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Traditional Savings Disclosure

RATE INFORMATION. The interest rate on your account is 0.050% with an annual percentage yield of 0.05%. 
Your interest rate and annual percentage yield may change. 
Determination of Rate. At our discretion, we may change the interest rate on your account. 
Frequency of Rate Changes. We may change the interest rate on your account at any time. 
Limitations on Rate Changes. There are no maximum or minimum interest rate limits for this account. 

COMPOUNDING AND CREDITING. Interest will be compounded monthly and will be credited to the account monthly. If you close your account before interest is credited, you will receive the accrued interest. 

MINIMUM BALANCE REQUIREMENTS. You must deposit $100.00 to open this account. A minimum balance fee of $5.00 will be imposed every statement cycle if the daily balance on any day of the statement cycle falls below $100.00. 

DORMANT/INACTIVE ACCOUNT INFORMATION. A dormant account fee of $5.00 per month will be charged after 18 months of inactivity. Dormant account fee will be assessed if balance falls below $100.00. 

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

ACCRUAL ON NON CASH DEPOSITS. Interest begins to accrue on the first business day after the banking day you deposit noncash items (for example, checks). 

ADDITIONAL INFORMATION REGARDING YOUR ACCOUNT. The minimum deposit to open the account is $20 if the account holder is 23 years or younger, or 62 years or older. The minimum balance fee is waived if the account holder is 23 years or younger, or 62 years or older. 

FEES AND CHARGES. Please refer to the separate Fee Schedule provided to you with this disclosure for information about fees and charges associated with this account. A Fee Schedule will be provided to you at the time you open an account, periodically when fees or charges change, and upon request. 

An excess item fee of $5.00 will be charged for each debit transaction in excess of six during the statement cycle. If you exceed the limitations set forth above your account will be subject to reclassification or closure. 

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