The terms disclosed below are part of your contract with us and are binding upon both of us in connection with your account. Annual Percentage Yield will hereinafter be referred to as APY.

Common Features:

Minimum Balance Requirements
There is no minimum balance required to open your Statement Savings Account.
To obtain the annual percentage yield you must maintain a minimum balance of $0.01 in the account each day to obtain the disclosed APY.

Rate Information
Your interest rate and APY are variable. The interest rate for your account is 1.74% with an annual percentage yield of 1.75%. Your interest rate and annual percentage yield may change and is accurate as of the date the account is opened. At our discretion, we may change the interest rate on your account at any time.

Interest Compounding and Crediting
Interest on your account will be compounded daily. Interest will be credited to your account every month. If you close your account before the interest is credited, you will receive the accrued interest.

Calculation Method
For the purpose of calculating interest on your account, we use the Daily Balance Method. This method applies a daily periodic rate to the principal in the account each day.

Accrual of Interest on Non-Cash Items
Accrual of interest on Non-cash items (for example, checks) you deposit will begin on the day the deposit is credited to your account.

Transaction Limitations
During any statement cycle you may not make more than six (6) withdrawals or transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction, computer transfer, or by check, draft, debit card or similar order to a third party.

Change in Terms
Any changes in terms that adversely affect your account will be sent to you at least 30 days prior to the change.

Service Fees and Charges
We will deliver a separate schedule setting forth the fees that can be imposed upon your account. Fees may reduce earnings.

Miscellaneous Terms
“Statement Cycle” means the period of time for which the Bank provides a summary of the financial activities and transactions that post and settle to your account.

Additional Terms
This disclosure contains the rules which govern your deposit account. Unless it will be inconsistent to do so, words and phrases used in this disclosure should be construed so that the singular includes the plural and the plural includes the singular.

Information Provided Upon Request
If you are not opening an account when you are provided this information be advised the terms, interest, and APY may change, please ask for current information at account opening. The interest rate and APY shown above are accurate as of the date you receive this disclosure. You may call (201) 599-3000 to obtain current rate information.