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Savings Account Rates

Effective as 1/01/2024
share product dividend rate annual percentage yield minimum balance
Regular Share Account* .25% .25% $5.00
Holiday Club Account** 2.50% 2.50% $5.00
Money Market Account 1.00% 1.00% $2500.00
IRA Accumulating Account .45% .45% $5.00

*Fees could reduce earnings on account. **Maximum total deposit $5000.00 **Maximum monthly deposit $500.00
The rate on the above share account products may change after the account is opened.

Effective as 10/01/2023
Certificates dividend rate annual percentage yield minimum balance
13 Month 3.25% 3.245% $1000.00
18 Month 2.75% 2.731% $1000.00
24 Month 3.25% 3.199% $1000.00
36 Month 3.75% 3.617% $1000.00

A penalty will or may be imposed for early withdrawal.

1. Rate Information- TheAnnual Percentage Yield is a percentagerate that reflects the total amount of dividends to be paid on an account based on the dividend rate and frequency of compounding for an annual period. For all accounts, the DividendRate and Annual Percentage Yield are fixed and will be in effect for the initial term of the account. For accountssubject to dividend compounding, the AnnualPercentage Yield is based on an assumption that dividends will remain on deposit until maturity. A withdrawal of dividends will reduceearnings.

2. Dividend Period- For each account, the dividend period is the account's term. The dividend period begins on the first day of the term and ends on the maturity date.

3. Dividend Compounding and Crediting- The compounding and crediting frequency of dividends are stated in the Rate Schedule.

4. Balance Information- The minimum balance requirements applicable to each account are set forth in the Rate Schedule. To open any account, you must deposit or already have on deposit at least the par value of one full share in any account. The par value amount is stated in the Fee Schedule. some accounts may have additional minimum opening deposit requirements. for share Certificate accounts, dividends are calculated by the daily balance method, which applies a periodic rate to the balance in the account each day.

5. Accrual of Dividends- For share Certificate accounts, dividends will begin to accrue on non cash deposits(e.g.checks) on the business day you make the deposit to your account.

6. Transaction Limitations- For Share Certificate accounts, after your account is opened you may make withdrawals subject to the early withdrawal penalties stated below.

7. Maturity- Your account will mature as stated on this Truth-in-Savings Disclosure or on your account receipt or renewal notice.

Early Withdrawal Penalty- We may impose a penalty if you withdraw from your account before the maturity date.

Amount of Penalty- For Share Certificate accounts, the amount of early withdrawal penalty for your account is 180 days dividend.

How the PenaltyWorks- The penalty is calculated as a forfeiture of part of the dividends that have been or would be earned on the account. It applies whether or not the dividends have been earned. In other words, if the account has not yet earned enough dividends orif the dividend has already been paid, the penalty will be deducted from the principal.

Exceptions to Early Withdrawal Penalties- At our option, we may pay the account before maturity without imposing an early withdrawalpenalty under the following circumstances:

(i) When an account owner dies or is determined legally incompetent by a court or other body of competent jurisdiction.

(ii) Where the account is an Individual Retirement Account (IRA) and any portion is paid within seven(7) days after the establishment; or where the account is a Keogh Plan (Keogh) provided that the depositor forfeits an amount of at least equal to the simple dividends earned in the amount withdrawn; or where the account is an IRA or Keogh and the owner attains age 591/2 or becomes disabled.

Renewal Policy- The renewal policy for your accounts is stated in the Rate Schedule. For Share Certificate accounts, your account will automatically renew for another term upon maturity.

Nontransferable/Nonnegotiable- Your account is nontransferable and nonnegotiable.

Other Service Fees

IRA Transfer................................................$50.00 if transferred to another financial institution.

Share Value

Par Value of One Share...............................$5.00