PASSBOOK SAVINGS/IRA PASSBOOK SAVINGS

Keep all your account transactions in one convenient document. This account can also be used as an Individual Retirement Account. If used for IRA, withdrawal limitations may apply.

Rate Information: This account is an interest bearing account. The interest rate and annual percentage yield are included in the Interest Rate Chart. The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account daily. Interest begins to accrue on the business day you deposit noncash items (for example, checks), if received by 3:00 p.m. Interest will be compounded semi-annually. Interest will be credited to the account semi-annually.

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

Limitations: You must deposit $10.00 to open this account. We do not permit preauthorized or automatic transfers from this account. Transfers and withdrawals made in person, by messenger, or by mail are unlimited.