Consumer Truth in Savings Information

TRUTH-IN-SAVINGS-DISCLOSURE

Basic Checking Account

Minimum balance to open the account – You must deposit at least $100.00 to open this account.

Fees: A per item fee of $0.50 will be imposed for each debit over ten. A maintenance fee of $8.00 will be imposed every monthly statement cycle.

Personal Checking Account

Minimum balance to open the account – You must deposit at least $2,000.00 to open this account.

Minimum balance to avoid the imposition of fees – A maintenance fee of $15.00 will be imposed every statement cycle if the average daily balance for the period falls below $2,000.00. The average daily balance is calculated by adding the principal in the account each day of the period and dividing that figure by the number of days in that period. The period we use is statement cycle.

Interest Checking Account

Rate information – *The interest rate and annual percentage yield for your account depend upon the applicable rate tier. The interest rate and annual percentage yield for these tiers 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 daily. Interest will be credited monthly at statement cycle date.

Effect of closing an account – If you close your account before interest is credited; you will receive the accrued interest.

Minimum balance to open the account – You must deposit at least $3,000.00 to open this account.

Minimum balance to avoid the imposition of fees – A maintenance fee of $20.00 will be imposed every statement cycle if the average daily balance for the period falls below $3,000.00. The average daily balance is calculated by adding the principal in the account each day of the period and dividing that figure by the number of days in that period. The period we use is statement cycle.

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. The period we use is statement cycle.

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).

Withdrawal of interest – We reserve the right to at any time require not less than 7 days notice in writing before any withdrawal from an interest bearing account.

Personal Savings Account

Rate information – The 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 daily. Interest will be credited quarterly at statement cycle date.

Effect of closing an account – If you close your account before interest is credited; you will receive the accrued interest.

Minimum balance to open the account – You must deposit at least $100.00 to open this account.

Minimum balance to avoid the imposition of fees – A maintenance fee of $10.00 will be imposed every quarterly statement cycle if the average daily balance for the period falls below $500.00. The average daily balance is calculated by adding the principal in the account each day of the period and dividing that figure by the number of days in that period. The period we use is statement cycle.

Transaction limitations and fees – An excessive debit fee of $2.00 will be imposed for each withdrawal over six transactions (withdrawal, check paid, automatic transfer or payment out of your account).

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. The period we use is statement cycle.

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).

Withdrawal of interest – We reserve the right to at any time require not less than 7 days notice in writing before any withdrawal from an interest bearing account.

Money Market Account

Rate information – **The interest rate and annual percentage yield for your account depend upon the applicable rate tier. The interest rate and annual percentage yield for these tiers 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 daily. Interest will be credited monthly at statement cycle date.

Effect of closing an account – If you close your account before interest is credited; you will receive the accrued interest.

Minimum balance to open the account – You must deposit at least $5,000.00 to open this account.

Minimum balance to avoid the imposition of fees – A maintenance fee of $25.00 will be imposed every monthly statement cycle if the average daily balance for the period falls below $5,000.00. The average daily balance is calculated by adding the principal in the account each day of the period and dividing that figure by the number of days in that period. The period we use is statement cycle.

Transaction limitations and fees – Transfers from a Money Market account to another account or to third parties by preauthorized, automatic, telephone or computer transfer or by check, draft, debit card or similar order to third parties are limited to six per statement cycle. An excessive debit fee of $15.00 will be imposed for each debit over six (withdrawal, check paid, automatic transfer or payment out of your account).

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. The period we use is statement cycle.

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).

Withdrawal of interest – We reserve the right to at any time require not less than 7 days notice in writing before any withdrawal from an interest bearing account.

IRA Savings

Rate information – The 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 daily. Interest will be credited quarterly at statement cycle date.

Effect of closing an account – If you close your account before interest is credited; you will receive the accrued interest. In certain circumstances such as death or incompetence of an owner of this account, the law permits, or in some cases requires, the waiver of the early withdrawal penalty. Other exceptions may also apply.

Minimum balance to open the account – You must deposit at least $1,000.00 to open this account. There is no maintenance fee or minimum balance required on this account.

Transaction limitations and fees – Transfers from an IRA Savings account to another account or to third parties by preauthorized, automatic, telephone or computer transfer are limited to six per calendar month with no transfers by check, draft, debit card or similar order to third parties. An excessive debit fee of $15.00 will be imposed for each debit over six (withdrawal, check paid, automatic transfer or payment out of your account).

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. The period we use is statement cycle.

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).

Withdrawal of interest – We reserve the right to at any time require not less than 7 days notice in writing before any withdrawal from an interest bearing account.

IRA Money Market Account

Rate information – **The interest rate and annual percentage yield for your account depend upon the applicable rate tier. The interest rate and annual percentage yield for these tiers 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 daily. Interest will be credited monthly at statement cycle date.

Effect of closing an account – If you close your account before interest is credited; you will receive the accrued interest. In certain circumstances such as death or incompetence of an owner of this account, the law permits, or in some cases requires, the waiver of the early withdrawal penalty. Other exceptions may also apply.

Minimum balance to open the account – You must deposit at least $4,000.00 to open this account. There is no maintenance fee or minimum balance required on this account.

Transaction limitations and fees – Transfers from an IRA Money Market account to another account or to third parties by preauthorized, automatic, telephone or computer transfer or by check, draft or similar order to third parties are limited to six per statement cycle. An excessive debit fee of $15.00 will be imposed for each debit over six (withdrawal, check paid, automatic transfer or payment out of your account).

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. The period we use is statement cycle.

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).

Withdrawal of interest – We reserve the right to at any time require not less than 7 days notice in writing before any withdrawal from an interest bearing account.

Certificate of Deposit (7 - 89 Days)

Rate information – You will be paid the disclosed rate until maturity.

Compounding and crediting – Interest will be compounded daily. Interest will be credited monthly.

Minimum balance to open the account – You must deposit at least $10,000.00 to open this account.

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).

Additions to account – You may not make any deposits into your account until maturity.

Transaction limitations – You can withdraw interest once it has been credited.

Early withdrawal penalties – A penalty may be imposed for withdrawals before maturity. The penalty will be an amount equal to all interest on the amounts withdrawn. The interest rate we will use to calculate the interest forfeiture will be based on a simple interest calculation using a 365 day basis. In certain circumstances such as death or incompetence of an owner of this account, the law permits, or in some cases requires, the waiver of the early withdrawal penalty. Other exceptions may also apply.

Withdrawal of interest prior to maturity – The annual percentage yield assumes that interest remains on deposit until maturity. A withdrawal of interest will reduce earnings.

Effect on closing an account – If you close your account before interest is credited; you will receive the accrued interest.

Renewal policy and terms – This account will automatically renew at maturity. You will have ten (two if maturity is 7-30 days) days after the maturity date to withdraw funds without penalty. Each renewal term will be the same as the original term, beginning on the maturity date. Interest will be calculated on the same basis as during the original term.

Exceptions to the automatic renewal – The account will not automatically renew if you withdraw the funds on the maturity date or if we receive written notice from you on or before the maturity date of your intention not to renew.

Certificate of Deposit (90 - 364 Days)

Rate information – You will be paid the disclosed rate until maturity.

Compounding and crediting – Interest will be compounded daily. Interest will be credited monthly.

Minimum balance to open the account – You must deposit at least $10,000.00 to open this account.

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).

Additions to account – You may not make any deposits into your account until maturity.

Transaction limitations – You can withdraw interest once it has been credited.

Early withdrawal penalties – A penalty may be imposed for withdrawals before maturity. The penalty will be an amount equal to 90 days’ interest on amount withdrawn. The interest rate we will use to calculate the interest forfeiture will be based on a simple interest calculation using a 365 day basis. In certain circumstances such as death or incompetence of an owner of this account, the law permits, or in some cases requires, the waiver of the early withdrawal penalty. Other exceptions may also apply.

Withdrawal of interest prior to maturity – The annual percentage yield assumes that interest remains on deposit until maturity. A withdrawal of interest will reduce earnings.

Effect on closing an account – If you close your account before interest is credited; you will receive the accrued interest.

Renewal policy and terms – This account will automatically renew at maturity. You will have ten days after the maturity date to withdraw funds without penalty. Each renewal term will be the same as the original term, beginning on the maturity date. Interest will be calculated on the same basis as during the original term.

Exceptions to the automatic renewal – The account will not automatically renew if you withdraw the funds on the maturity date or if we receive written notice from you on or before the maturity date of your intention not to renew.

Certificate of Deposit (12 - 23 Months)

Rate information – You will be paid the disclosed rate until maturity.

Compounding and crediting – Interest will be compounded daily. Interest will be credited monthly.

Minimum balance to open the account – You must deposit at least $10,000.00 to open this account.

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).

Additions to account – You may not make any deposits into your account until maturity.

Transaction limitations – You can withdraw interest once it has been credited.

Early withdrawal penalties – A penalty may be imposed for withdrawals before maturity. The penalty will be an amount equal to 180 days’ interest on amount withdrawn. The interest rate we will use to calculate the interest forfeiture will be based on a simple interest calculation using a 365 day basis. In certain circumstances such as death or incompetence of an owner of this account, the law permits, or in some cases requires, the waiver of the early withdrawal penalty. Other exceptions may also apply.

Withdrawal of interest prior to maturity – The annual percentage yield assumes that interest remains on deposit until maturity. A withdrawal of interest will reduce earnings.

Effect on closing an account – If you close your account before interest is credited; you will receive the accrued interest.

Renewal policy and terms – This account will automatically renew at maturity. You will have ten days after the maturity date to withdraw funds without penalty. Each renewal term will be the same as the original term, beginning on the maturity date. Interest will be calculated on the same basis as during the original term.

Exceptions to the automatic renewal – The account will not automatically renew if you withdraw the funds on the maturity date or if we receive written notice from you on or before the maturity date of your intention not to renew.

Certificate of Deposit (24 - 60 Months)

Rate information – You will be paid the disclosed rate until maturity.

Compounding and crediting – Interest will be compounded daily. Interest will be credited monthly.

Minimum balance to open the account – You must deposit at least $10,000.00 to open this account.

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).

Additions to account – You may not make any deposits into your account until maturity.

Transaction limitations – You can withdraw interest once it has been credited.

Early withdrawal penalties – A penalty may be imposed for withdrawals before maturity. The penalty will be an amount equal to 9 months’ interest on amount withdrawn. The interest rate we will use to calculate the interest forfeiture will be based on a simple interest calculation using a 365 day basis. In certain circumstances such as death or incompetence of an owner of this account, the law permits, or in some cases requires, the waiver of the early withdrawal penalty. Other exceptions may also apply.

Withdrawal of interest prior to maturity – The annual percentage yield assumes that interest remains on deposit until maturity. A withdrawal of interest will reduce earnings.

Effect on closing an account – If you close your account before interest is credited; you will receive the accrued interest.

Renewal policy and terms – This account will automatically renew at maturity. You will have ten days after the maturity date to withdraw funds without penalty. Each renewal term will be the same as the original term, beginning on the maturity date. Interest will be calculated on the same basis as during the original term.

Exceptions to the automatic renewal – The account will not automatically renew if you withdraw the funds on the maturity date or if we receive written notice from you on or before the maturity date of your intention not to renew.

IRA Certificate of Deposit

Rate information – You will be paid the disclosed rate until maturity.

Compounding and crediting – Interest will be compounded daily. Interest will be credited monthly.

Minimum balance to open the account – You must deposit at least $4,000.00 to open this account.

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).

Additions to account – You may not make any deposits into your account until maturity.

Transaction limitations – You can withdraw interest once it has been credited. You may make withdrawals of principal before maturity.

Early withdrawal penalties – A penalty may be imposed for withdrawals before maturity.

  • If your account has a maturity of 7-89 days, the penalty will be all interest on amount withdrawn.
  • If your account has a maturity of 90-364 days, the penalty will be an amount equal to 90 days’ interest on amount withdrawn.
  • If your account has a maturity of 12-23 months, the penalty will be an amount equal to 180 days’ interest on amount withdrawn.
  • If your account has a maturity of 24-60 months, the penalty will be an amount equal to 9 month’ interest on amount withdrawn.

The interest rate we will use to calculate the interest forfeiture will be based on a simple interest calculation using a 365 day basis. In certain circumstances such as death or incompetence of an owner of this account, the law permits, or in some cases requires, the waiver of the early withdrawal penalty. Other exceptions may also apply.

Withdrawal of interest prior to maturity – The annual percentage yield assumes that interest remains on deposit until maturity. A withdrawal of interest will reduce earnings.

Effect on closing an account – If you close your account before interest is credited; you will receive the accrued interest.

Renewal policy and terms – This account will automatically renew at maturity. You will have ten days after the maturity date to withdraw funds without penalty. Each renewal term will be the same as the original term, beginning on the maturity date. Interest will be calculated on the same basis as during the original term.

Exceptions to the automatic renewal – The account will not automatically renew if you withdraw the funds on the maturity date or if we receive written notice from you on or before the maturity date of your intention not to renew.

*The tiers for the Interest Checking Account are:

$0 - $9,999
$10,000 - $49,999  
$50,000 - $149,999 
$150,000 - $299,999
$300,000 - $499,999
$500,000 - $749,999
$750,000 - $999,999
$1,000,000 +

**The tiers for the Money Market Account are:

$0 - $4,999
$5,000 - $49,999
$50,000 - $149,999  
$150,000 - $299,999
$300,000 - $499,999
$500,000 +