Truth in Savings Disclosure

Account Terms and Conditions

Interest Calculation and Compounding

• Interest is calculated using the daily balance method
• Interest is compounded and credited monthly
• Interest begins to accrue on the business day you deposit noncash items
• Interest will be paid on the full amount of principal in the account each day
• If you close your account before interest is credited, you will not receive accrued interest

Minimum Balance Requirements

• Basic Savings: $100 minimum to open, $300 minimum to avoid monthly fee
• Premium Savings: $500 minimum to open, $500 minimum to avoid monthly fee
• Basic Checking: $50 minimum to open, $1,500 minimum to avoid monthly fee
• Interest Checking: $500 minimum to open, $500 minimum to avoid monthly fee
• Premium Checking: $1,500 minimum to open, $10,000 minimum to avoid monthly fee
• Money Market: $2,500 minimum to open and maintain
• Certificates of Deposit: $1,000 minimum deposit required

Transaction Limitations

• Savings and Money Market accounts limited to 6 withdrawals per month by federal regulation
• Excessive transaction fee of $10 applies for each withdrawal over the limit
• No transaction limits on checking accounts
• CD withdrawals before maturity subject to early withdrawal penalties
• Money Market accounts include limited check-writing privileges

Certificate of Deposit Terms

• Fixed interest rate guaranteed for the entire term
• Automatic renewal at current rates unless otherwise instructed
• 10-day grace period after maturity to make changes without penalty
• Early withdrawal penalties:
• Terms less than 12 months: 90 days of interest
• Terms 12-24 months: 180 days of interest
• Terms over 24 months: 365 days of interest

Money Market Account Features

• Tiered interest rates based on daily account balance
• Limited check-writing privileges (3 checks per month)
• Debit card access available
• $2,500 minimum balance to open and maintain
• $15 monthly fee if balance falls below minimum
• Higher interest rates than traditional savings accounts

Rate Change Policy

• Variable rates may change at any time without prior notice
• Rate changes will be effective immediately upon implementation
• Current rates available at all branch locations, online, and by phone
• CD rates are fixed for the term and will not change
• We reserve the right to limit the amount of deposits in any account

Account Fees

• Monthly maintenance fees apply if minimum balance requirements are not met
• Excessive transaction fees for withdrawals over federal limits
• Overdraft fees apply to checking accounts
• ATM fees for out-of-network usage
• Wire transfer and other service fees as outlined in our Fee Schedule

FDIC Insurance

• All deposit accounts are insured by the Federal Deposit Insurance Corporation
• Insurance coverage up to $250,000 per depositor, per insured bank
• Separate coverage for different ownership categories
• Joint accounts have separate coverage from individual accounts