Truth-in-Savings Disclosure
TRUTH-IN-SAVINGS DISCLOSURE
Your account is a master deposit account which consists of two subaccounts: a transaction account and a nontransaction account. We will make internal transfers between these two subaccounts however that will have no effect on your account or your ability to use it. See your account agreement for additional information.
CONVENIENCE CHECKING ACCOUNT
Minimum balance to open the account - You must deposit $100.00 to open this account.
Minimum balance to avoid imposition of fees - If your balance falls below $200.00 on any day in the statement cycle we will impose a maintenance fee of $5.00 once during the statement cycle.
Check limitations: 10 free checks per statement cycle there after each additional check will be $0.40 each.
PREMIER CHECKING ACCOUNT
Minimum balance to open the account - You must deposit $100.00 to open this account.
Minimum balance to avoid imposition of fees - If your balance falls below $900.00 on any day in the monthly statement cycle we will impose a maintenance fee of $9.00 once during the statement cycle.
Fees:
The maximum fee that will be charged to this account is $9.00.
SENIOR CHECKING ACCOUNT
(For persons over age 60)
Minimum balance to open the account - You must deposit $100.00 to open this account.
SENIOR PLUS CHECKING ACCOUNT
(To open this account you must also have the
Senior Plus Savings account and be age 60 or better)
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.
Effect of closing an account - If you close your account before interest is credited, you will not receive the accrued interest.
Minimum balance to open the account - You must deposit $100.00 to open this account.
Minimum balance to obtain the annual percentage yield disclosed - You must maintain a minimum balance of $1,000.00 in the account each day to obtain the disclosed annual percentage yield.
Daily balance computation method - We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Accrual of interest on noncash deposits - Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).
E - ACCOUNT
Minimum balance to open the account - You must deposit $100.00 to open this account.
- No monthly maintenance fee
- Free Visa Debit Card
- Electronic withdrawals only
- Free online Banking, Bill Payment and ATM transactions
SENIOR PLUS SAVINGS ACCOUNT
(To open this account you must also have the
Senior Plus Checking account and be age 60 or better)
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 quarter. Interest will be credited to your account every quarter.
Effect of closing an account - If you close your account before interest is credited, you will not receive the accrued interest.
Minimum balance to open the account - You must deposit $5,000.00 to open this account.
Minimum balance to avoid imposition of fees - A maintenance fee of $5.00 will be imposed every month if the balance in the account falls below $5,000.00 any day of the month.
Daily balance computation method - We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Accrual of interest on noncash deposits - Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).
Transaction limitations:
Transfers from a Senior Plus Savings account to another account or to third parties by preauthorized, automatic, telephone, or computer transfer are limited to six per statement cycle.
Fees:
An excess withdrawal fee of $3.00 will be charged for each withdrawal other than ATM withdrawals in excess of two during a monthly cycle.
INTEREST CHECKING 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.
Effect of closing an account - If you close your account before interest is credited, you will not receive the accrued interest.
Minimum balance to open the account - You must deposit $100.00 to open this account.
Minimum balance to avoid imposition of fees - If your balance falls below $1,500.00 on any day in the monthly statement cycle we will impose a maintenance fee of $12.00 once during the statement cycle.
Minimum balance to obtain the annual percentage yield disclosed - You must maintain a minimum balance over $1,000.00 in the account each day to obtain the disclosed annual percentage yield.
Daily balance computation method - We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Accrual of interest on noncash deposits - Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).
MONEY MANAGEMENT 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.
Effect of closing an account - If you close your account before interest is credited, you will not receive the accrued interest.
Minimum balance to open the account - You must deposit $100.00 to open this account.
Minimum balance to avoid imposition of fees - A maintenance fee of $14.00 will be imposed every statement cycle if the balance in the account falls below $2,500.00 any day of the cycle.
Minimum balance to obtain the annual percentage yield disclosed - You must maintain a minimum balance over $1,000.00 in the account each day to obtain the disclosed annual percentage yield.
Daily balance computation method - We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Accrual of interest on noncash deposits - Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).
Transaction limitations:
Transfers from a Money Management account to another account or to third parties by preauthorized, automatic, telephone, or computer transfer or by debit card or similar order to third parties are limited to six per statement cycle.
Fees:
A transaction fee of $10.00 will be charged for each check or draft in excess of six during a statement cycle.
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 quarter. Interest will be credited to your account every quarter.
Effect of closing an account - If you close your account before interest is credited, you will not receive the accrued interest.
Minimum balance to open the account - You must deposit $100.00 to open this account.
Minimum balance to avoid imposition of fees - A maintenance fee of $3.00 will be imposed every month if the balance in the account falls below $200.00 any day of the month.
Daily balance computation method - We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Accrual of interest on noncash deposits - Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).
Transaction limitations:
Transfers from a Savings account to another account or to third parties by preauthorized, automatic, telephone, or computer transfer are limited to six per statement cycle.
Fees:
An excess withdrawal fee of $3.00 will be charged for each withdrawal other than ATM withdrawals in excess of two during a month.
HIGH FIVE 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 quarter. Interest will be credited to your account every quarter.
Effect of closing an account - If you close your account before interest is credited, you will not receive the accrued interest.
Minimum balance to open the account - You must deposit $5,000.00 to open this account.
Minimum balance to avoid imposition of fees - A maintenance fee of $10.00 will be imposed every month if the balance in the account falls below $5,000.00 any day of the month.
Daily balance computation method - We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Accrual of interest on noncash deposits - Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).
Transaction limitations:
Transfers from a High Five Savings account to another account or to third parties by preauthorized, automatic, telephone, or computer transfer are limited to six per statement cycle.
Fees:
A teller withdrawal fee of $5.00 will be charged for each teller withdrawal in excess of two during a month.
We will charge you a closeout fee of $5.00 if the account is closed within five months.
YOUTH SAVINGS ACCOUNT
(For age 18 and under)
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 quarter. Interest will be credited to your account every quarter.
Effect of closing an account - If you close your account before interest is credited, you will not receive the accrued interest.
Minimum balance to open the account - You must deposit $25.00 to open this account.
Minimum balance to avoid imposition of fees - A maintenance fee of $3.00 will be imposed every month if the balance in the account falls below $25.00 any day of the month.
Daily balance computation method - We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Accrual of interest on noncash deposits - Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).
Transaction limitations:
Transfers from a Youth Savings account to another account or to third parties by preauthorized, automatic, telephone, or computer transfer are limited to six per statement cycle.
Fees:
A withdrawal fee of $3.00 will be charged for each withdrawal in excess of two during a month.
________________________ CERTIFICATE OF DEPOSIT