the agreed term. You may not withdraw all or part of a CD except as provided in this Agreement. At our discretion, we may allow you to withdraw all or part of your funds at times other than the grace period. The penalty imposed will be determined by the following schedule based on the number of days in the stated term. Please note that the term of the CD is the specified period of time you agreed to leave your funds on deposit – not the time remaining until maturity of your CD. We calculate the early withdrawal penalty on the principal amount withdrawn. We withdraw interest before principal. If your account has not earned enough interest to cover an early withdrawal penalty, we deduct any interest first and take the remainder of the penalty from your principal. CD term of 3 thru 5 months, 45 days’ loss of interest, accrued or not; CD term of 6 thru 11 months, 90 days’ loss of interest, accrued or not; CD term of 12 thru 23 months, 180 days’ loss of interest, accrued or not; CD term of 24 thru 35 months, 12 months’ loss of interest, accrued or not; CD term of 36 thru 47 months, 18 months’ loss of interest, accrued or not; CD term of 48 months or greater, 24 months’ loss of interest, accrued or not. If we are required to pay an amount from your CD (i.e. levy or garnishment), we may charge you an early withdrawal penalty, calculated on the amount withdrawn from the CD.. Business CDARS® Certificate of Deposit (CD) The Business CDARS CD provides the ease and convenience to assure all your Business CD's are FDIC insured. When you open a Business CDARS CD, you agree to keep your funds in the account until the maturity date. You must deposit at least $100,000 to open a Business CDARS CD. We provide a confirmation notice at account funding. Certificates of deposit are opened for a fixed amount and held for a specific term. Withdrawal prior to the maturity of the term selected will result in an early Withdrawal Penalty which will substantially reduce the interest earned and could result in the loss of some of the principal. Please refer to the required CDARS Deposit Placement Agreement for additional terms and conditions. Axos Bank is no longer accepting applications for the following products: • Simple interest-bearing account • Variable interest rate account • Free Online Banking • Free eDeposit (Remote Deposit Anywhere) • Bill Pay • Image Statements • Unlimited Domestic ATM Fees Reimbursements • Simple interest-bearing account • Variable interest rate account • Free eDeposit (Remote Deposit Anywhere) • Free Online Banking • Free Bill Pay • Image Statements • Unlimited Domestic ATM Fees Reimbursements Fraternal Transfer Checking – MWA • Simple interest-bearing account • Variable interest rate account • Unlimited withdrawals • Free Online Banking Business Savings – MWA • Simple interest-bearing account • Variable interest rate account • Free Online Banking