DISCLOSURE OF ACCOUNT TERMS

SAVINGS 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 begins to accrue on non cash deposits on the second day following the date of your deposit.
Interest is compounded and credited to the STATEMENT SAVINGS ACCOUNT and the MONEY MARKET ACCOUNT monthly by the last day of the month.  Interest is compounded and credited to the PASSBOOK SAVINGS and the PREFERRED SAVINGS ACCOUNTS quarterly by the last day of the quarter.  Simple interest is earned on CHRISTMAS CLUB ACCOUNTS and credited in mid October, when checks are issued.

MINIMUM BALANCE REQUIREMENT

________PASSBOOK SAVINGS – You must deposit $50.00 to open this account.  You will earn interest
              for the number of days your balance is $50.00 or more at the rate specified on the current rate
              schedule within that particular rate/balance tier.
 
________STATEMENT SAVINGS – You must deposit $50.00 to open this account.  You will earn
              interest for the number of days your balance is $50.00 or more at the rate specified on the current
              rate schedule within that particular rate/balance tier.
 
________MONEY MARKET – (Existing accounts only) You must maintain $1,000 to earn highest rate.
              Daily interest is earned on balances greater than $50.  Refer to current rate schedule                      
 
________PREFERRED SAVINGS – You must deposit $1000.00 to open this account.  You will earn
              interest for the number of days your balance is $2500.00 or more at the rate specified on the
              current rate schedule within that particular rate/balance tier.
 
________INTEREST PLUS SAVINGS - You must deposit $1000.00 to open this account.  You will earn            
              interest for the number of days your balance is $2500.00 or more at the rate specified on the
              current rate schedule within the particular rate/balance tier.
 
________CHRISTMAS CLUB – You must deposit a minimum of $1.00 to open this account.

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 may be made as long as those funds are available to be withdrawn.

FEES

________PASSBOOK SAVINGS – If the balance falls below $50.00 anytime within the quarter, a $5.00
              quarterly service charge will be charged.
 
________STATEMENT SAVINGS - If the balance falls below $50.00 anytime within the month, a $3.00
              monthly service charge will be charged.
 
________PREFERRED SAVINGS – If the balance fall below $2500.00 anytime within the quarter, a
              $10.00 quarterly service charge will be charged.
 
________INTEREST PLUS SAVINGS  - If the balance falls below $2500.00 anytime within the month, a
              $10.00 monthly service charge will be charged.

Other Service Charges: Deposit Item Returned 20.00 Debit Item Returned NSF $27.00
Closeout service charge: $30.00 (on accounts closed within 90 days of opening) See FEE SCHEDULE