Truth-in-Savings Disclosure
This disclosure contains important information about your Deposit Account.
Rates
effective as of
q FREE CHECKING ACCOUNT
Minimum balance requirements: You must deposit $100.00 to open this account.
Statements: Monthly account statements are provided for this account.
Fees: See Fee Schedule.
Account features: You will be reimbursed for up to four ATM transaction surcharges imposed by another financial institution in an amount not to exceed $1.50 each ($6.00 maximum) per statement cycle.
q SOLAR CHARGED CHECKING ACCOUNT
(For customers 18-24 years of age)
Minimum balance to open the account: You must deposit $100.00 to open this account.
Statements: Monthly account statements are provided for this account.
Fees: See Fee Schedule.
Account features: You will be reimbursed for up to six ATM transaction surcharges imposed by another financial institution in an amount not to exceed $1.50 each ($9.00 maximum) per statement cycle
q BASIC INTEREST CHECKING ACCOUNT
Rate Information
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Tier 1 - If your daily balance is $2,000.00 or more, the interest rate paid on the entire balance in your account will be 0.995% with an annual percentage yield of 1%. |
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Tier 2 - If your daily balance is more than $499.99, but less than $2,000.00, the interest rate paid on the entire balance in your account will be 0.995% with an annual percentage yield of 1%. |
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Tier 3- If your daily balance is more than $0.00, but less than $500.00, the interest rate paid on the entire balance in your account will be 0.15% with an annual percentage yield of 0.15%. |
Compounding and crediting: Interest will be compounded monthly and credited to your account monthly.
Effect of closing an account: If you close your account before interest is credited, you will not receive the accrued interest.
Minimum balance requirements: You must deposit $500.00 to open this account. You must maintain a minimum balance of $500.00 in the account each day to obtain the disclosed annual percentage yield.
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 on the business day you deposit noncash items (for example, checks).
Statements: Monthly account statements are provided for this account.
Fees: A service fee of $4.50 will be charged every statement cycle. This fee will be waived with any one of the following:
A recurring monthly direct deposit
A daily minimum balance of $500.00 or more
For other fees, See Fee Schedule.
Account features: You will be reimbursed for five ATM transaction surcharges imposed by another financial institution in an amount not to exceed $1.50 each ($7.50 maximum) per statement cycle.
q PREFERRED INTEREST CHECKING ACCOUNT
Rate Information:
| Tier 1 - If your daily balance is $5,000.00 or more, the interest rate paid on the entire balance in your account will be 0.75% with an annual percentage yield of 0.75%. |
| Tier 2 - If your daily balance is more than $2,499.99, but less than $5,000.00, the interest rate paid on the entire balance in your account will be 0.75% with an annual percentage yield of 0.75%. |
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Tier 3- If your daily balance is more than $0.00, but less than $2,500.00, the interest rate paid on the entire balance in your account will be 0.15% with an annual percentage yield of 0.15%. |
Compounding and crediting: Interest will be compounded monthly and credited to your account monthly.
Effect of closing an account: If you close your account before interest is credited, you will not receive the accrued interest.
Minimum balance requirements: You must deposit $2,500.00 to open this account. You must maintain a minimum balance of $2,500.00 in the account each day to obtain the disclosed annual percentage yield. You must maintain a balance of $2,500 in the account each day of the statement cycle to avoid the imposition of a minimum balance fee.
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 on the business day you deposit noncash items (for example, checks).
Statements: Monthly account statements are provided for this account.
Fees: A minimum balance fee of $7.50 will be imposed every statement cycle if the balance in the account falls below $2,500.00 any day of the cycle.
For other fees, See Fee Schedule.
Account features: You will be reimbursed for five ATM transaction surcharges imposed by another financial institution in an amount not to exceed $1.50 each ($7.50 maximum) per statement cycle.
q GOLDEN CHECKING ACCOUNT
(For customers 50 years of age and older)
Rate Information: The interest rate for your account is 0.747% with an annual percentage yield of 0.75%
Your interest rate and annual percentage yield may change. At our discretion, we may change the interest rate for your account at any time.
Compounding and crediting: Interest will be compounded monthly and credited to your account monthly.
Effect of closing an account: If you close your account before interest is credited, you will not receive the accrued interest.
Minimum balance requirements: You must deposit $500.00 to open this account.
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 on the business day you deposit noncash items (for example, checks).
Statements: Monthly account statements are provided for this account.
Fees: See Fee Schedule.
Account features: You will be reimbursed for six ATM transaction surcharges imposed by another financial institution in an amount not to exceed $1.50 each ($9.00 maximum) per statement cycle.
Account requirements: Direct deposit into this account is required.
q REGULAR MONEY MARKET ACCOUNT
Rate Information: The interest rate for your account is 2.225% with an annual percentage yield of 2.25%
Your interest rate and annual percentage yield may change. At our discretion, we may change the interest rate for your account at any time.
Compounding and crediting: Interest will be compounded daily and credited to your account monthly.
Effect of closing an account: If you close your account before interest is credited, you will not receive the accrued interest.
Minimum balance requirements: You must deposit $1,000.00 to open this account. You must maintain a minimum balance of $1,000.00 in the account each day to obtain the disclosed annual percentage yield. You must maintain a balance of $1,000.00 in the account each day of the statement cycle to avoid the imposition of a minimum balance fee.
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 on the business day you deposit noncash items (for example, checks).
Transaction limitations: Transfers from this Money Market account to another account or to third parties by preauthorized, automatic, telephone, or computer transfer are limited to six per statement cycle with no more than three by check, draft, debit card, or similar order to third parties.
Statements: Monthly account statements are provided for this account.
Fees: A minimum balance fee of $10.00 will be imposed every statement cycle if the balance in the account falls below $1,000.00 any day of the cycle.
An excessive transfer fee of $10.00 will be charged for each transfer in excess of six during a statement cycle.
An ATM fee of $1.00 will be charged for each ATM transaction.
q PREMIUM MONEY MARKET ACCOUNT
Rate Information:
Tier 1 - If your daily balance is $50,000.00 or more, the interest rate paid on the entire balance in your account will be 3.198% with an annual percentage yield of 3.25%.
Tier 2 - If your daily balance is more than $24,999.99, but less than $50,000.00, the interest rate paid on the entire balance in your account will be 2.225% with an annual percentage yield of 2.25%.
Tier 3 - If your daily balance is more than $9,999.99, but less than $25,000.00, the interest rate paid on the entire balance in your account will be 1.98% with an annual percentage yield of 2% .
Tier 4 - If your daily balance is more than $00.00, but less than $10,000.00, the interest rate paid on the entire balance in your account will be 1.242% with an annual percentage yield of 1.25%.
Your interest rate and annual percentage yield may change. At our discretion, we may change the interest rate for your account at any time.
Compounding and crediting: Interest will be compounded daily and credited to your account monthly.
Effect of closing an account: If you close your account before interest is credited, you will not receive the accrued interest.
Minimum balance requirements: You must deposit $10,000.00 to open this account. You must maintain a minimum balance of $10,000.00 in the account each day to obtain the disclosed annual percentage yield. You must maintain a balance of $10,000.00 in the account each day of the statement cycle to avoid the imposition of a minimum balance fee.
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 on the business day you deposit noncash items (for example, checks).
Transaction limitations: Transfers from a Premium Money Market account to another account or to third parties by preauthorized, automatic, telephone, or computer transfer are limited to six per statement cycle with no more than three by check, draft, debit card, or similar order to third parties.
Statements: Monthly account statements are provided for this account.
Fees: A minimum balance fee of $25.00 will be imposed every statement cycle if the balance in the account falls below $10,000.00 any day of the cycle.
An excessive transfer fee of $10.00 will be charged for each transfer in excess of six during a statement cycle.
An ATM fee of $1.00 will be charged for each ATM transaction.
q IRA MONEY MARKET ACCOUNT
Rate Information:
Tier
1 - If your daily balance is $50,000.00 or more, the
interest rate paid on the entire balance in your account will
be 3.20% with an annual percentage yield of 3.25%. |
Tier 2 - If
your daily balance is more than $24,999.99, but less than $50,000.00,
the interest rate paid on the entire balance in your account
will be 2.96%
with an annual percentage yield of 3.00%. |
| Tier 3 - If your daily
balance is more than $9,999.99, but less than $25,000.00, the
interest rate paid on the entire balance in your account will
be 2.71%
with an annual percentage yield of 2.75%.
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| Tier 4 - If your daily balance is more than $4,999.99, but less than $10,000.00, the interest rate paid on the entire balance in your account will be 2.47% with an annual percentage yield of 2.50%. |
Tier 5 - If your daily balance is more than $999.99, but less than $5,000.00, the interest rate paid on the entire balance in your account will be 1.98% with an annual percentage yield of 2.00%. |
| Tier 6 - If your daily balance is less than $1000.00 the interest rate paid on the entire balance in your account will be 0.75% with an annual percentage yield of 0.75%. |
Your interest rate and annual percentage yield may change. At our discretion, we may change the interest rate for your account at any time.
Compounding and crediting: Interest will be compounded daily and credited to your account monthly.
Effect of closing an account: If you close your account before interest is credited, you will not receive the accrued interest.
Minimum balance requirements: You must deposit $1,000.00 to open this account. You must maintain a minimum balance of $1,000.00 in the account each day to obtain the disclosed annual percentage yield. You must maintain a balance of $1,000.00 in the account each day of the statement cycle to avoid the imposition of a minimum balance fee.
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 on the business day you deposit noncash items (for example, checks).
Transaction limitations: Transfers from an IRA Money Market account to another account or to third parties by preauthorized, automatic, telephone, or computer transfer are limited to six per statement cycle with no more than three by check, draft, debit card, or similar order to third parties.
Statements: Monthly account statements are provided for this account.
Fees: A minimum balance fee of $10.00 will be imposed every statement cycle if the balance in the account falls below $1,000.00 any day of the cycle.
An excessive transfer fee of $10.00 will be charged for each transfer in excess of six during a statement cycle.
q EDUCATION IRA MONEY MARKET ACCOUNT
Rate Information:
Tier 1 - If your daily balance is $5,000.00
or more, the interest rate paid
on the entire balance in your account will be 2.47%
with an annual percentage yield of 2.50%.
Tier 2 - If your daily balance is more than
$499.99, but less than $5,000.00, the
interest rate paid on the entire balance in your account will be 1.98%
with an annual percentage yield of 2.00%.
Tier 3 - If your daily balance is less than
$500.00 the interest rate paid
on the entire balance in your account will be 0.75%
with an annual percentage yield of 0.75%.
Compounding and crediting: Interest will be compounded daily and credited to your account monthly.
Effect of closing an account: If you close your account before interest is credited, you will not receive the accrued interest.
Minimum balance requirements: You must deposit $50.00 to open this account. You must maintain a minimum balance of $50.00 in the account each day to obtain the disclosed annual percentage yield.
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 on the business day you deposit noncash items (for example, checks).
Transaction limitations: Transfers from an IRA Money Market account to another account or to third parties by preauthorized, automatic, telephone, or computer transfer are limited to six per statement cycle with no more than three by check, draft, debit card, or similar order to third parties.
Statements: Monthly account statements are provided for this account.
Fees: See Fee Schedule
q STATEMENT SAVINGS ACCOUNT
Rate Information: The interest rate for your account is 1.49%with an annual percentage yield of 1.5%
Your interest rate and annual percentage yield may change. At our discretion, we may change the interest rate for your account at any time.
Compounding and crediting: Interest will be compounded daily and credited to your account monthly.
Effect of closing an account: If you close your account before interest is credited, you will not receive the accrued interest.
Minimum balance requirements: You must deposit $100.00 to open this account. You must maintain a balance of $100.00 in the account each day of the statement cycle to avoid the imposition of a minimum balance fee.
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 on the business day you deposit noncash items (for example, checks).
Transaction limitations: Transfers from a Statement Savings account to another account or to third parties by preauthorized, automatic, telephone, or computer transfer are limited to six per statement cycle with no transfers by check, draft, debit card, or similar order to third parties.
Statements: Statements for this account are
provided quarterly unless an electronic funds transfer is made to or
from the account, in which case a monthly statement will be provided
showing this activity.
Fees: A minimum balance fee of $7.00 will be imposed every statement cycle if the balance in the account falls below $100.00 any day of the cycle. An excessive transfer fee of $2.50 will be charged for each transfer in excess of six during a statement cycle. An excessive ATM transaction fee of $1.00 will be charged for each ATM transaction in excess of two during a statement cycle. For other fees, See Fee Schedule.
q EARLY BIRD SAVINGS ACCOUNT
Rate Information: The interest rate for your account is 1.00% with an annual percentage yield of 1.00%
Your interest rate and annual percentage yield may change. At our discretion, we may change the interest rate for your account at any time.
Compounding and crediting: Interest will be compounded daily and credited to your account monthly.
Effect of closing an account: If you close your account before interest is credited, you will not receive the accrued interest.
Minimum balance requirements: You must deposit $25.00 to open this account.
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 on the business day you deposit noncash items (for example, checks).
Transaction limitations: Transfers from an Early Bird Savings account to another account or to third parties by preauthorized, automatic, telephone, or computer transfer are limited to six per statement cycle with no transfers by check, draft, debit card, or similar order to third parties.
Statements: Monthly account statements are provided for this account.
Fees: See Fee Schedule.
Account requirements: Custodial ownership is required for this account.
q CERTIFICATE OF DEPOSIT
Rate Information:
| Term |
Interest Rate |
APY |
| 3 Month |
3.211% |
3.25% |
| 6 Month |
3.322% |
3.35% |
| 1 Year |
3.922% |
4% |
| 1.5 Year |
3.97% |
4.05% |
| 2 Year |
4.018% |
4.1% |
| 2.5 Year |
4.018% |
4.1% |
| 3 Year |
4.018% |
4.1% |
| 4 Year |
2.469% |
2.5% |
| 5 Year |
2.469% |
2.5% |
Compounding and Crediting:
If your account has an original term of less than one year, interest will not be compounded and will be credited to your account at maturity.
If your account has an original term of one year or more, interest will be compounded daily and will be credited to your account every quarter.
Minimum balance requirements: You must deposit $1,000.00 to open this account.
You must maintain a minimum balance of $1,000.00 in the account each day to obtain the disclosed annual percentage yield.
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 on the business day you deposit noncash items (for example, checks).
Transaction limitations: You may not make any deposits into your account before maturity.
You can withdraw without penalty only interest credited in the term before maturity of that term. You can withdraw interest any time during the term of crediting after it is credited to your account.
Time requirements: Your account will mature on the date disclosed on your Certificate of Deposit Receipt.
Early withdrawal penalties: Except as otherwise provided in this disclosure, a penalty for early withdrawal will be imposed on any withdrawal of principal from this account prior to the maturity date.
If your account has an original term of less than one year, the early withdrawal penalty shall be an amount equal to ninety (90) days interest, whether earned or not, based on the amount withdrawn at the rate being paid on the account, regardless of the length of time the funds withdrawn have remained in the account.
If your account has an original term of one year or more, the early withdrawal penalty shall be an amount equal to the greater of (i) one hundred eighty (180) days of interest, whether earned or not, based on the amount withdrawn at the rate being paid on the account, regardless of the length of time the funds withdrawn have remained in the account, or (ii) an amount determined by subtracting the Applicable Rate on the original date of deposit, or, if the account has renewed, on the most recent date of renewal, from the Applicable Rate on the date of withdrawal, and then multiplying that difference by the remaining term of the account, expressed as a fraction of years, and by the amount withdrawn. The Applicable Rate is defined as the Treasury Constant Maturities Index Rate for the maturity closest to the original or renewal term, as published in Federal Reserve Statistical release H.15 (519).
To the extent necessary to comply with these requirements, the early withdrawal penalty shall be deducted from the amount withdrawn or the remaining account balance.
Any withdrawal that reduces the account balance below the minimum balance requirement shall be considered a withdrawal of the entire account balance resulting in the closing of the account and shall be subject to the early withdrawal penalty set forth above.
In certain circumstances such as the death or incompetence of an owner of this account, the law permits, or in some cases requires, the waiver of the early withdrawal penalty. See your plan disclosure if the account is part of an IRA or other tax qualified plan.
Withdrawal of interest prior to maturity: The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.
Automatically renewable time account: Your Certificate of Deposit Account will automatically renew at maturity.
You may prevent renewal if you withdraw the funds in the account at maturity or within the grace period defined below, or we receive written notice from you within the grace period defined below. We can prevent renewal if we mail notice to you at least 30 calendar days before maturity. If either you or we prevent renewal, no interest will be paid on the account after final maturity.
Each renewal term will be the same as the original term, beginning on the maturity date. The interest rate will be the same we offer on new time deposits on the maturity date, which have the same term, minimum balance (if any) and other features as the original time deposit.
Grace Period: You will have a grace period of ten (10) calendar days from the date of maturity to withdraw all or a portion of the funds in your account without being charged an early withdrawal penalty.
Upon renewal of your Certificate of Deposit account, earnings in the account shall be deemed merged with the principal.
Fees: See Fee Schedule.