Minimum balance to avoid imposition of monthly service charge - A monthly service charge fee of $10.00 will be imposed every statement cycle if you do not maintain a daily balance of $2,000.00 or a monthly average balance of $5,000.00.
Direct Deposit of $250.00 or more can reduce the monthly service charge fee from $10.00 to $8.00.
Minimum balance to obtain the annual percentage yield disclosed - You must maintain a minimum balance of $2,000.00 in the account each day to obtain the disclosed annual percentage yield.
Rate Information - Your interest rate and annual percentage yield may change.
This account is a tiered rate account. The interest rate and annual percentage yield for your account depends upon the applicable rate tier.
Frequency of rate changes - We may change the interest rate on your account at any time.
Determination of rate - At our discretion, we may change the interest rate on your account.
Compounding and crediting frequency - Interest will not be compounded. Interest will be credited to your account every month.
Effect of closing an account - If you close your account before interest is credited, you will not receive the accrued interest.
Daily balance computation method - We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the collected balance in the account each day.
Accrual of interest on non-cash deposits - Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (form example, checks).
CUTMA SAVINGS ACCOUNT
California Uniform Transfers to Minors Act (For Custodians holding funds solely for the benefit of a Minor as owner of the account. However, only the Custodian has access to the funds.)
Minimum balance to open the account - $25.00.
Service charge - $4.00 monthly.
Minimum balance to avoid imposition of the service charge - You must maintain a minimum daily balance of $300.00. Once the minor reaches 19 years of age, a $4 monthly service charge will be imposed, regardless of daily balance.
Rate Information - Your interest rate and annual percentage yield may change.
Frequency of rate changes - We may change the interest rate on your account at any time.
Determination of rate - At our discretion, we may change the interest rate on your account.
Compounding and crediting frequency - Interest will be compounded every day. Interest will be credited to your account every quarter.
Effect of closing an account - If you close your account before interest is credited, you will not receive the accrued interest.
Daily balance computation method - We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Accrual of interest on non-cash deposits - Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks).
MONEY MARKET ACCOUNT
Minimum balance to open the account - You must deposit $3,500.00 to open this account.
Minimum daily balance to earn interest - $3,500.00 (No interest earned on days the balance falls below $3,500.00).
Minimum balance to avoid imposition of monthly service charge - A service charge fee of $12.00 will be imposed every statement cycle if the balance in the account falls below $3,500.00 on any day of the cycle.
Minimum balance to obtain the annual percentage yield disclosed - You must maintain a minimum balance of $3,500.00 in the account each day to obtain the disclosed annual percentage yield.
Rate Information - Your interest rate and annual percentage yield may change. This account is a tiered rate account. The interest rate and annual percentage yield for your account depends upon the applicable rate tier.
Frequency of rate changes - We may change the interest rate on your account at any time.
Determination of rate - At our discretion, we may change the interest rate on your account.
Compounding and crediting frequency - Interest will not be compounded. Interest will be credited to your account every month.
Effect of closing an account - If you close your account before interest is credited, you will not receive the accrued interest.
Daily balance computation method - We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the collected balance in the account each day.
Accrual of interest on noncash deposits - Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).
PREMIUM MONEY MARKET ACCOUNT
Minimum balance to open the account - You must deposit $10,000.00 to open this account.
Minimum daily balance to earn interest - $10,000.00 (No interest earned on days the balance falls below $10,000.00).
Minimum balance to avoid imposition of monthly service charge - A service charge fee of $17.00 will be imposed every statement cycle if the balance in the account falls below $10,000.00 any day of the cycle.
Minimum balance to obtain the annual percentage yield disclosed - You must maintain a minimum balance of $10,000.00 in the account each day to obtain the disclosed annual percentage yield.
Rate Information - Your interest rate and annual percentage yield may change. This account is a tiered rate account. The interest rate and annual percentage yield for your account depends upon the applicable rate tier.
Frequency of rate changes - We may change the interest rate on your account at any time.
Determination of rate - At our discretion, we may change the interest rate on your account.
Compounding and crediting frequency - Interest will not be compounded.
Interest will be credited to your account every month.
Effect of closing an account - If you close your account before interest is credited, you will not receive the accrued interest.
Daily balance computation method - We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the collected balance in the account each day.
Accrual of interest on noncash deposits - Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).
REGULAR SAVINGS ACCOUNT
Minimum balance to open the account - You must deposit $50.00 to open this account.
Service Charge: $5.00 Monthly Minimum balance to avoid imposition of monthly service charge - A service charge fee of $5.00 will be imposed every month if the balance in the account falls below $300.00 any day of the cycle. New Accounts must meet minimum balance at the end of 90 days or service charge will apply.
Rate Information - Your interest rate and annual percentage yield may change.
Frequency of rate changes - We may change the interest rate on your account at any time.
Determination of rate - At our discretion, we may change the interest rate on your account.
Compounding and crediting frequency - Interest will be compounded every day. Interest will be credited to your account every quarter.
Effect of closing an account - If you close your account before interest is credited, you will not receive the accrued interest.
Daily balance computation method - We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the collected balance in the account each day.
Accrual of interest on noncash deposits - Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).
MINOR SAVINGS ACCOUNT
(For customers under age 19 with a parent or guardian as a joint account holder)
Minimum balance to open the account - You must deposit $25.00 to open this account.
Service Charges - This account will incur a monthly service charge of $4.00
once the account holder reaches 19 years of age.
Rate Information - Your interest rate and annual percentage yield may change. Frequency of rate changes - We may change the interest rate on your account at any time.
Determination of rate - At our discretion, we may change the interest rate on your account.
Compounding and crediting frequency - Interest will be compounded every day. Interest will be credited to your account every quarter.
Effect of closing an account - If you close your account before interest is credited, you will not receive the accrued interest.
Daily balance computation method - We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the collected balance in the account each day.
Accrual of interest on noncash deposits - Interest begins to accrue no later
than the business day we receive credit for the deposit of noncash items (for example, checks).
RATES AND ANNUAL PERCENTAGE YIELDS
For current deposit rates you may contact any of our branches or call 800-298-1775.
TIME CERTIFICATE OF DEPOSIT
Refer to your Certificate of Deposit for complete details.
Rate Information - The interest rate on your account is —————% with an annual percentage yield of —————%. You will be paid this rate until first maturity.
Compounding frequency - Interest will be compounded daily, quarterly, annually, or at maturity.
Crediting frequency - Interest will be credited to your account every quarter or at maturity.
Effect of closing an account - If you close your account before interest is credited, you will not receive the accrued interest.
Minimum balance to open the account - You must deposit □ $2,000.00 □ $100,000.00 to open this account.
Minimum balance to obtain the annual percentage yield disclosed - You must maintain a minimum balance of □ $2,000.00 □ $100,000.00 in the account each day to obtain the disclosed annual percentage yield.
Daily balance computation method - We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Accrual of interest on noncash deposits - Interest begins to accrue on the business day you deposit noncash items (for example, checks).
Transaction limitations:
- You may not make any deposits into your account before maturity.
- You cannot make withdrawals of principal from your account before maturity without our consent. Principal withdrawn before maturity is included in the amount subject to early withdrawal penalty.
- You can only withdraw interest credited in the term before maturity of that term without penalty. You can withdraw interest any time after crediting to the account during the current term.
Time requirements - Your account will mature ————————————————— .
Early withdrawal penalties (a penalty may be imposed for withdrawals before maturity) -
- If your account has an original maturity of 6 months or less:
The fee we may impose will equal 90 days interest on the amount withdrawn subject to penalty.
- If your account has an original maturity of 12 months:
The fee we may impose will equal 180 days interest on the amount withdrawn subject to penalty.
- If your account has an original maturity of 18 months:
The fee we may impose will equal 270 days interest on the amount withdrawn subject to penalty.
- If your account has an original maturity of 24 months:
The fee we may impose will equal 365 days interest on the amount withdrawn subject to penalty.
- If your account has an original maturity of 36 months:
The fee we may impose will equal 545 days interest on the amount withdrawn subject to penalty.
- If your account has an original maturity of 60 months:
The fee we may impose will equal 910 days interest on the amount withdrawn subject to penalty.
In certain circumstances such as the death or incompetence of an owner of this account, the law permits, or in some cases requires, the waiver of the early withdrawal penalty. Other exceptions may also apply, for example, if this is part of an IRA or other tax-deferred savings plan.
Withdrawal of interest prior to maturity - The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.
Automatically renewable time account - This account will automatically renew at maturity. You may prevent renewal if you withdraw the funds in the account at maturity (or within the grace period mentioned below, if any) or we receive written notice from you within the grace period mentioned below, if any. We can prevent renewal if we mail notice to you at least 30 calendar days before maturity. If either you or we prevent renewal, interest will not accrue after final maturity. Each renewal 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 (if any) and other features as the original time deposit.
You will have ten calendar days after maturity to withdraw the funds without a penalty.
IRA SAVINGS ACCOUNT
Refer to your Certificate of Deposit for complete details.
Rate Information - Your interest rate and annual percentage yield may change. The interest rate and annual percentage yield for your account depends upon the applicable rate.
Frequency of rate changes - We may change the interest rate on your account at any time.
Determination of rate - At our discretion, we may change the interest rate on your account.
Compounding and crediting frequency - Interest will be compounded every day. Interest will be credited to your account every quarter.
Effect of closing an account - If you close your account before interest is credited, you will not receive the accrued interest.
Minimum balance to open the account - You must deposit $25.00 to open this account.
Daily balance computation method - We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Accrual of interest on noncash deposits - Interest begins to accrue on the business day you deposit noncash items (for example, checks). This account is subject to an Annual Custodial Maintenance Fee. Please refer to our separate Schedule of Fees.
Tax Deposits and Statements - Deposits made to the account are considered “Current” year unless you notify us at the time the deposit is made. Deposits (Contributions) require the completion of appropriate tax documents. Statements will be mailed to you at year end.
INDIVIDUAL RETIREMENT ACCOUNT
TRADITIONAL IRA (VARIABLE AND FIXED RATE)
ROTH IRA (VARIABLE AND FIXED RATE)
COVERDALE EDUCATION SAVINGS ACCOUNT (VARIABLE AND FIXED RATE)
SIMPLIFIED EMPLOYEE PENSION (SEP) IRA (VARIABLE AND FIXED RATE)
Refer to your Certificate of Deposit for complete details.
HEALTH SAVINGS ACCOUNT
Rate Information - Your interest rate and annual percentage yield may change. This account is a tiered rate account. The interest rate and annual percentage yield for your account depends upon the applicable rate tier.
Frequency of rate changes - We may change the interest rate on your account at any time.
Determination of rate - At our discretion, we may change the interest rate on your account.
Compounding and crediting frequency - Interest will not be compounded. Interest will be credited to your account every month.
Effect of closing an account - If you close your account before interest is credited, you will not receive the accrued interest.
Daily balance computation method - We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the collected balance in the account each day. Accrual of interest on noncash deposits - Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).
Minimum balance to open the account - You must deposit $100.00 to open this account.
Minimum daily balance to earn interest - $500.00 (No interest earned on days the balance falls below $500.00).
Minimum balance to avoid imposition of monthly service charge - A monthly service charge fee of $3.00 will be charged if the minimum monthly balance falls below $1,000.00 on any day of the statement cycle.
Minimum balance to obtain the annual percentage yield disclosed - You must maintain a minimum balance of $500.00 in the account each day to obtain the disclosed annual percentage yield.
Account Set-Up Fee - A set up fee of $20.00 is charged to open an HSA account.
Statements - Statements are mailed monthly or quarterly. Images on-line or on request.
Health Savings Accounts (HSA). For your convenience, we permit you to take distributions from your HSA by check or through electronic funds transfers. These features can raise a variety of tax concerns for example getting additional cash back on an HSA transaction, or electronically transferring more than the allowable amount.
As a result, if you have more than one account with us it is good practice to make sure you are using the correct debit card or appropriate checkbook for the transaction. Also, it is your responsibility to ensure the contributions, distributions, and other actions related to your HSA, comply with the law, including federal tax law. As always, we recommend consulting a legal or tax professional if you have any questions about managing your HSA.
The terms of this disclosure are intended to work in conjunction with the HSA Agreement provided to you earlier. In the event of a conflict, the terms of the HSA Agreement control. You understand that your HSA is intended to be used for payment of qualified medical expenses. It is your responsibility to satisfy any tax liability resulting from use of your HSA for any purpose other than payment or reimbursement of qualified medical expenses.
We do not monitor the purpose of any transaction to or from your HSA. Nor are we responsible for ensuring your eligibility for making contributions or ensuring withdrawals are used for payment of reimbursement of qualified medical expenses. Refer to your HSA Agreement for more information relating to the use of your HSA.
NON-SUFFICIENT FUNDS BALANCE
A non-sufficient funds balance may result from:
- The payment of checks, electronic funds transfers or other in-person withdrawal requests;
- Payments authorized by you, including ACH debits;
- The return of unpaid items deposited by you;
- The imposition of bank service charges;
- The deposit of items which according to the Bank’s Funds Availability Policy, are treated as not yet “available” or finally paid; i.e. “Holds placed on items you deposit”
- ATM withdrawals or other electronic means as applicable.
FEES
Please refer to our separate Schedule of Fees. Fees may be subject to change.
CHECK ORDERS
If you arrange for the printing of your own checks, the form, encoding and format of the checks must follow our check specification requirements. You agree not to print special limitations on checks, withdrawal orders or other items drawn on your account, such as “void over $100,000” or “paid in full” or “void after 90 days.” If you do print any special limitations, you agree that we are not bound by such limitations and you authorize us to pay items without regard to the limitation(s). You also agree to hold the Bank harmless if checks that you order on your own cannot be processed because of the quality of the paper and the type of ink used by the provider. We make checks available that include fraud prevention features. If you choose not to use them or other checks that include fraud prevention features, you agree to assume a heightened degree of responsibility for safeguarding your checks, and for reviewing all returned checks and statements as soon as you receive them.
Check printing.....................(fee depends on style and quantity of checks ordered; shipping and handling fees may apply)
7 DAY REQUIREMENTS
We may require no less than 7 days’ notice in writing before each withdrawal from an interest-bearing account other than a demand deposit, time deposit, or from any other savings deposit as defined by Regulation D. Withdrawals from a time account prior to maturity or prior to any notice period may be restricted and may be subject to penalty. See your notice of penalty for early withdrawal.