Personal Statement Savings Account

Rate Info: This account is an interest bearing account.

The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account quarterly. Interest begins to accrue on the business day you deposit noncash items (for example, checks). Interest will be compounded quarterly and will be credited to the account quarterly.

Balance Requirements: We use the average daily balance method to calculate 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.

You must deposit $25.00 to open this account. No limitations.

Fees: You must maintain a minimum daily average balance of $200.00 for a month to avoid a monthly service charge. If the minimum daily average balance during the month is less than $200.00 a service charge of $3.00 will be imposed at the end of the month. In addition, transfers or withdrawals in excess of six (6) during any calendar month will result in the imposition of a $1.00 transactions fee for each transfer or withdrawal in excess of six. 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.

Christmas Club Savings Account

Rate Info: This account is an interest bearing account.

The interest rate and annual percentage yield will not change for the term of the account. The interest rate will be in effect for the term of the account. Interest begins to accrue on the business day you deposit noncash items (for example, checks). Interest will be compounded annually and will be credited to the account at maturity. If the account is closed before interest is credited you will not receive the accrued interest.

Balance Requirements: We use the average daily balance method to calculate 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.

You must deposit $5.00 to open this account. Early withdrawal subject to penalty.

Fees: Interest will be paid at maturity on the average daily balance on deposit for the term, at a rate determined at the discretion of the bank. Penalty for early withdrawal may be loss of interest earned and forfeiture of one weekly principal payment. Payment of principal and interest will be made at the end of each annual term determined by the bank. 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.