Truth In Savings Now Account

Minimum balance requirements - You must deposit $1,000.00 to open the account. The minimum balance fee of $5.00 will be imposed if the minimum daily balance falls below $1000.00 and $8.00 will be imposed if the minimum daily balance falls below $500.00 every month that the balance in the account falls below the minimum balance set forth any day of the month. Your must maintain a minimum balance of $1,000.00 in the account each day to obtain the disclosed annual percentage yield.

Rate information - Your interest rate and annual percentage yield may change.

Frequency of rate changes - We may change the interest rate on your account.

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

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

Minimum balance to avoid imposition of fees - A maintenance fee of $5.00 will be imposed every statement cycle if the balance in the account falls below $1000.00 and $8.00 will be imposed every statement cycle if the balance in the account falls below $500.00 any day of the cycle.

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 full amount of principal in the account each day.

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