ACCOUNT TYPE:  Regular Savings

RATE INFORMATION:
Single Variable Rate.  Your interest rate and annual percentage yield may change.  For current rate see rate table.  

• 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.

COMPOUNDING FREQUENCY

Interest will be compounded every 3 months.

CREDITING FREQUENCY

Interest will be credited to your account every 3 months.

EFFECT OF CLOSING AN ACCOUNT 

If you close your account before interest is credited, you will receive the accrued interest.  If you close your account within 365 days of opening, you will be charged a $10 fee. 

MINIMUM BALANCE REQUIREMENTS

To open the account you must deposit $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 OF INTEREST ON NON-CASH DEPOSITS

Interest begins to accrue on the business day you deposit non-cash items (for example, checks).

TRANSACTION LIMITATIONS

Transfers from a savings account to another account or to third parties by preauthorized, automatic, or telephone transfer are limited to 6 per statement cycle with no more than 3 by check, draft, debit card, or similar order to third parties.

EXCESS WITHDRAWAL FEE

A withdrawal fee of $0.50 will be charged for each debit in excess of 6 during a statement cycle.  You may make unlimited transactions at an ATM.