Passbook Savings Account

Your interest rate and annual percentage yield may change.

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

We may change the interest rate on your account at any time.

There are no maximum or minimum interest rate limits for this account.

Interest will be compounded semi-annually (June 30 & Dec. 31) and will be credited to your account semi-annually (June 30 & Dec.31).

Interest may be forfeited if the amount of interest to be paid is less than $1.00 at the time the account is closed.

This account requires $100 to open. You must maintain a minimum daily balance of $100 in the account each day to obtain the disclosed annual percentage yield. You will earn interest for every day during the period that your account equals or exceeds the minimum daily balance requirement.

A minimum balance fee of $5 will be imposed every month if the average daily balance for the month falls below $50. This minimum balance fee will be imposed as a service charge on the statement. Fees could reduce earnings on the account.

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.

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

During any month, you may not make more than 6 withdrawals or transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer, telephone order or instruction, computer transfer, or by check, draft, debit card, or similar order to a third party. There is a debit fee of $0.50 per debit in excess of 6 per month. This debit fee will be imposed as a service charge on the account.

You will receive an annual statement. If you receive monthly electronic fund transfers, you will receive a monthly statement.

*Variable Rate-Rates May Change After Account Is Opened