This disclosure contains the rules which govern your deposit account. Unless it would be inconsistent to do so, words and phrases used in this disclosure should be construed so that the singular includes the plural and the plural includes the singular.

We reserve the right to at any time require not less than 7 days notice in writing before any withdrawal from an interest bearing account.

Variable Rate

The current interest rate and annual percentage yield for this product are located on the Current Rates schedule. Your interest rate and annual percentage yield may change.

The interest rate and annual percentage yield for this product depend upon the applicable rate tier. The interest rate and annual percentage yield for these tiers may change.

Determination of Rate
At our discretion, we may change the interest rate on your account.

Frequency of Rate Change
We may change the interest rate on your account daily.

Minimum Balance Requirements

You must deposit at least $1,000.00 to open this account.

Service Charges
A service charge of $10.00 will be imposed every month if the account falls below $1,000.00 any day of the month. The period we use is month.

You must maintain a minimum balance of $1.00 in the account each day to obtain the disclosed annual percentage yield. The period we use is month.

Compounding and Crediting

Interest will be compounded daily. Interest will be credited monthly. If you close your account before interest is credited, you will receive the accrued interest.

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. The period we use is month.

Accrual of Interest on Non-cash Deposits

Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks).

Transaction Limitations

You may only make 6 transfers from your account each calendar month – 3 by checks to third parties and you will be charged $10.00 for each withdrawal in excess of these limits.

Transactions for this account are restricted by Federal Regulations.

Revised 07/20/2005 Truth in Savings – Business Savings

Truth in Savings
Business Savings

Revised 04/14/2006 Truth in Savings – Business Savings