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In these disclosures, the words “you” and “your” mean the customer who is inquiring about or opening a consumer deposit account at this financial institution. The words “us”, “we” or “our” means Charleroi Federal Savings Bank.

The following information is provided to you pursuant to Federal Regulation DD as a result of the Truth In Savings Act of 1992. This information will allow you to have a complete understanding of the particular consumer account you are inquiring about.

 

TRUTH IN SAVINGS DISCLOSURE
ADVANTAGE OR ADVANTAGE 50
CHECKING ACCOUNTS

INTEREST RATE AND ANNUAL PERCENTAGE YIELD: Refer to interest rate addendum.

VARIABLE RATE ACCOUNT: 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: Interest will be compounded and credited to your account on a quarterly basis.

MINIMUM BALANCE REQUIREMENTS:

-- TO OPEN THE ACCOUNT: You must deposit at least $100.00 to open either of these accounts.

-- TO AVOID THE IMPOSITION OF FEES: A Service Charge will be imposed every month (statement cycle period) if the balance in the account falls below $100.00 on any day of your statement cycle period.

-- TO OBTAIN THE ANNUAL PERCENTAGE YIELD DISCLOSED: You must maintain a minimum balance of at least $100.00 in the account each day imposed every month (statement cycle period) if the balance in the account falls below $100.00 on any day of your statement cycle period.

-- TO OBTAIN THE ANNUAL PERCENTAGE YIELD DISCLOSED: You must maintain a minimum balance of at least $100.00 in the account each day to obtain the disclosed annual percentage yield.

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:

-- We reserve the right to require at least 7 days written notice before any withdrawal or transfer from an interest bearing account.

-- Please refer to our Electronic Funds Transfer Disclosure Statement for types of transactions permitted and usage limitations that apply.

ADDITIONAL ACCOUNT FEES: Please refer to our current Fee Schedule for other related fees that will apply.

 

TRUTH IN SAVINGS DISCLOSURE
ADVANTAGE PLUS OR ADVANTAGE 50 PLUS
CHECKING ACCOUNTS

INTEREST RATE AND ANNUAL PERCENTAGE YIELD: Refer to interest rate addendum.

VARIABLE RATE ACCOUNT: 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: Interest will be compounded and credited to your account on a quarterly basis.

MINIMUM BALANCE REQUIREMENTS:

-- TO OPEN THE ACCOUNT: You must deposit at least $100.00 to open either of these accounts.

-- TO OBTAIN THE ANNUAL PERCENTAGE YIELD DISCLOSED: You must maintain a minimum balance of at least $100.00 in the account each day to obtain the disclosed annual percentage yield.

MONTHLY MEMBERSHIP FEE: Please refer to Fee Schedule for applicable fee.

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:

-- We reserve the right to require at least 7 days written notice before any withdrawal or transfer from an interest bearing account.

-- Please refer to our Electronic Funds Transfer Disclosure Statement for types of transactions permitted and usage limitations that apply.

ADDITIONAL ACCOUNT FEES: Please refer to our current Fee Schedule for other related fees that will apply.

 

TRUTH IN SAVINGS DISCLOSURE
FREE CHECKING ACCOUNT

INTEREST RATE: This account is non-interest bearing.

MINIMUM BALANCE REQUIREMENTS:

  1. TO OPEN THE ACCOUNT: You must deposit at least $50.00 to open the account.
  2. AFTER ACCOUNT OPENING:  No minimum balance is required.

TRANSACTION LIMITATIONS:

-- Please refer to our Electronic Funds Transfer Disclosure Statement for ATM account access, types of transactions and usage limitations that will apply.

ADDITIONAL ACCOUNT FEES: Please refer to our current Fee Schedule for other related fees that will apply.

 

TRUTH IN SAVINGS DISCLOSURE
MONEY MARKET FUND ACCOUNT

VARIABLE RATE ACCOUNT: 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.

TIER LEVELS AND THEIR APPLICABLE INTEREST RATES: The interest rate to be paid on your account will depend upon the daily balance in your account. Please see the Rate Addendum to determine what interest rate and related annual percentage yield will be earned depending upon the daily balance in your account. The separate “TIERS” that have varying interest rates and annual percentage yields that apply are as follows:

TIER 0:-- If the daily balance in your account is less than $100.00, no interest will accrue on the entire balance in the account and no annual percentage yield will be earned.

TIER 1:-- If the daily balance in your account is $100.00 or greater but less than $1,000.00, the entire balance in your account will earn the appropriate interest rate and annual percentage yield.

TIER 2:-- If the daily balance in your account is $1,000.00 or greater but less than $2,500.00, the entire balance in your account will earn the appropriate interest rate and annual percentage yield.

TIER 3:-- If the daily balance in your account is $2,500.00 or greater, the entire balance in your account will earn the appropriate interest rate and annual percentage yield.

COMPOUNDING AND CREDITING: Interest will be compounded and credited to your account on a quarterly basis.

MINIMUM BALANCE REQUIREMENTS:

-- TO OPEN THE ACCOUNT: You must deposit at least $1,000.00 to open the account.

-- TO AVOID THE IMPOSITION OF FEES: A Service Charge will be imposed semi-annually if the balance in the account falls below $50.00 at the end of the semi-annual period.

-- TO OBTAIN THE ANNUAL PERCENTAGE YIELD DISCLOSED: You must maintain a minimum balance of at least $100.00 in the account each day to obtain the annual percentage yield disclosed under Tier 1 on the Rate Addendum.

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 only make six (6) third party transfers per month (cycle period) out of your account by preauthorized transfer, electronic means, check, debit card or similar order. You may only make six (6) electronic funds transfers per month (cycle period) from your account to another account you maintain with us. Transactions made in person, at ATMs or by mail are unlimited.

-- We reserve the right to require at least 7 days written notice before any withdrawal or transfer from an interest bearing account.

-- Please refer to our Electronic Funds Transfer Disclosure Statement for ATM account access, types of transactions and usage limitations that will apply.

ADDITIONAL ACCOUNT FEES: Please refer to our current Fee Schedule for other related fees that will apply.

 

TRUTH IN SAVINGS DISCLOSURE
NON-PROFIT CHECKING ACCOUNT

INTEREST RATE: This account is non-interest bearing.

MINIMUM BALANCE REQUIREMENTS:

--   TO OPEN THE ACCOUNT: You must deposit at least $100.00 to open the account.

TRANSACTION LIMITATIONS:

--   Please refer to our Electronic Funds (REG.E) Disclosure statement for account access, types of transactions and usage limitations that will apply.

ADDITIONAL ACCOUNT FEES: Please refer to our current Fee Schedule for other related fees that will apply.

 

TRUTH IN SAVINGS DISCLOSURE
REGULAR CHECKING ACCOUNT
Available for Personal and Non-Profit Organization* accounts

VARIABLE RATE ACCOUNT: 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: Interest will be compounded and credited to your account on a quarterly basis.

MINIMUM BALANCE REQUIREMENTS:

-- TO OPEN THE ACCOUNT: You must deposit at least $100.00 to open the account.

-- TO AVOID THE IMPOSITION OF FEES: A Service Charge will be imposed every month (cycle period) if the balance in the account falls below $500.00 on any day of your cycle period. You may also avoid the Service Charge by having direct deposit to this account.

-- TO OBTAIN THE ANNUAL PERCENTAGE YIELD DISCLOSED: You must maintain a minimum balance of at least $100.00 in the account each day to obtain the annual percentage yield disclosed on the Rate Addendum.

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:

-- We reserve the right to require at least 7 days written notice before any withdrawal or transfer from an interest bearing account.

-- Please refer to our Electronic Funds Transfer Disclosure Statement for ATM account access, types of transactions and usage limitations that will apply.

ADDITIONAL ACCOUNT FEES: Please refer to our current Fee Schedule for other related fees that will apply.

* Not eligible for Visa Check (ATM) card access.