Disclosures

TRUTH IN SAVINGS

Regular Checking
Deposit limitations – You may make an unlimited number of deposits into your account.

Now Account
Rate information – At our discretion, we may change the interest rate for this account. The interest rate and Annual Percentage Yield (APY) may change at any time.
Compounding frequency – Interest will be compounded monthly.
Crediting frequency – Interest will be credited into this account monthly.
Effect of closing an account – If you close your account before interest is paid, you will not receive the accrued interest.
Daily balance computation method – Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
Accrual of interest on noncash deposits – Interest will begin to accrue on the business day you deposit noncash items (for example, checks) into your account.
Minimum balance to open – The minimum balance required to open this account is $500.00.
Minimum balance to avoid a fee – If your balance falls below $500.00 on any day in the statement cycle, your account will be subject to a $7.00 Service Charge for that statement cycle.
Deposit limitations – You may make an unlimited number of deposits into your account.

Super Now Account
Rate information – At our discretion, we may change the interest rate for this account.
The interest rate and Annual Percentage Yield (APY) may change at any time.
Compounding frequency – Interest will be compounded monthly.
Crediting frequency – Interest will be credited into this account monthly.
Effect of closing an account – If you close your account before interest is paid, you will not receive the accrued interest.
Daily balance computation method – Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
Accrual of interest on noncash deposits – Interest will begin to accrue on the business day you deposit noncash items (for example, checks) into your account.
Minimum balance to open – The minimum balance required to open this account is $1,000.00.
Minimum balance to avoid a fee – If your balance falls below $1,000.00 on any day in the statement cycle, your account will be subject to a $15.00 Service Charge for that statement cycle.
Deposit limitations – You may make an unlimited number of deposits into your account.

Regular Savings
Rate information – At our discretion, we may change the interest rate for this account. The interest rate and Annual Percentage Yield (APY) may change at any time.
Compounding frequency – Interest will be compounded quarterly.
Crediting frequency – Interest will be credited into this account quarterly.
Effect of closing an account – If you close your account before the interest is paid, you will not receive that accrued interest.
Daily balance method – Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
Accrual of interest on noncash deposits – Interest will begin to accrue on the business day you deposit noncash items (for example, checks) into your account.
Minimum balance to open – The minimum balance required to open this account is $5.00.
Deposit limitations – You may make an unlimited number of deposits into your account.
Limitations on frequency of transfers – During any calendar month or statement cycle of at least four weeks, you may not make more than six (6) withdrawals or transfers to another account of yours or a third party by means of a preauthorized or automatic transfer, telephone order or instruction, draft, debit card (if applicable) or similar order to a third party. If you exceed the transfer limitations set forth above in any statement period, your account will be subject to closure by the financial institution.      Fees and Charges- The following fees and charges apply to this account: Excessive Withdrawal Charge: As disclosed above in Limitations of Frequency of Transfers, we will impose a fee of $10.00 per instance if you exceed the maximum electronic transactions limit.

Christmas Club
Minimum balance to open – The minimum balance required to open this account is $1.00
Deposit limitations – You may make no more than forty-nine (49) payments into your account each year. The minimum amount you can deposit is $1.00. The maximum amount you can deposit is $20.00.

If you make forty-nine (49) consecutive deposits of the same amount to this account, then we will make the next deposit of that amount for you. You may choose the amount of deposit within any limits we may set.

Money Market Deposit Account
Rate information – At our discretion, we may change the interest rate and Annual Percentage Yield (APY) for this account. The tiered rate structure is as follows:

  • Tier 1 – $25,000.00 or more
  • Tier 2 – $15,000.00 to $24,999.99
  • Tier 3 – $5,000.00 to $14,999.99

Compounding frequency – Interest will be compounded monthly.
Crediting frequency – Interest will be credited into this account monthly.
Effect of closing an account – If you close your account before the interest is paid, you will not receive that accrued interest.
Daily balance computation method – Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
Accrual of interest on noncash deposits – Interest will begin to accrue on the business day you deposit noncash items (for example, checks) into your account.
Minimum balance to open – The minimum balance to open this account is $5,000.00.
Minimum balance to obtain the disclosed annual percentage yield – You must maintain a minimum daily balance of $5,000.00 in your account each day to earn it.
Minimum balance to avoid a fee – If your balance falls below $5,000.00 on any day in the statement cycle, your account will be subject to a $20.00 Minimum Balance Fee for that statement cycle.
Deposit limitations – You may make an unlimited number of deposits into your account.
Limitations on frequency of transfers – During any statement cycle, you may not make more than six (6) withdrawals or transfers to another of yours or to a third party by means of a preauthorized or automatic transfers or telephone order or instruction, or by check, draft, debit card or similar order to a third party. If you exceed these transfer limitations, your account will be subject to closure by the financial institution.
Fees & Charges -Excessive Withdrawal Charge: As disclosed above in Limitations of Frequency of Transfers, we will impose a fee of $10.00 per instance if you exceed the maximum electronic transactions limit.

YOUR ABILITY TO WITHDRAW FUNDS