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Passbook Savings 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 day. 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 no later than the business day we receive credit for the deposit of 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 transfer are limited to six per statement cycle with no transfers by check, draft, debit card, or similar order to third parties.

Fees - An excessive withdrawal fee of $1.00 will be charged for each withdrawal in excess of six during a three month period or statement cycle.

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