PASSBOOK SAVINGS ACCOUNT

• Your interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on your account on the first day of every quarter.

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

• The interest rate on your account will be paid through the last day of the quarter.

• Interest will be compounded quarterly and credited to your account on the last business day of each quarter. If you close your account before interest is credited, you will not receive the accrued interest.

• We use the average daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day.

• $15 minimum to open.

• No minimum balance.

• One free withdrawal per month. Each subsequent withdrawal is $2.00 each withdrawal.

• Quarterly statements.

• Free On-line Banking.

• Free Bill Payment. *

• Free Debit Card access. *

• Free Telephone Banking.

• Youth Savings Accounts are available to persons under the age of 18 or held for persons under the age of 18 by an adult. Proof of date of birth required. Withdrawal fee is waived with Youth Savings Accounts.

*Available only in connection with a checking account.