Effective May 6, 2008

91 DAY CERTIFICATE

Minimum Balance Required:    $500

Current Interest Rate:      1.85%; APY:  1.86%

Early Withdrawal Penalty:  90 Days Interest  

Interest paid at maturity

18 MONTH CERTIFICATE

Minimum Balance Required:   $1,000

Current Interest Rate:      2.50%; APY:  2.52%

Early Withdrawal Penalty:  182 Days Interest

Interest paid on calendar quarter and at maturity

36 MONTH OPTION RATE CD

Minimum Balance Required:    $1,000

Current Interest Rate:      2.70%; APY:  2.73%

Early Withdrawal Penalty:  182 Days Interest

Interest paid on calendar quarter and at maturity

182 DAY CERTIFICATE – TIERED INTEREST

Minimum Balance Required:             $1,000

1,000- 5,000                    2.00%    APY:  2.02%

5,001-25,000                   2.15        APY:  2.17

25,001-100,000              2.30        APY:  2.32

over 100,000                   2.50        APY:  2.52

Early Withdrawal Penalty:  90 Days Interest

Interest paid on calendar quarter and at maturity

12 MONTH CERTIFICATE – TIERED INTEREST

Minimum Balance Required:             $1,000

1,000- 5,000                    2.20%    APY:  2.22%

5,001-25,000                   2.35        APY:  2.37

25,001-100,000              2.45        APY:  2.47

over 100,000                   2.80        APY:  2.83

Early Withdrawal Penalty:  90 Days Interest

Interest paid on calendar quarter and at maturity

24 MONTH CERTIFICATE – TIERED INTEREST

Minimum Balance Required:             $1,000

1,000- 5,000                    2.15%    APY:  2.17%

5,001-25,000                   2.25        APY:  2.27

25,001-100,000              2.45        APY:  2.47

over 100,000                   2.80        APY:  2.83

Early Withdrawal Penalty:  182 Days Interest

Interest paid on calendar quarter and at maturity

48 MONTH CERTIFICATE – TIERED INTEREST

Minimum Balance Required:             $1,000

1,000- 5,000                    2.65%    APY:  2.65%

5,001-25,000                   2.80        APY:  2.80

25,001-100,000              2.90        APY:  2.90

over 100,000                   3.05        APY:  3.05

Early Withdrawal Penalty:  182 Days Interest

Interest paid each December 31 and at maturity

        Any Wells Federal Certificate (except the 91 day) can be used for Keogh & IRA Accounts, plus the IRA Money Market Deposit Account, as shown below:

Minimum Balance Required:  $25

Additions Allowed:  At Anytime

Current Interest Rate:  2.85%;   APY:  2.88%

Interest Paid every 31 days by compounding

1.  All Certificates are automatically renewed;

2.  Maturity and renewal interest rate notices are sent on all except the 91 day term

3.  Interest can be paid by check if the account balance is $10,000 or more

4.  Interest can be paid by compounding to the certificate for a higher effective yield

5.  Compounded interest can be withdrawn at anytime

6.  Monthly interest checks are available to Senior Citizens and retired persons provided account balance is $10,000 or more

7.  Customers with balances of $1,000 or more can transfer interest monthly to a Wells Federal Checking or Savings account

8.  All accounts are insured to $100,000 by the FDIC.  For information on higher insurance coverage, contact any Wells Federal Bank staff member

9.  Rates are subject to change.  Rates are established on the date of issuance or renewal of the certificate.