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Christmas Club Disclosure and Fee Schedule

Rate Information: This is an interest-bearing account. Please review our current rate schedule for interest rates and annual percentage yields.

Frequency of Rate Changes: The interest rate and annual percentage yield may change annually at the bank's discretion.

Compounding and Crediting of Interest: Interest is compounded daily and credited at the end of the club year.

Minimum Balance Requirements: There is no minimum deposit required to open an account. You must maintain a daily balance of $20.00 to obtain the disclosed annual percentage yield.

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

Accrual of Interest on Deposits: Interest begins to accrue on non-cash items (for example, checks) on the business day of deposit.

Withdrawal Limitations: If the account is closed prior to the end of the club year, all accrued interest will be forfeited.

Fees: A service charge of $5.00 will be imposed if the account is closed prior to the end of the club year.