| TRUTH-IN-SAVINGS
DISCLOSURE
MONEY
MARKET ACCOUNT
Rate
Information - Your interest rate and annual percentage
yield may change.
Frequency
of rate changes - We may change the interest rate
on your account at any time.
Determination
of rate - At our discretion, we may change the interest
rate on your account.
Compounding
and crediting frequency - Interest will be compounded
every month. Interest will be credited to your account
every month.
Minimum
balance to open the account - You must deposit $1,000.00
to open this account.
Minimum
balance to avoid imposition of fees - A low balance
fee of $5.00 will be imposed each monthly statement
cycle if the average daily balance for the monthly statement
cycle falls below $1,000.00. The average daily balance
is calculated by adding the principal in the account
for each day of the period and dividing that figure
by the number of days in the period. The period we use
is the monthly statement cycle.
Average
daily balance computation method - We use the average
daily balance method to calculate the interest on your
account. This method applies a periodic rate to the
average daily balance in the account for the period.
The average daily balance is calculated by adding the
principal in the account for each day of the period
and dividing that figure by the number of days in the
period. The period we use is the monthly statement cycle.
Accrual
of interest on noncash deposits - Interest begins
to accrue on the first business day after the banking
day you deposit noncash items (for example, checks).
Transaction
limitations:
Transfers from a Money Market account to another account
or to third parties by preauthorized, automatic, or
telephone transfer are limited to six per statement
cycle with no more than three by check or similar order
to third parties.
Fees:
An excess transaction fee of $10.00 will be charged
for each transaction in excess of six during a statement
cycle.
NOW
ACCOUNT
Rate
information - Your interest rate and annual percentage
yield may change.
Frequency
of rate changes - We may change the interest rate
on your account at any time.
Determination
of rate - At our discretion, we may change the interest
rate on your account.
Compounding
and crediting frequency - Interest will be compounded
every month. Interest will be credited to your account
every month.
Minimum
balance to open the account - You must deposit $500.00
to open this account.
Minimum
balance to avoid imposition of fees - A low balance
fee of $5.00 will be imposed each monthly statement
cycle if the average daily balance for the monthly statement
cycle falls below $500.00. The average daily balance
is calculated by adding the principal in the account
for each day of the period and dividing that figure
by the number of days in the period.
Average
daily balance computation method - We use the average
daily balance method to calculate the interest on your
account. This method applies a periodic rate to the
average daily balance in the account for the period.
The average daily balance is calculated by adding the
principal in the account for each day of the period
and dividing that figure by the number of days in the
period. The period we use is the monthly statement cycle.
Accrual
of interest on noncash deposits - Interest begins
to accrue on the first business day after the banking
day you deposit noncash items (for example, checks).
STATEMENT
SAVINGS ACCOUNT
Rate
Information - Your interest rate and annual percentage
yield may change.
Frequency
of rate changes - We may change the interest rate
on your account at any time.
Determination
of rate - At our discretion, we may change the interest
rate on your account.
Compounding
and crediting frequency - Interest will be compounded
every month. Interest will be credited to your account
every month.
Minimum
balance to open the account - You must deposit $25.00
to open this account.
Average
daily balance computation method - We use the average
daily balance method to calculate the interest on your
account. This method applies a periodic rate to the
average daily balance in the account for the period.
The average daily balance is calculated by adding the
principal in the account for each day of the period
and dividing that figure by the number of days in the
period. The period we use is the monthly statement cycle.
Accrual
of interest on noncash deposits - Interest begins
to accrue on the first business day after the banking
day you deposit noncash items (for example, checks).
Transaction
limitations:
Transfers from a Statement Savings account to another
account or to third parties by preauthorized, automatic,
or telephone transfer are limited to six per statement
cycle with no transfers by check, draft, debit card,
or similar order to third parties.
CHRISTMAS
CLUB ACCOUNT
Rate
Information - Your interest rate and annual percentage
yield may change.
Frequency
of rate changes - We may change the interest rate
on your account at any time.
Determination
of rate - At our discretion, we may change the interest
rate on your account.
Compounding
and crediting frequency - Interest will be compounded
and credited to your account at maturity.
Minimum
balance to open the account - You must deposit $10.00
to open this account.
Average
daily balance computation method - We use the average
daily balance method to calculate the interest on your
account. This method applies a periodic rate to the
average daily balance in the account for the period.
The average daily balance is calculated by adding the
principal in the account for each day of the period
and dividing that figure by the number of days in the
period. the period we use is the monthly statement cycle.
Accrual
of interest on noncash deposits - Interest begins
to accrue on the first business day after the banking
day you deposit noncash items (for example, checks).
Fees:
A withdrawal fee of $10.00 will be charged if any withdrawal
is made before maturity.
Common
Features and Charges Related To Deposit Accounts:
-
Daily Cut-Off Time: .........................2:00
P.M.
-
Assumed Days/Annu: .............................365
-
Maintenance Fee: ................................NONE
-
Dormant Account Fee: .........................NONE
-
Insufficient Funds Item: ............................$20
-
Insufficient Funds Item (Returned): ............$21
-
Stop-Payment Request: ...........................$15
-
Wire Transfer Fee (Outgoing): ...................$10
-
Wire Transfer Fee (Incoming): ................NONE
-
Official Check Fee: ....................................$3
-
Copy Fee (per page): ..............................$.25
-
Money Orders: ..........................................$3
-
Travelers Checks: ........................$1
per $100
Time Accounts: The annual percentage yield assumes interest
remains on deposit until maturity and withdrawal will
reduce earnings.
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