Savings Accounts Disclosures

CITIZENS CLASSIC SAVINGS ACCOUNT

Rate Information – At our discretion, we may change the interest rates for this account.

Compounding frequency – Interest will be compounded monthly.

Crediting frequency - Interest will be credited into this account monthly.

Daily balance computation method – Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.

Accrual of interest on noncash deposits- Interest will begin to accrue on the business day you deposit noncash items (for example, checks) into your account.

Minimum balance to open – The minimum balance required to open this account is $100.00.

Minimum balance to avoid a fee – If your balance falls below $100.00 on any day in the month, your account will be subject to a $1.00 Low balance Fee for that month.  Fees could reduce earnings.

Deposit limitations – You may make any number of deposits into your account.

Limitations on frequency of transfers- A per item fee of $2.00 will be charged for each debit transaction (withdrawal, automatic transfer or payment out of the account in excess of one withdrawal during the statement cycle.   Additionally, per Regulation D of the Federal Reserve Code, your account transactions are limited to six preauthorized debits per month. Repeated violations of Regulation D may result in your account being transferred to another product better suited to serve your needs.

Additional Terms- Fees could reduce earnings.


CHRISTMAS CLUB ACCOUNT

Compounding frequency – Interest will be compounded monthly.

Crediting frequency - Interest will be credited into this account November 15th of each year.

Daily balance computation method – Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.

Accrual of interest on noncash deposits - Interest will begin to accrue on the business day you deposit noncash items (for example, checks) into your account.

Minimum balance to open – The minimum balance required to open this account is $50.00.

Deposits limitations – You may make an unlimited number of deposits into your account.

Fees and Charges – The following fees and charges apply to this account:

  • EARLY WITHDRAWAL FEE: $10.00 per.
  • Fees could reduce earnings.

Additional Terms – The following additional terms apply to this account: NO WITHDRAWAL ARE PERMITTED ON THIS ACCOUNT.