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Truth-In-Savings Disclosure

Free Checking Account  |  Now Checking Account |  Super Now Account |  Passbook Savings Account |  Money Market Fund Savings Account |  Certificate of Deposit |  Individual Retirement Account |  Common Features


NOW CHECKING ACCOUNT

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 month. Interest will be credited to your account every month.

Minimum balance to open the account - You must deposit $1,000.00 to open this account.

Minimum balance to avoid imposition of fees - A service charge fee of $10.00 will be imposed every monthly statement cycle if the balance in the account falls below $1,000.00 any day of the cycle .

Minimum balance to obtain the annual percentage yield disclosed - You must maintain a minimum balance of $1,000.00 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 no later than the business day we receive credit for the deposit of noncash items (for example, checks).

Member

SUPER NOW ACCOUNT

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 month. Interest will be credited to your account every month.

Minimum balance to open the account - You must deposit $2,500.00 to open this account.

Minimum balance to avoid imposition of fees - A service charge fee of $15.00 will be imposed every monthly statement cycle if the balance in the account falls below $2,500.00 any day of the cycle.

Minimum balance to obtain the annual percentage yield disclosed - You must maintain a minimum balance of $2,500.00 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 no later than the business day we receive credit for the deposit of noncash items (for example, checks).

Member

PASSBOOK SAVINGS ACCOUNT

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.

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 no later than the business day we receive credit for the deposit of noncash items (for example, checks).

Transaction limitations:
Transfers from a Passbook Savings Account to another account or to third parties by preauthorized, automatic or telephone or computer transfer are limited to six per statement cycle with no transfers by check , draft, debit card, or similar order to third parties.

Fees:
An excessive withdrawal fee of $1.00 will be charged for each withdrawal in excess of six during a six month period or statement cycle.

Member

MONEY MARKET FUND SAVINGS ACCOUNT

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.

Minimum balance to open the account - You must deposit $2,500.00 to open this account.

Minimum balance to avoid imposition of fees - A service charge fee of $15.00 will be imposed every monthly statement cycle if the balance in the account falls below $2,500.00 any day of the cycle.

Minimum balance to obtain the annual percentage yield disclosed - You must maintain a minimum balance of $2,500.00 in the account each day to obtain the disclosed annual percentage yield.
If the daily balance falls below $2,500.00, you will be paid at the Regular Savings rate.

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 no later than the business day we receive credit for the deposit of noncash items (for example, checks).

Transaction limitations:
Transfers from a Money Market Fund Savings Account to another account or to third parties by preauthorized, automatic or telephone or computer transfer check , draft, or similar order to third parties are limited to six per statement cycle.

Fees:
An excessive withdrawal fee of $1.00 will be charged for each withdrawal in excess of six during a six month period or statement cycle.

Member

CERTIFICATE OF DEPOSIT

Compounding frequency - Interest will be compounded and credited to your account semi-annually.

Minimum balance to open the account - You must deposit $500.00 to open a CD account.

Minimum balance to obtain the annual percentage yield disclosed - in order to obtain the disclosed annual percentage yield, you must maintain the minimum balance of the CD each day.

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 no later than the business day we receive credit for the deposit of noncash items (for example, checks).

Transaction limitations:
You may make unlimited deposits into your account.
You may not make withdrawals of principal from your account before maturity.
You can only withdraw interest credited in the term before maturity of that term without penalty. You can withdraw interest any time during the term of crediting after it is credited to your account.

Time requirements- Your account will mature at the end of the deposit term selected.

Early withdrawal penalties (a penalty will be imposed for withdrawals before maturity)-

The fee we will impose will equal 90 days interest whether earned or not, 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. See your plan disclosure if the account is part of an IRA or other tax qualified 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 maturity if we receive written notice from you before maturity of your intention not to renew or you withdraw the funds in the account at maturity (or within the grace period mentioned below, if any). If you 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.

Member

INDIVIDUAL RETIREMENT ACCOUNTS

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 quarter. Interest will be credited to your account every quarter.

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 no later than the business day we receive credit for the deposit of noncash items (for example, checks).

Transaction limitations:
Deposits, withdrawals, and transfers from an Individual Retirement account to another account or to third parties are subject to IRS rules and regulations governing IRAs.

Member

COMMON FEATURES

The following fees may be assesed against your account and the following transaction limitations, if any, apply to your account.

Check printing fee depends on style of check ordered
Temporary account - (open 90 days or less)
     Checking $20.00
     Savings and Money Market $15.00
Money order $3.00 for first $100.00
    $.50 for each additional $100.00
Returned check fee $20.00 per item
Return ACH item $25.00 per item
Nonsufficient funds (NSF) item (each) $17.00
Photocopies $.25 each
Wire transfers
     Outgoing $15.00
     Incoming $5.00
Customer bonds $35.00
Stop payments $15.00
Records research $5.00 per ¼ hour
Debit Card (initial access) $10.00
Replace Debit Card or PIN $20.00
Daily Limit Debit Card $310.00
Daily Limit at ATM for cash Debit Card $100.00
Three Day Limit for Debit Card $910.00
*ATM Withdrawal Fee *$-0-

*The institution which owns the ATM may charge a fee for cash, but Andes State Bank does not add on an additional fee.

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