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Savings Accounts

Savings Account

To open a Savings Account, you must deposit $200. A minimum balance fee of $2 will be imposed every statement cycle if the balance falls below $200 any day of the cycle. 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, such as checks. Interest will be compounded and credited to your account quarterly. Transfers from a Savings Account to another account or to third parties by preauthorized, automatic, telephone, or computer transfer are limited to three (3) per quarterly statement cycle. A debit fee of $2 will be charged for each debit in excess of three (3) during a quarterly statement cycle.

Rate Information: Your interest rate and annual percentage yield may change. We may change the interest rate on your account every week, at our discretion.

Money Market Investors' Account

Money Market Investors' Accounts require a $2,500 deposit to open. A minimum balance fee of $10 will be imposed every statement cycle if the balance falls below $2,500 any day of the cycle. 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, such as checks. Interest will be compounded and credited to your account every month.  Transfers from a Money Market Investors' Account to another account or to third parties by preauthorized, automatic, telephone, computer transfer, or by check, draft, or similar order to third parties are limited to six (6) per monthly statement cycle. A debit fee of $10 will be charged for each debit in excess of six (6) during a month.

Rate Information: Your interest rate and annual percentage yield may change. We may change the interest rate on your account every week, at our discretion.

Super Money Market 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.
Effect of closing an account
  -  If you close your account before interest is credited, you will not receive the accrued interest.
Minimum balance to open the account  - 
You  must deposit $10,000.00 to open this account.
Minimum balance to obtain the annual percentage yield disclosed  - 
You must maintain a minimum balance of $100,000 in the account each day to obtain the disclosed annual percentage yield.
Minimum balance to earn interest  - 
You will not earn interest on any day that your daily balance is less than $100,000.00.
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 non-cash deposits -
Interest begins to accrue on the business day you deposit noncash items (for example, checks).
Transaction limitations –
Transfers from a Super Money Market Account to another account or to third parties by preauthorized, automatic, telephone or computer transfer or by check, draft, or similar order to third parties are limited to six per monthly statement cycle.
Fees –
A debit fee of $10 will be charged for each debit in excess of six per monthly statement cycle.

Health Savings Account (HSA)

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 week.
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.
Effect of closing an account - If you close your account before your interest is credited, you will not receive your accrued interest.
Daily balance computation - 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 non-cash deposits – Interest begins to accrue on the business day you deposit noncash items (for example, checks).
Fees - An annual fee of  $25.00 will be charged at the end of the first year and annually thereafter.  An initial set-up fee of $25.00 will be charged at account opening.

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