Regular Savings
Opening Deposit Amount: $100.00
Minimum Balance Requirements: Must maintain a daily balance of $250.00 to avoid a $3.00 quarterly balance requirement fee
Transaction Limitations: Permitted up to 3 withdrawals and 6 transfers per quarter. If you exceed the 3 allowed withdrawals, there will be a $2.50 service charge per withdrawal for each additional withdrawal paid. If you exceed the 6 allowed transfers, there will be a $2.50 service charge per transfer for each additional transfer. (Current regulatory rules limit telephone transfers, preauthorized transfers, and First Connection transfers to a total of 6)
Unlimited ATM transactions with The Connection ATM Card, unlimited ATM transactions with the Check Connection Card and accessible through First Connection.
Statement Cycle: Quarterly
First Time Savings Account - 17 years of age or younger
Opening Deposit Amount: $50.00
Minimum Balance Requirements: No minimum quarterly balance requirement
Transaction Limitations: Permitted up to 3 withdrawals and 6 transfers per quarter. If you exceed the 3 allowed withdrawals, there will be a $2.50 service charge per withdrawal for each additional withdrawal paid. If you exceed the 6 allowed transfers, there will be a $2.50 service charge per transfer for each additional transfer. (Current regulatory rules limit telephone transfers, preauthorized transfers, and First Connection transfers to a total of 6)
Unlimited ATM transactions with The Connection ATM Card, unlimited ATM transactions with The Check Connection card and accessible through First Connection.
Statement Cycle: Quarterly
Christmas Club
Opening Deposit Amount: $5.00
Early Withdrawal Penalties: If the account is closed before the end of the club year and after the 30-day grace period, all accrued interest shall be forfeited and a $10.00 service charge will be imposed. In the event an account owner dies or is declared incompetent, the penalty will be waived
Renewal Policy: This account will automatically renew unless you specify your intent to do otherwise during the 30-day grace period
Additions To The Account: Automatic transfers weekly from a checking account with a minimum transfer of $5.00
CERTIFICATE OF DEPOSITS
Fixed interest rate determined by management based on current market conditions and in effect until the maturity date of your certificate. Variable interest rate determined by management based on current market conditions
MINIMUM OPENING BALANCES
| TERM | AMOUNT |
| 7 days to less than 3 months | $10,000.00 |
| 3 months to less than 1 year | $2,500.00 |
| 1 year or more | $500.00 |
- Interest is calculated on the daily balance
- Frequency of compounding is determined by the investment amount. Certificates with maturities longer than one year must have interest compounded or paid at least annually. Other interest payment options are available
- After the account is opened, additional deposits may be made to our "NEST EGG" certificate with a minimum deposit amount of $25.00. Additional deposits may not be made to any other type certificate
- After the account is opened, you may not make withdrawals from any type certificate until the maturity date unless otherwise stated in your account agreement. The annual percentage yield assumes interest remains on deposit until maturity. A withdrawal will reduce earnings
- If any of the deposit is withdrawn before the maturity date, a penalty in the amount equal to the following will be imposed:
TERM EARLY WITHDRAWAL PENALTY 7-31 days All interest earned since the original or any renewal maturity date 32 days to 1 year 90 days interest on amount withdrawn More than 1 year 180 days interest on amount withdrawn - This account will automatically renew at maturity. You can withdraw your funds without being charged a penalty during the three (3) day grace period after the original or any renewal maturity date for investments of 7 to 31 days, or the ten (10) day grace period after the original or any renewal maturity date for investments of 32 days or more
Repurchase Agreement - Investments
Repurchase Agreements - are not deposits or savings accounts of the Bank. It is an investment tool that allows a customer (individuals or business) to invest funds in excess of $100,000.00 in an interest bearing account secured by government securities (not FDIC Insured). Minimum investment balance for Repurchase Agreements is $100,000.00
For detailed product information and current interest rates, please contact a Customer Service Representative by calling (800) 321-3176, (731) 285-4410 or (901) 837-3385
