Bear Club Savings Disclosures

Statements

Bear Club Savings accounts receive a quarterly statement by e-mail. Statements will be available online through the customer’s eBanking account. The customer has the responsibility to inform us of changes in e-mail address. If we are unable to contact the customer through alternate methods after receiving an undeliverable e-mail message, the account will revert to a Youth Savings account, and a paper statement will be sent to the mailing address on file.

Interest Calculation and Crediting

Annual Percentage Yields (APY) and corresponding interest rates quoted here are accurate as of April 2, 2013. If the account requirements noted below are met, an APY of 2.00% with a corresponding interest rate of 1.98% will be paid on balances from $0-$5,000. The portion of balances from $5,000.01-$10,000 will earn an APY of 1.00% with a corresponding interest rate of 1.00%. The portion of the balance above $10,000 will earn an APY of 0.20% and interest rate of 0.20%. For example, the effective APY on $15,000 would be 1.07%. The interest rate and APY on this account may change at any time at the bank’s discretion. Interest is calculated using the daily balance method which applies a daily periodic rate to the principal in the account each day. Interest begins to accrue on the collected balance which includes funds for which we have received credit - no later than the business day we receive credit for the deposit of your non-cash items (i.e. checks). Interest is paid, compounded, and credited monthly. If you choose to close your account, any interest accrued but not yet paid is forfeited.

Minimum Balance Information

There is a $20 minimum deposit to open a Bear Club Savings account. Interest is paid, compounded and credited monthly. If at anytime the account daily balance drops below $20, the $3.35 fee will be deducted from the balance. There is a $1.00 charge per debit for each withdrawal in excess of three per month. The Bear Club Savings account is a special account that can be opened for children that are age 17 and below. This account changes to a Regular Savings account on the owner’s 18th birthday.

Requirements to Earn Stated APY

In order to earn the stated APY in this account, the following requirements must be met. (1) A valid e-mail address must be provided within 30 days of opening the account in order to receive statements electronically. (2) Customer must sign up for eBanking within 30 days of opening the account. If these requirements are not met, the account will revert to a Youth Savings account.

Closing the Account

If you close your interest-bearing account, any interest accrued, but not yet paid, is forfeited.

Fees and Charges

See "Personal Account Service Charge Schedule" for a complete listing.