Savings Accounts
HiFi Savings
 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 rates – 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 $2,500.00 to open this account.
 Average daily balance computation method – We use the average daily balance method to calculate the interest on your account. This method applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is the monthly statement cycle.
 Accrual of interest on noncash deposits – Interest begins to accrue no later than when we receive credit for noncash items (for example, checks).
Transaction Limitations:
Transfers from a HiFi Savings account to another account or to third parties by preauthorized, automatic, or telephone transfer are limited to six per month with no transfers by check, draft, or similar order to third parties.
Fees:
A per debit fee of $2.00 will be charged for each debit transation in excess of six during a statement cycle.
Statement Savings 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 rates – At our discretion, we may change the interest rate on your account.
 Compounding and crediting frequencey – Interest will be compounded quarterly. Interest will be credited to your account quarterly.
 Effect of closing an account – If you close your account before interest is credited, you will not receive the accrued interest.
 Average daily balance computation method – We use the average daily balance method to calculate the interest on your account. This method applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is the quarterly statement cycle.
 Accrual of interest on noncash deposits – Interest begins to accrue no later than when we receive credit for noncash items (for example, checks).
Transaction Limitations:
Transfers from Statement Savings account to another account or to third parties by preauthorized, automatic, or telephone transfer are limited to six per month with no transfers by check, draft, or similar order to third parties.
Fees:
A per debit fee of $2.00 will be charged for each debit transation in excess of six during a statement cycle.
IRA Savings 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 rates – At our discretion, we may change the interest rate on your account.
 Compounding and crediting frequency – Interest will be compounded quarterly. Interest will be credited to your account quarterly.
 Effect of closing an account – If you close your account before interest is credited, you will not receive the accrued interest.
 Average daily balance computation method – We use the average daily balance method to calculate the interst on your account. This method applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the principal in the account for ach day of the period and dividing that figure by the number of days in the period. The period we use is the quarterly statement cycle.
 Accrual of interest on noncash deposits – Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).
Fees: $25.00 Transfer Fee
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 at any time.
 Determination of rates – At our discretion, we may change the interest rate on your account.
 Compounding and crediting frequency – Interest will be compounded quarterly. Interest will be credited to your account quarterly.
 Effect of closing an account – If you close your account before interest is credited, you will not receive the accrued interest.
 Average daily balance computation method – We use the average daily balance method to calculate the interst on your account. This method applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the principal in the account for ach day of the period and dividing that figure by the number of days in the period. The period we use is the quarterly statement cycle.
 Accrual of interest on noncash deposits – Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).
 Minimum balance to open the account – You must deposit $50.00 to open this account.
 Minimum average daily balance – A service charge fee of $3.00 will be imposed every statement cycle if the average daily balance falls below $500.00 for the statement cycle.
 Fee – A one time setup fee of $20.00.
We reserve the right to at any time require not less than 7 days notice in writing before each withdrawal from an interestbearing account other than a time deposit, or from any other savings account as defined by Regulation D.
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