Terms & Conditions | Truth in Savings Disclosure | Withdrawing Funds

Truth in Savings Disclosure

Free Personalized Checking

Minimum balance to open of $25.00.

No monthly service charge.

Any NSF items will be automatically returned.

Regular Checking Account

Minimum balance to avoid imposition of fees - If your average daily balance falls below $300.00 for the month we will impose a service charge fee of $5.00 once during the statement cycle. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.

Minimum balance to open of $25.00.

Regular Now Checking Account

Rate Information - Your interest rate and annual percentage yield may change. Frequency of rate changes - We may change the interest rate on your account at any time.

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

Compounding and crediting frequency - Interest will be compounded every month. Interest will be credited to your account every month.

Minimum balance to open the account - You must deposit $1,000.00 to open this account.

Minimum balance to avoid imposition of fees - A service charge fee of $5.00 will be imposed every statement cycle if the balance in the account falls below $1,000.00 any day of the cycle.

Minimum balance to obtain the annual percentage yield disclosed You must maintain a minimum balance of $1,000.00 in the account each day to obtain the disclosed annual percentage yield.

Dally 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.

Accrual of interest on noncash deposits - Interest begins to accrue on the business day you deposit noncash items (for example, checks).

Fees:

A per item fee of $.15 will be charged for each debit transaction(withdrawal, check, paid automatic transfer or payment out of this account). This fee will apply if your average daily balance during the statement cycle falls below $1,000.00.

Super Now Checking Account

Rate Information - Your interest rate and annual percentage yield may change. Frequency of rate changes - We may change the interest rate on your account every day.

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

Compounding and crediting frequency - Interest will be compounded every month. Interest will be credited to your account every month.

Minimum balance to open the account - You must deposit $1,000.00 to open this account.

Minimum balance to avoid Imposition of fees - A service charge fee of $5.00 will be imposed every statement cycle if the balance in the account falls below $1,000.00 any day of the cycle.

Minimum balance to obtain the annual percentage yield disclosed You must maintain a minimum balance of $1,000.00 in the account each day to obtain the disclosed annual percentage yield.

Dally 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.

Accrual of Interest on noncash deposits - Interest begins to accrue on the business day you deposit noncash items (for example, checks).

Fees:

A per item fee of $.15 will be charged for each debit transaction (withdrawal, check paid, automatic transfer or payment out of this account) in excess of 15 during a month. This fee will apply if the balance in this account falls below $10,000.00 on any day during the month.

Money Market Fund Account

Rate Information - Your interest rate and annual percentage yield may change. Frequency of rate changes - We may change the interest rate on your account every day.

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

Compounding and crediting frequency - Interest will be compounded every month. Interest will be credited to your account every month.

Minimum balance to open the account - You must deposit $1,000.00 to open this account.

Minimum balance to avoid imposition of fees - A service charge fee of $5.00 will be imposed every statement cycle if the balance in the account falls below $1,000.00 any day of the cycle.

Minimum balance to obtain the annual percentage yield disclosed You must maintain a minimum balance of $1,000.00 in the account each day to obtain the disclosed annual percentage yield.

Daily 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.

Accrual of Interest on noncash deposits - Interest begins to accrue on the business day you deposit noncash items (for example, checks).

Transaction limitations:

Transfers from a Money Market Fund Checking account to another account or to third parties by preauthorized, automatic, telephone or computer transfer are limited to six per statement cycle with no more than three by check, draft, or similar order to third parties. A transaction limitation fee of $10.00 will be charged for each transaction that exceeds the above mentioned limitations.

Passbook Savings Account

Minimum balance to open of $25.00.

Rate Information - Your interest rate and annual percentage yield may change. Frequency of rate changes - We may change the interest rate on your account every day.

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

Compounding and crediting frequency - Interest will be compounded every quarter. Interest will be credited to your account every quarter.

Daily 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.

Accrual of Interest on noncash deposits - Interest begins to accrue on the business day you deposit noncash items (for example, checks).

Transaction limitations:

Transfers from a Passbook Savings account to another account or to third parties by preauthorized, automatic, or telephone or computer transfer are limited to six per month with no more than three by check, draft, or similar order to third parties. A transaction limitation fee of $10.00 will be charged for each transaction that exceeds the above mentioned limitations.

Fees:

A per item service charge fee of $1.00 will be charged for each withdrawal in excess of three during a calendar month.

This fee will not apply to account holders under the age of 18.

A $2.00 fee per month will be charged if the balance falls below $100.00 any day of the month.

Christmas Club Account

Rate Information - Your interest rate and annual percentage yield may change. Frequency of rate changes - We may change the interest rate on your account every day.

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

Compounding and crediting frequency - Interest will not be compounded. Interest will be credited to your account on the payout date.

Effect of closing an account - If you close your account before interest is credited, you will not receive the accrued interest and a fee of $25.00 will be imposed.

Minimum balance to open the account - You must deposit $25.00 to open this account.

Minimum balance to obtain the annual percentage yield disclosed You must maintain a minimum balance of $1.00 in the account each day to obtain the disclosed annual percentage yield.

Daily balance computation method - We use the daily balance method to calculate the interest on your account.

Accrual of Interest on noncash deposits - Interest begins to accrue on the business day you deposit noncash items (for example, checks).

Transaction limitations:

You may not make any transfers from this account to another account of yours or to third parties by preauthorized, automatic, or telephone transfer or similar order to third parties.

If any withdrawal is made from this account before the payout date then this account may be closed.

Vacation Club Account

Rate Information - Your interest rate and annual percentage yield may change. Frequency of rate changes - We may change the interest rate on your account every day.

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

Compounding and crediting frequency - Interest will not be compounded. Interest will be credited to your account on the payout date.

Effect of closing an account - If you close your account before interest is credited, you will not receive the accrued interest and a fee of $25.00 will be imposed.

Minimum balance to open the account - You must deposit $25.00 to open this account.

Minimum balance to obtain the annual percentage yield disclosed You must maintain a minimum balance of $1.00 in the account each day to obtain the disclosed annual percentage yield.

Daily 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.

Accrual of interest on noncash deposits - Interest begins to accrue on the business day you deposit noncash items (for example, checks).

Transaction limitations:

You may not make any transfers from this account to another account of yours or to third parties by preauthorized, automatic, or telephone transfer or similar order to third parties.

If any withdrawal is made from this account before the payout date then this account may be closed.

Certificate of Deposit

Compounding frequency - Interest will be compounded every quarter.

Crediting frequency - Interest will be credited to your account every quarter.

Minimum balance to open the account - You must deposit $1,000.00 to open this account.

Minimum balance to obtain the annual percentage yield disclosed You must maintain a minimum balance of $1,000.00 in the account each day to obtain the disclosed annual percentage yield.

Daily 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.

Accrual of Interest on noncash deposits - Interest begins to accrue on the business day you deposit noncash items (for example, checks).

Transaction limitations:

You may not make any deposits into your account before maturity.

You may make withdrawals of principal from your account before maturity only if we agree at the time you request the withdrawal. Principal withdrawn before maturity is included in the amount subject to early withdrawal penalty.

You can only withdraw interest credited in the term before maturity of that term without penalty. You can withdraw interest any time during the term of crediting after it is credited to your account.

Early withdrawal penalties (a penalty may be imposed for withdrawals before maturity) -
  • If your account has an original maturity of one year or less:
The fee we may impose will equal one months interest on the amount withdrawn subject to penalty.
  • If your account has an original maturity of more than one year:
The fee we may impose will equal three months interest on the amount withdrawn subject to penalty.

In certain circumstances such as the death or incompetence of an owner of this account, the law permits, or in some cases requires, the waiver of the early withdrawal penalty. See your plan disclosure if the account is part of an IRA or other tax qualified plan.

Withdrawal of Interest prior to maturity - The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.

Automatically renewable time account - This account will automatically renew at maturity. You may prevent renewal if you withdraw the funds in the account at maturity (or within the grace period mentioned below, if any) or we receive written notice from you within the grace period mentioned below, if any. We can prevent renewal if we mail notice to you at least 30 calendar days before maturity. If either you or we prevent renewal, interest will not accrue after final maturity.

Each renewal term will be the same as the original term, beginning on the maturity date. The interest rate will be the same we offer on new time deposits on the maturity date which have the same term, minimum balance (if any) and other features as the original time deposit.

You will have ten calendar days after maturity to withdraw the funds without a penalty.

Dormant Account Fee

Checking Accounts $5.00
Savings Accounts $5.00

This fee is charged each month until activity resumes.

Wire Transfers

Outgoing Domestic $50.00
Incoming Domestic $25.00

Special Services

Cashing Checks $2.00 per $100.00
Purchase And Sale Of Security $100.00
Drill Safe Deposit Boxes $150.00
Fax Service - To Receive FAX $1.00
Fax Service - To Send FAX (first 3 Pages) $5.00
Each Additional Page $1.00