Truth-In-Savings Disclosure Minimize

TRUTH-IN-SAVINGS DISCLOSURE

 

REGULAR CHECKING ACCOUNT

Minimum balance to open the account – You must deposit $100.00 to open this account

Minimum balance to avoid imposition of fees – A service charge fee of $5.00 will be imposed every statement cycle if the balance in the account falls below $500.00 any day of the cycle.

 

SECURITY BANK CLUB ACCOUNT

Minimum balance to open the account – You must deposit $100.00 to open this account

Fees:

A membership fee of $12.50 will be charged each statement cycle.

Account features:

Free personalized checks (wallet style safety paper only)

Free safe deposit box (3 ½” by 4 ½” only; or $10.00 off cost of larger box)

Free bank cashiers checks

Free $20,000.00 Accidental Death Life Insurance policy

Free notary service

Free debit card

Free online banking (with free Bill Pay)

VISA Gift Card – Purchase ($25.00-$500.00) - $5.00, Reload of VISA Gift Card - $1.00

May be used with Regular DDA account only.

 

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 and credited to your account every quarter for each day the balance is $500.00 or greater.

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 $100.00 to open this account.

Minimum balance to obtain the annual percentage yield disclosed – You must maintain a minimum balance of $500.00, $5,000.00 or $10,000.00 in the account each day to obtain the disclosed annual percentage yield for that tier.

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 that the balance is $500.00 or greater.  Interest accrues until the day the funds are withdrawn.

Accrual of interest on noncash deposits – Interest begins to accrue on the business day you deposit noncash items (for example, checks) each day the balance is $500.00 or greater.

Transaction limitations:

Transfers from a Savings account to another account or to third parties by telephone transfer and in-person withdrawals are limited to three per month with no transfers by check, debit card, or similar order to third parties.

 

Fees:

An excessive item fee of $1.00 will be charged for each withdrawal in excess of three during a calendar month.

An account with a balance of $49.99 or less that has no activity during a quarter has a service charge of $1.00.  After six months with no activity, the service charge will be replaced with a dormant fee of $5.00.

 

SUPER SAVER 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 and credited to your account every statement cycle for each day the balance is $2,500.00 or greater.

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 $2,500.00 to open this account.

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 that the balance is $2,500.00 or greater.  Interest accrues until the day the funds are withdrawn.

Accrual of interest on noncash deposits – Interest begins to accrue on the business day you deposit noncash items (for example, checks) each day the balance is $2,500.00 or greater.

Transactions limitations:

Transfers from a Super Saver account to another account or to third parties by preauthorized, automatic, or telephone transfer are limited to six per statement cycle.

Fees:

An excessive item fee of $20.00 will be charged for each debit transaction (withdrawal, check paid, automatic transfer or payment out of this account) in excess of six during a monthly statement cycle.  If the balance is below $2,500.00 with no activity within 182 days there is a dormant account fee of $5.00 each statement cycle.

 

FIRST REWARD CHECKING

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 and credited to your account every statement cycle, approximately a 30 day cycle.

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 $100.00 to open this account.

Daily balance computation method – We use the average daily balance method to calculate the interest on your account.  Interest accrues until the day the funds are withdrawn.

Accrual of interest on noncash deposits – Interest begins to accrue on the business day you deposit noncash items (for example, checks).

Account requirements –

♦        Make at least 10 First Security Bank debit card transactions per statement cycle in addition to any ATM activity.

♦        Make at least 1 automatic debit or direct deposit transactions per cycle.

♦        Access your account online at least once during the statement cycle.

♦        Sign up for Online Banking and e-statements to receive your statement online each cycle.

♦        Make at least one online bill pay per cycle.

Account features –

♦        FREE internet banking.

♦        FREE electronic statement with images of checks.

♦        FREE unlimited activity.

♦        FREE bill pay.

♦        FREE First Security Bank Debit Card.

♦        FREE telephone banking.

♦        FREE courtesy overdraft protection available (some restrictions apply).

♦        FREE ATM withdrawals.  ATM withdrawal fees will automatically be credited to your account at   the end of the statement cycle.

 

REGULAR 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 and credited to your account every statement cycle for each day the balance is $500.00 or greater.

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 $500.00 to open this account.

Minimum balance to obtain the annual percentage yield disclosed – You must maintain a minimum balance of $500.00, $5,000.00 or $10,000.00 in the account each day to obtain the disclosed annual percentage yield for that tier.

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 that the balance is $500.00 or greater.  Interest accrues until the day the funds are withdrawn.

Accrual of interest on noncash deposits – Interest begins to accrue on the business day you deposit noncash items (for example, checks) each day that the balance is $500.00 or greater.

Fees – If the balance is below $500.00 with no activity within 182 days there is a dormant account fee of $5.00 each statement cycle.

 

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 and credited to your account every statement cycle for each day the balance is $1,500.00 or greater.

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 $1,500.00 to open this account.

Minimum balance to obtain the annual percentage yield disclosed – You must maintain a minimum balance of $1,500.00, $5,000.00, $10,000.00 or $25,000.00 in the account each day to obtain the disclosed annual percentage yield for that tier.

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 the balance is $1,500.00 or greater.  Interest accrues until the day the funds are withdrawn.

Accrual of interest on noncash deposits – Interest begins to accrue on the business day you deposit noncash items (for example, checks) each day the balance is $1,500.00 or greater.

Fees:

A service charge of $.15 will be charged for each debit transaction (withdrawal, check paid, automatic transfer or payment out of this account) in excess of 25 during a monthly statement cycle.  If the balance is below $1,500.00 with no activity within 182 days there is a dormant account fee of $5.00 each statement cycle.

 

MONEY MARKET GOLD 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 and credited to your account every statement cycle for each day the balance is $2,500.00 or greater.

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 $2,500.00 to open this account.

Minimum balance to obtain the annual percentage yield disclosed – You must maintain a minimum balance of $2,500.00, $10,000.00, $25,000.00, $50,000.00 or $100,000.00 in the account each day to obtain the disclosed annual percentage yield for that tier.

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 the balance is $2,500.00 or greater.  Interest accrues until the day the funds are withdrawn.

Accrual of interest on noncash deposits – Interest begins to accrue on the business day you deposit noncash items (for example, checks) each day the balance is $2,500.00 or greater.

Transaction limitations:

Transfers from a Money Market Gold account to another account or to third parties by preauthorized, automatic, or telephone transfer are limited to six per statement cycle.

Fees:

A service charge fee of $5.00 will be charged each statement cycle.

An excessive item fee of $1.00 will be charged for each debit transaction (withdrawal, check paid, automatic transfer or payment out of this account) in excess of six during a monthly statement cycle.

 

ETASM

 

This account is available to any individual who receives Federal benefit, wage, salary, or retirement payments.

Transaction limitations:

You may only make deposits into this account by electronic direct deposit of Federal benefit, wage, salary, and retirement payments.

You may make four cash withdrawals and four balance inquiries per month at no additional charge.  You may access your account for cash withdrawals and balance inquiries over the counter.

Fees:

Cash withdrawals in excess of four per month (each)……………………………..…….$.50

Attachment – Many Federal benefit payments, including Social Security benefits, Supplemental Security Income benefits, Veteran’s benefits, and Railroad Retirement benefits, are protected from attachment under Federal law.  This means that your creditors do not have the right to have these funds taken out of your ETASM. There are a few exceptions, however.  For example, funds in your ETASM can be taken to satisfy child support or alimony obligations you owe.

If we receive an order of attachment, garnishment, or levy, we will immediately send you a copy of the order and the name of the creditor and contact person, if any.

If you have questions about a creditor’s rights to remove funds from your ETASM, contact your benefit agency or your local legal services organization.


Additional information:

First Security bank is required by the Department of the Treasury to ensure that your ETASM , meets certain criteria and to provide you with certain disclosures about your ETASM.  These obligations are set forth in an ETASM Financial Agency Agreement between First Security Bank and The Department of the Treasury.  The text of the ETASM Financial Agency Agreement is publicly available and is published in the Federal register at 64 FR 38510, dated July 16, 1999.

Special Rules Regarding Amendments and Termination –
Generally, we will close an ETASM only if we have cause to believe fraud has occurred in connection with the account, the account has been misused, or the account ceases to be used for the receipt of eligible payments.

 
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