Savings Accounts

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

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. The minimum balance to open this account will be waived for those 18 years old and younger.

Minimum balance to avoid imposition of fees – A maintenance fee of $3.00 will be imposed every quarter if the balance in the account falls below $200.00 any day of the cycle. This maintenance fee will be waived for those 18 years old and younger.

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 on the business day you deposit noncash items (for example, checks).

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

Fees: A fee of $1.00 will be charged for each in-person withdrawal in excess of nine per quarter.

First-Time Homebuyer Savings Account

Rate Information – Your interest rate and annual percentage yield may change. As an incentive to save money for down payment on your first home. Citizens Bank will double the interest at time of withdrawal on any funds withdrawn for use as down payment on a Citizens Bank First-Time Homebuyer Mortgage Loan.

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.

Limitations on rate changes – The interest rate when doubled will never exceed 10%.

Minimum balance to open the account – A maintenance fee of $3.00 will be imposed every quarter if the balance in the account falls below $200.00 any day of the cycle.

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 on the business day you deposit noncash items (for example, checks).

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

Fees: A fee of $1.00 will be charged for each in-person withdrawal in excess of nine per quarter.

Golden Investment Passbook 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 every week.

Determination of rate – The interest rate index on your account will be based on the discount rate of the most recently auctioned 13-week Treasury Bill.

Limitations on rate changes – The interest rate will never exceed 10%. The rates are tiered on this account.

• Tier 1 – Balances of $50,000.00 or more
• Tier 2 – Balances more than $24,999.99, but less than $50,000.00
•  Tier 3 – Balances more than $4,999.99, but less than $25,000.00
• Tier 4 – Balances of $4,999.99 or less

The percentage of the interest rate index to be paid on Tier 1, Tier 2, and Tier 3 will be at the discretion of the bank. The rate on Tier 4 will equal the Regular Savings interest rate.

Compounding and crediting frequency – Interest will be compounded every quarter. Interest will be credited to your account every quarter.

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 $5,000.00 to open this account.

Minimum balance to avoid imposition of fees – A maintenance fee or $5.00 will be imposed every quarterly statement cycle if the balance in the account falls below $200.00 any day of the cycle.

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 on the business day you deposit noncash items (for example, checks).

Transaction limitations: Transfers from a Golden Investment Passbook account to another account or to third parties by preauthorized, automatic, or telephone transfer are limited to six per statement cycle with no transfers by check, draft, debit card, or similar order to third parties. We reserve the right to limit deposits to $250,000.00.

Fees: A transaction fee of $1.00 will be charged for each withdrawal transaction in excess of nine during a quarter.

Christmas Club 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 at maturity. Interest will be credited to your account at maturity.

Effect of closing an account – If you close your account before interest is credited, you will not receive the accrued interest.

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 on the business day you deposit noncash items (for example, checks).

Transaction limitations: If any withdrawal is made from this account before Club completion then this account may be closed.

Vacation Club 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 at maturity. Interest will be credited to your account at maturity.

Effect of closing an account – If you close your account before interest is credited, you will not receive the accrued interest.

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 on the business day you deposit noncash items (for example, checks).

Transaction limitations: If any withdrawal is made from this account before Club completion then this account may be closed.