DISCLOSURE OF ACCOUNT TERMS

CHECKING ACCOUNTS

RATE INFORMATION

Refer to the current rate schedule for your Interest Rate and Annual Percentage Yield information. Your Interest Rate and Annual Percentage Yield may change without notice at our discretion. Interest on non cash deposits begin to accrue on the second day following the day of your deposit. Interest will be compounded and credited to your account monthly on the last day of the month.

MINIMUM BALANCE REQUIREMENT

__________PERSONAL CHECKING – $100 to open unless approved by management.
__________PREFERRED CHECKING – You must deposit $1,000 to open this account. Interest is earned at the rate specified on the current rate schedule for the number of days in that particular rate/balance tier.

BALANCE COMPUTATION METHOD

We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.

TRANSACTION LIMITATIONS

After the account is opened, you may make deposits into the account at any time. Withdrawals by cash or by check may be made as long as those funds are available to be withdrawn.

FEES

_________PREFERRED CHECKING – If the balance falls below $1,000 anytime within the monthly statement cycle, a $10.00 monthly charge for servicing the account will be assessed.

No charge for automatic sweep/transfer from another account to cover NSF. Sign-up required

There is a close out service charge of $30.00 on accounts closed within 90 days of opening.
Other service charges:
Checks returned NSF $27.00
Stop Payment Order $25.00
Deposit Item Returned $20.00
Electronic Debit Item Returned NSF $27.00

See FEE SCHEDULE