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.