Savings

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THIS ACCOUNT OFFERS YOU QUICK ACCESS TO YOUR FUNDS WHILE PAYING YOU INTEREST ON YOUR INVESTMENT.

An annual statement is provided as of the last business day in December. A statement will be provided at month end for any account having electronic fund transfer activity during the month. A monthly and quarterly statement will be provided for any account having electronic fund transfer activity dependent on when the activity occurred.

RATE INFORMATION

This account is an interest bearing account. The interest rate and annual percentage yield are included in the Rate Chart. The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account daily. Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks). Interest will be compounded quarterly and will be credited to the account quarterly. If the account is closed before interest is credited, you will not receive the accrued interest.

BALANCE INFORMATION

We use the daily collected balance to calculate the interest on the account. This method applies a daily periodic rate to the collected principal balance in the account each day. The term “collected” means when we receive credit for items you deposit. You must maintain a minimum balance of $1.00 in the account each day to obtain the disclosed annual percentage yield.

LIMITATIONS

You must deposit $25.00 to open this account. You may make six (6) transfers from your account each four (4) weeks or similar period, if by preauthorized or automatic transfer, or telephone (including data transmission) agreement, order or instruction or by check, draft, debit card or similar order (including POS transactions), made by the depositor and payable to third parties. Transfers and withdrawals made in person, by messenger, by mail or at an ATM are unlimited.

ACCOUNT FEES

The account is free. However, there is a $2.50 monthly service charge if the minimum daily balance falls below $25.00. Service charge applies even in cases of no activity. A per item charge of $ .50 will be assessed for each withdrawal in excess of four per month.

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