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Personal Money Market
Premium Money Market
Regular Savings Account
Christmas Club Savings
12 Month IRA
Certificates of Deposit
Jumbo Certificates of Deposit

PERSONAL MONEY MARKET

Compounding frequency - lnterest will be compounded monthly.
Crediting  frequency - Interest will be credited  into this account monthly,
Effect of closing an account  - lf you close your account before interest is paid, you will not receive the accrued interest.
Daily balance computation method - lnterest 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 - lnterest 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 $2,500.00.
Minimum balance to obtain the disclosed  annual percentage  yield  - You must maintain  a minimum daily balance of $2,500.00 in your account each day to obtain  the disclosed annual percentage yield.
Minimum balance to avoid a fee - lf your balance falls below $2,500.00 on any day in the month, your account will be subject to a $5.00 Maintenance Fee for that month.
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 withdrawals or transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction.  No more than three of the six transfers may be made by check, draft, debit card (if applicable)  or similar order to a third party. lf you exceed  the transfer limitations set forth above in any statement period, your account will be subject to closure by the financial institution.

PREMIUM MONEY MARKET

Compounding  frequency - lnterest will be compounded monthly.
Crediting  frequency - lnterest will be credited  into this account monthly.
Effect of closing an account  - lf you close your account before interest is paid, you will not  receive the accrued interest.
Daily balance computation method - lnterest 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 - lnterest 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 $25,000.00.
Minimum balance to obtain the disclosed annual percentage yield  - You must maintain a minimum daily balance of $25,OOO.OO in your account each day to obtain the disclosed annual percentage yield.
Minimum balance to avoid a fee - lf your balance falls below $25,000.00 on any day in the month, your account will be subject to a $5.00 Maintenance Fee for that month.
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 withdrawals or transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction.  No more than three of the six transfers may be made by check, draft, debit card  (if applicable)  or similar order  to a third party.  lf you exceed the transfer limitations set forth above in any statement period, your account will be subject to closure by the financial institution.

REGULAR SAVINGS ACCOUNT

Compounding frequency - lnterest will be compounded quarterly.
Crediting frequency  - lnterest will be credited  into this account quarterly.
Effect of closing an account  - lf you close  your account before interest is paid, you will not  receive the accrued interest.
Daily balance computation method - lnterest  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  - lnterest 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 $50.00.
Deposit limitations  - You may make an unlimited number of deposits into your account.
Fees and Charges  - The following fees and charges apply to this account:
      Excessive Withdrawal Fee: $1.00 Excessive Withdrawal Fee will be charged per withdrawal after 3 withdrawals during a statement cycle.

CHRISTMAS CLUB SAVINGS

Compounding  frequency - lnterest will not be compounded.
Crediting  frequency - We will not credit interest to this account, but interest will be mailed by check annually.
Effect of closing an account  - lf you close your account before interest is paid, you will not receive  the accrued interest.
Daily balance computation method - lnterest 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 - lnterest 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.
Fees and Charges  - The following fees and charges apply to this account:
       Withdrawal  Fee: A S5.00 withdrawal fee will be imposed for each withdrawal prior to the Christmas Club check disbursement date.

12 MONTH IRA CERTIFICATES OF DEPOSIT

Compounding  frequency  - lnterest will be compounded quarterly,
Crediting  frequency  - lnterest will be credited into this account quarterly.
Effect of closing an account  - lf you close your account before interest is paid, you will not receive the accrued interest.
Early withdrawal penalties  (a penalty may be imposed  for withdrawals  before maturity)  - The penalty will equal one months interest on the amount withdrawn subject to penalty.  ln certain circumstances,  such as the death or incompetence of an account owner, the law permits, or in some cases requires,  the waiver of the early withdrawal penalty. Other exceptions may also apply, for example,  if this is part of an IRA or other tax-deferred savings plan.
Withdrawal  of interest prior to maturity - The annual percentage yield  is based on an assumption  that  interest will remain in the account until maturity. A withdrawal will reduce earnings.
Automatically renewable account  - Your account will automatically renew at maturity. Each  renewal term will be the same as the original term, beginning on the maturity date. Unless we tell you otherwise in writing, the interest rate will be the same we offer on new certificate of deposit accounts on the maturity date which have the same term, minimum balance (if any) and other  features as the renewed certificate of deposit account. You will have a grace period of ten calendar day(s) after maturity to withdraw the funds without being charged an early withdrawal
penalty. You may prevent renewal if you withdraw the funds in the account at maturity (or within the grace period, if any).
Final maturity  - lf your account is not renewed,  the funds in the account will be paid directly  to you.
Daily balance computation method - lnterest  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 - lnterest 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 obtain the disclosed annual percentage yield  - You must maintain a minimum  daily balance of $500.00  in your account each day to obtain the disclosed annual percentage yield.
Deposit limitations  - After the account is opened, you may not make any deposits.
Withdrawal limitations - You may make withdrawals of principal from your account before maturity only if we agree at the time you request the withdrawal.  Principal withdrawn before maturity is included in the amount subject to early withdrawal penalty. You can only withdraw interest  credited in the term before maturity of that term without penalty. You can withdraw interest anytime during the term after it is credited to your account.

CERTIFICATES OF DEPOSIT

$500.00 minimum to open account
Variety of terms from 3 months to 30 months
Interest is compounded quarterly
Interest can be paid monthly, quarterly, semi-annually or annually
Interest can be automatically  transferred to a checking  account or savings account
Penalty for early withdrawal

  • One month's interest for terms 12 months and less
  • Three month's interest for terms over 12 months
JUMBO CERTIFICATES OF DEPOSIT

$100,000.00 minimum to open account
12 month and 30 month terms
Interest  is compounded quarterly
Interest can be paid monthly, quarterly, semi-annually, or annually
lnterest can be automatically transferred to a checking account or savings account
Penalty for early withdrawal

  • One month's interest for term of 12 months
  • Three month's interest for term of 30 months
 

 

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