Ascencia - Truth In Savings


Disclosures Truth in Savings	Print	Close Window

	Interest Checking
	Business Checking
	Savings
	Money Market
	Certificate of Deposit

Personal Interest 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 without prior notice.
	Determination of rate At our discretion, we may change the interest rate on your account.
	Compounding & crediting frequency Interest will be compounded every month. 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. Bringing your account to a zero balance will close your account automatically. If you wish for us to close your account and remit the funds to you, the cashier's check fee will apply.
	Minimum balance to open the account You must deposit $50.00 to open this account.
	Maintenance fees There is no monthly maintenance fee for this account or minimum balance requirement.
	Daily balance computation method We use the daily balance method to calculate the interest on your account. This method applies a periodic rate to the "collected" daily balance in the account for each day. The interest accrued for each day in the period is added together and credited at the end of the period. The period we use is the monthly statement cycle.
	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 (for example, checks).
As defined by Regulation D, we reserve the right at any time to require not less than 7 days notice in writing before each withdrawal from this account.
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Business Interest Checking Account - Sole Proprietors and Non-profits only
	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 without prior notice.
	Determination of rate At our discretion, we may change the interest rate on your account.
	Compounding & crediting frequency Interest will be compounded every month. 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.
	Minimum balance to open the account You must deposit $1,000.00 to open this account.
	Maintenance fees There is no monthly maintenance fee for this account.
	Minimum balance to avoid imposition of fees A below balance fee of $6.00 will be imposed each monthly statement cycle in which the average daily balance for the monthly statement cycle falls below $1,000.00.
	Daily balance computation method We use the daily balance method to calculate the interest on your account. This method applies a periodic rate to the "collected" daily balance in the account for each day. The interest accrued for each day in the period is added together and credited at the end of the period. The period we use is the monthly statement cycle.
	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 (for example, checks).
As defined by Regulation D, we reserve the right at any time to require not less than 7 days notice in writing before each withdrawal from this account.
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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 without prior notice.
	Determination of rate At our discretion, we may change the interest rate on your account.
	Compounding & crediting frequency Interest will be compounded every month. 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.
	Minimum balance to open the account You must deposit $50.00 to open this account.
	Minimum balance to obtain the annual percentage yield disclosed There is no minimum balance required on this account.
	Daily balance computation method We use the daily balance method to calculate the interest on your account. This method applies a periodic rate to the "collected" daily balance in the account for each day. The interest accrued for each day in the period is added together and credited at the end of the period. The period we use is the monthly statement cycle.
	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 (for example, checks).
	Transaction limitations Transfers from a Savings account to another account or to third parties by preauthorized, automatic, ATM or telephone transfer are limited to six per statement cycle.
As defined by Regulation D, we reserve the right at any time to require not less than 7 days notice in writing before each withdrawal from this account.
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Money Market 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 without prior notice.
	Determination of rate At our discretion, we may change the interest rate on your account.
	Compounding & crediting frequency Interest will be compounded every month. 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.
	Minimum balance to open the account You must deposit $1,000.00 to open this account.
	Minimum balance to avoid imposition of fees A below balance fee of $5.00 will be imposed each monthly statement cycle in which the balance in the account on any day for the monthly statement cycle falls below $1,000.00.
	Daily balance computation method We use the daily balance method to calculate the interest on your account. This method applies a periodic rate to the "collected" daily balance in the account for each day. The interest accrued for each day in the period is added together and credited at the end of the period. The period we use is the monthly statement cycle.
	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 (for example, checks).
	Transaction limitations Transfers from a Money Market account to another account or to third parties by preauthorized, automatic, ATM or telephone transfer are limited to six per statement cycle with no more than three by check, draft, or similar order to third parties.
As defined by Regulation D, we reserve the right at any time to require not less than 7 days notice in writing before each withdrawal from this account.
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Certificate of Deposit

Rate Information
You will be paid the disclosed rate until first maturity.

Compounding frequency
Interest will be compounded on a monthly basis. The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.

Crediting frequency
Interest will be credited to your account on a monthly basis.

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

Maximum allowed balance to open the account
You may not deposit more than $100,000.00 to open this account.

Daily balance computation method
We use the average 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 not make any deposits into your account before maturity.
•	You may make withdrawals of principal from your account before maturity. You may not withdraw any funds from this account during the first 90 days the account is open. Principal withdrawn before maturity is included in the amount subject to early withdrawal penalty.

Withdrawal of interest prior to maturity
The annual percentage yield assumes interest is compounded monthly, and will remain on deposit until maturity. A withdrawal will reduce earnings.

Automatically renewable time account
This account will automatically renew at 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 day that have the same term, minimum balance (if any) and other features as the original time deposit. You will have ten calendar days after maturity (grace period) to withdraw the funds without a penalty. Interest earned during one term that is not withdrawn during or immediately after that term is added to principal for the renewal term. You may prevent renewal if we receive written notice from you within the grace period mentioned below. 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. If you choose not to renew, but transfer your account to a new product within the Bank, you will lose interest. However, we reserve the right to decline the new application. If this happens, we will mail you a check to close out the existing account.

Early withdrawal penalties
A penalty may be imposed for withdrawals before maturity:

1.	If your account has an original maturity of 12 months or less, then the fee we may impose will equal three month's interest on the amount withdrawn subject to penalty.
	or
2.	If your account has an original maturity of more than 12 months, then the fee we may impose will equal six month's interest on the amount withdrawn subject to penalty.

In certain circumstances such as the death or incompetence of an owner of the 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.

Effect of closing an account - If you wish to close your account, you must do so in writing. We can accept your request with signature to close at maturity up to 30 days prior. If we receive your request on or after the maturity date before 4:30pm EST on a day we are open, we will process your request that day. If we receive your request after 4:30pm EST or on a day that we are not open, we will process your request on the next business day that we are open.

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