Truth in Savings

This disclosure contains the rules which govern your deposit account. Unless it would 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.

At any time, we reserve the right to require not less than seven days’ notice in writing before any withdrawal from an interest-bearing account.

Basic Checking Account

This is not an interest-bearing account. There is no minimum deposit required to open an account. Your account will be free with no monthly service charge or per check fee. There is no minimum daily balance requirement.

Interest Checking Account

This is an interest-bearing account. The minimum deposit to open an account is $500.00. The interest rate and annual percentage yield may change daily at the Bank's discretion. We use the daily balance method to compute interest on this account. This method applies a daily periodic rate to the principal in the account each day.

Interest is compounded daily and credited every monthly statement cycle. Your account will be charged a monthly maintenance service charge of $5.00 for the period if your average daily balance is less than $500.00 for the monthly statement cycle. 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. You must maintain a daily balance of $500.00 to obtain the disclosed annual percentage yield. Interest begins to accrue on non-cash items (for example; checks) on the business day of deposit.

Statement Savings Account

This is an interest-bearing account. There is no minimum deposit to open an account. The interest rate and annual percentage yield may change daily at the bank’s discretion. We use the daily balance method to compute interest on this account. This method applies a daily periodic rate to the principal in the account each day.

Interest is compounded daily and credited every monthly statement cycle. You must maintain a daily balance of $20.00 to obtain the disclosed annual percentage yield. Interest begins to accrue on non-cash items (for example, checks) on the business day of deposit.

Money Market Account

This is an interest-bearing account. The minimum deposit to open an account is $1,000.00. The interest rate and annual percentage yield may change daily at the Bank’s discretion. We use the daily balance method to compute interest on this account. This method applies a daily periodic rate to the principal in the account each day.

Interest is compounded daily and credited every monthly statement cycle. Your account will be charged a monthly maintenance service charge of $5.00 for the period if your average daily balance is less than $1,000.00 for the monthly statement cycle. 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. You must maintain a daily balance of $1,000.00 to obtain the disclosed annual percentage yield. If the daily balance falls below $1,000.00, the account will earn the annual percentage yield we offer on Statement Savings Accounts. Interest begins to accrue on non-cash items (for example, checks) on the business day of deposit.

Christmas Club Accounts

This is an interest-bearing account. There is no minimum deposit to open an account. You must maintain a daily balance of $20.00 to obtain the disclosed annual percentage yield. The interest rate and annual percentage yield may change annually at our discretion. Interest will be compounded daily and credited at the end of the club year. If the account is closed prior to the end of the club year, all accrued interest will be forfeited and a service charge fee of $5.00 will be imposed. We use the daily balance method to compute interest on this account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue on non­cash items (for example, checks) on the business day of deposit.

Certificate of Deposit

This is a time savings account designed to achieve higher earnings. You have a choice of various terms and maturity dates. The minimum balance to open an account is $500.00. We use the daily balance method to compute interest on this account. This method applies a daily percentage rate to the balance in the account each day. To determine the daily percentage rate, we divide the interest rate by the actual number of days in the year. The interest rate and annual percentage yield will not change and will be in effect until the account matures. Interest will be compounded every day. Interest will be credited monthly or paid at maturity, depending on the product you've selected. Interest begins to accrue on non-cash items (for example, checks) on the business day of deposit. Your account will mature in the length of time selected at account opening. You may not make any deposits into your account before maturity. We reserve the right to refuse or allow a withdrawal of principal prior to maturity. You may make withdrawals of interest before maturity without penalty only on the crediting dates. The annual percentage yield assumes interest will be on deposit until maturity. A withdrawal of interest may reduce earnings. Withdrawals may be subject to a penalty:

• If your account has an original maturity of 12 Months or less, the fee we may impose will equal 90 days of interest on the amount withdrawn subject to penalty; or

• If your account has an original maturity of 13 Months or more, the fee we may impose will equal 180 days of interest on the amount withdrawn subject to penalty.

In certain circumstances such as the death of an owner of this account, the law permits, or in some cases requires, the waiver of the early withdrawal penalty. Withdrawals may also be subject to a penalty under Federal law regarding IRA accounts. You may choose to automatically renew this account. If you automatically renew this account, each 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 and other features as the original time deposit. You may prevent renewal if you withdraw or transfer the funds at maturity or we receive written notice from you within 10 calendar days after maturity. We can prevent renewal if we mail notice to you at least 30 calendar days before maturity. If either we or you prevent renewal, interest will not accrue after maturity. You will have 10 calendar days after maturity to withdraw the funds without a penalty. IRA withdrawals may be subject to a penalty under Federal law.

Automatic Renewal: Unless the Bank has otherwise advised you in writing, Your Account will be automatically renewed. The annual percentage yield, maturity rate and other information regarding your account are reflected in the renewal notice you receive. Rate information can also be viewed online at http://www.newtripolibank.net/rates/. You may also call 1-888-298-8821 for current rate information.

Account Inactivity

An account is considered dormant if for 1 year there have been no transactions to the account. Account Inactivity fee is $5.00 per month if the balance is $100.00 or less.

Other Charges in Connection with an Account

Extraordinary Charges (include, but are not limited to)