Golden Passbook/Golden Statement Savings Account Disclosure

Rate Information:

Rate Information: The annual percentage yield on the Tier 3 account is 0.45% with a rate of 0.45%.
The annual percentage yield on the Tier 2 account is 0.25% with a rate of 0.25%.
The annual percentage yield on the Tier 1 account is 0.0% with a rate of 0.0%.
Determination of Rate: At our discretion we may change the interest rate on your account.
Frequency of Rate Changes: We may change the interest rate on your account at any time.
Limitations on Rate Changes: There are no limitations on rate changes.

Compounding and Crediting:

Frequency: Interest will be compounded on a quarterly basis. Interest will be credited to your account every quarter.
Effect of Closing an Account: You will receive accrued interest through the day prior to the day of your account closing.

Minimum Balance Requirements:

To Open the Account: You must deposit $100 to open this account.
To Avoid Imposition of Fees: A minimum balance fee and transaction fees will be imposed every statement cycle if the daily balance in the account falls below $100 any day of the cycle. The minimum balance fee and transaction fees are listed in our Schedule of Service Charges and Fees (PDF).
To Obtain the Annual Percentage Yield Disclosed: You must maintain a minimum balance of $2,500 in the account each day to obtain the Tier 3 disclosed annual percentage yield. A minimum daily balance of $100 must be maintained to obtain the Tier 2 annual percentage yield. If the balance falls below $100 there will be no interest paid for the period the balance is below $100.

Balance Computation:

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.

Passbook Account:

There are no pre-authorized withdrawals permitted against this account. There are no ATM transactions permitted against this account.

Statement Account:

This account has all the characteristics of a passbook account with the added advantage of an ATM/Debit card. You will receive a statement at least quarterly.

Accrual of Interest on Noncash Deposits:

Interest begins to accrue on the business day you deposit noncash items. Examples of noncash items are checks, money orders and postal checks.

Fees:

A fee may be imposed if you exceed more than six (6) withdrawals/debits per month by law. Refer to our Schedule of Service Charges and Fees (PDF).
Additional fees are disclosed on our Schedule of Service Charges and Fees (PDF).

Transaction Limitations:

Withdrawals or transfers from your account to another deposit account or to third parties by preauthorized, automatic, telephone or similar transfer are limited to six (6) per month by law.

Effective Date:

The terms, conditions, rates and yields contained in the disclosure are accurate as of November 17, 2011.

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