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Limited-Time Save & Invest CD Package

Save for Today

Earn our highest rate with this short 6-month term.

Your short-term savings can work harder for you. At 2.00% APY*, this 6-month Save CD has one of the area’s highest rates available. Plus, with no penalty for early withdrawal*, you can relax knowing you’ll have access to your money.

How does it work?

Invest for Tomorrow

A long-term investment with potential for earnings, but without the losses.

Now more than ever, you need security in your investments. Our 36-month Invest CD guarantees 100% of your principal, while putting the S&P 500 Stock Index® to work for you.**

How does it work?

Visit your local branch to open this package today.

See how our highest rate stacks up against the competition.

36-Month Invest CD

Open this long-term investment CD with $2,500 or more, and each year on the review date of February 21st, if the S&P 500 Stock Index goes up from February 22, 2010, you'll enjoy a great rate. With 100% of your principal guaranteed even if the S&P 500 Stock Index goes down, you may not receive an interest payment, but you'll never lose any of the money you invested. Plus, this CD is FDIC-insured.† To open an Invest CD, you'll need to open both the 6-month Save CD and the 36-month Invest CD with equal opening deposits.

If the S&P 500 Index Increases All 3 Years

If the closing value of the S&P 500 Index on 2/22/10 is...	and on…	the S&P 500 Index is…	Interest Payment Made
1,023.50	2/21/2011	1,025.70	Yes
1,023.50	2/21/2012	1,024.50	Yes
1,023.50	2/21/2013	1,026.50	Yes

If the S&P 500 Index Decreases 1 of the 3 Years

If the closing value of the S&P 500 Index on 2/22/10 is... and on… the S&P 500 Index is... Interest Payment Made

1,023.50 2/21/2011 1,025.70 Yes

1,023.50 2/21/2012 1,000.50 No
1,023.50 2/21/2013 1,026.50 Yes

To find out more, call 877-768-2265 or to open this package visit your local branch today.

FAQs

* Minimum deposit of $5,000 and a maximum deposit of $499,999 to open a Save & Invest CD Package, which must be opened on or before February 12, 2010. Half of your opening deposit, or at least $2,500, is placed in a Save CD, which is a 6-month certificate of deposit account. Your Save CD will earn interest at a rate of 1.98%, which corresponds to an annual percentage yield (APY) of 2.00%. The remaining half of your opening deposit is placed in an Invest CD that matures on February 22, 2013. That means the term of your Invest CD is the period of time from the day you open your account until February 22, 2010, plus 36 months. Please visit a Sovereign Bank Branch to learn more about the Invest CD, including how you earn interest. A penalty will be imposed for early withdrawals from the Invest CD and for any early withdrawals from the Save CD within the first 6 days after the Save CD is opened. If you ask to make an early withdrawal from either your Save or your Invest CD, the entire balance of that CD must be withdrawn. In addition, if you make an early withdrawal from your Invest CD during the term of your Save CD, your Save CD will also be closed. Personal accounts only.

** On the maturity date of your Invest CD and as long as you have not withdrawn the balance prior to that date, your principal balance will not decrease, regardless of the performance of any index. Your Save CD and your Invest CD are insured by the FDIC up to the maximum amount allowed by law.

† Please visit www.fdic.gov for details.

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