|
TRUTH-IN-SAVINGS
DISCLOSURE |
|
EFFECTIVE March 1, 2007 |
|
CHECKING: |
ACHIEVER BASIC
| ACHIEVER |
GOLD STAR 50 |
RENEWAL POLICY |
|
SAVINGS: |
STATEMENT SAVINGS
| MONEY MARKET |
|
CD: |
CERTIFICATE OF DEPOSITS
| PRIME-BASED FLOATER CERTIFICATE
| RENEWAL POLICY |
|
OTHER SERVICES: |
RATES INFORMATION
| OTHER FEES & SERVICES |
| |
|
ACHIEVER BASIC CHECKING
(No-Interest Checking) |
| Minimum
Balance - Minimum balance to open
account - $10 |
| No monthly
service charges. |
| No minimum
balance requirements. |
| Rate
Information - Non-interest bearing
account. |
| Statement
Charge - Online statements available
at no charge. |
| Checks
- Truncated for Safekeeping. |
|
ATM - Withdrawals at
First Star machines are free; First five on foreign machines
during the statement cycle are free, $1.00 each over the five. |
|
Point of Sale - PIN
transaction, first three per month are free, $0.75 each over the
three. |
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ACHIEVER CHECKING
(Interest Checking) |
| Minimum
Balance - Minimum balance to open
account: $10 |
| Monthly
Service Charge - Maintenance Service
Charge of $5.00 will be imposed on average daily balance during
the statement cycle falls below $500.
(Adding the principal in the
account for each day of the period and dividing that figure by
the number of days in the period will give the average daily
balance.) |
| Rate
Information - Tiered rate account.
Your interest rate and annual percentage yield may change. For
tier information, refer within this disclosure to section, "Rate
Information") |
| Frequency of
rate changes - Upon discretion of the
institution. |
| Compounding
& Crediting - Interest is compounded
daily and credited to your account each month. |
| Accrual of
interest on non-cash deposit -
Interest begins to accrue on the business day following the day
of deposit of the non-cash items. |
| 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. |
| Statement
Charge - Online Statements are
available at no charge. |
| Checks
- Truncated for safe keeping. |
|
ATM - Withdrawals at
First Star machines are free; First five on foreign machines
during the statement cycle are free, $1.00 each over the five. |
|
Point of Sale - PIN
transaction, first three per month are free, $0.75 each over the
three. |
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|
GOLD STAR 50 CHECKING
(Interest Checking) |
| Minimum
Balance - $10 |
| No Monthly
Service Charges. |
| No Minimum
Balance Requirements. |
| Minimum
Balance required to obtain the APY disclosed -
You must maintain an average daily balance of
$1000 for the month to obtain the annual percentage yield
disclosed. |
| Rate
Information - This is a tiered rate
account. Your interest rate and APY may change. For tier
information, refer within this disclosure to section, "Rate
Information". |
| Frequency of
rate changes - Upon the discretion of
the institution. |
| Compounding
& Crediting - Interest is compounded
daily and credited to your account each month. |
| Accrual of
interest on non-cash deposit -
Interest begins to accrue on the business day following the day
of deposit of the non-cash items. |
| 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. |
| Statement
Charge - Online Statements are
available at no charge. |
| Checks
- Truncated for safe keeping. |
|
ATM - Withdrawals at
First Star machines are free; First five on foreign machines
during the statement cycle are free, $1.00 each over the five. |
|
Point of Sale - PIN
transaction, first three per month are free, $0.75 each over the
three. |
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STATEMENT SAVINGS |
| Minimum
balance to open account - $100 |
| Monthly
Service Charges - Service charge of
$2, when the average daily balance for the month falls below
$100. Statement Savings for minors have no minimum balance
requirements or monthly service charge. |
| No Minimum
Balance Requirements. |
| Minimum
balance required to obtain the APY disclosed
- You must maintain an average daily balance of $100 for the
month to obtain the APY disclosed. |
| Rate
Information - This is a tiered rate
account. Your interest rate and annual percentage yield may
change. For tier information, refer within this disclosure to
section, "Rate Information". |
| Frequency of
rate change - Upon discretion of the
institution. |
| Compounding
& Crediting - Interest is compounded
daily and credited to your account each month. |
| Accrual of
interest on non-cash deposit -
Interest begins to accrue on the business day following the day
of deposit for non-cash items. |
| 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. |
| Statement
Charge - Online statements are
available at no charge. |
|
ATM - Withdrawals at
First Star machines are free; First five on foreign machines
during the statement cycle are free, $1.00 each over the five. |
|
Point of Sale - PIN
transaction, first three per month are free, $0.75 each over the
three. |
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MONEY MARKET ACCOUNT |
| Minimum
balance to open account - $100 |
| Monthly
Service Charges - Service charge of $2, when the average
daily balance for the month falls below $100. |
| No Minimum
Balance Requirement. |
| Minimum
balance required to obtain the APY disclosed
- You must maintain an average daily balance of $100 for the
month to obtain the APY disclosed. |
| Rate
Information - This is a tiered rate account. Your interest
rate and APY may change. For tier information, refer within this
disclosure to section, "Rate
Information". |
| Frequency of
rate change - Upon discretion of the institution. |
| Compounding
& Crediting - Interest is compounded
daily and credited to your account each month. |
| Accrual of
interest on non-cash deposit -
Interest begins to accrue on the business day following the day
of deposit for non-cash items. |
| 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. |
| Statement
Charge - Online statements are
available at no charge. |
| Transaction
limitations - Transfers from a Money Market account to
another account or to third parties by preauthorized, automatic,
electronic or telephone transfer are limited to 6 per calendar
month with no more than 3 of the 6 transfers by check, draft,
check card, or similar order to third parties. An excessive
withdrawal fee of $5.00 will be charged for each transaction
over the limit. |
|
Checks - Truncated for safe keeping. |
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CERTIFICATE OF DEPOSIT
(FIXED RATE CD's) |
| (Please see
weekly rate sheet for interest rate and APY) |
| Rate
Information - The rate on your account
is ___% with an annual percentage yield of ___%. You will be
paid this rate until first maturity. |
| Compounding
& Crediting - Interest begins to
accrue on the business day you open or renew your CD. Interest
will be compounded daily and credited monthly, with the final
interest credited when your CD matures. Interest is paid by
crediting the certificate or another First Star account monthly,
quarterly, semi-annually or annually. |
| Minimum
balance to open the account - You must
deposit $1000.00 to open a fixed rate Certificate of Deposit. |
| Balance
computation method - We use the daily
balance method to calculate the interest on your certificate.
This method applies a daily periodic rate to the principal in
the account each day. |
| Transaction
Limitations - You can make additional
deposits of $100.00 or more to this account during a term (other
than credited interest). You cannot withdraw principal from this
account without our consent except on or after maturity. You
may withdraw interest any time during the term after it is
credited to your certificate without penalty. The annual
percentage yield assumes interest will remain on deposit. A
withdrawal of interest will reduce earnings. |
|
Early withdrawal penalties
- A penalty may be imposed for withdrawal before maturity. The
term of your certificate obligates you to leave your funds on
deposit with First Star until maturity date of your CD. You will
be charged a penalty, in an amount equal to 365 days of interest
on the amount withdrawn. Where necessary, any funds needed to
complete the penalty shall be deducted form the principal
remaining in the account. |
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PRIME-BASED
FLOATER CERTIFICATE (VARIABLE INTEREST RATE) |
| Rate
Information - The interest rate on
your account is ___% with an annual percentage yield of ___%.
Your interest rate and APY may change. The interest rate is
based on the prime-lending rate minus 3%. |
| Compounding
& Crediting - Interest begins to
accrue on the business day you open or renew your CD. Interest
will be compounded daily and credited monthly, with the final
interest credited when your CD matures. Interest is paid by
crediting the certificate or another First Star account monthly,
quarterly, semi-annually, or annually. |
| Minimum
balance to open the account - You must
deposit $100.00 to open a variable certificate of deposit. |
| Balance
computation method - We use the daily
balance method to calculate the interest on your certificate.
This method applies a daily periodic rate to the principal in
the account each day. |
| Transaction
Limitations - You cannot make
additional deposits to this account during a term (other than
credited interest). You cannot withdraw principal without our
consent, except on or after maturity. You may withdraw interest
without penalty, at anytime during the term after it is credited
to your certificate. The APY assumes that interest will remain
on deposit. A withdrawal of interest reduces earnings. |
|
Early withdrawal penalties
- A penalty may be imposed for withdrawal before maturity. The
term of your certificate obligates you to leave your funds on
deposit with First Star until maturity date of your CD. You will
be charged a penalty, in an amount equal to 365 days of interest
on the amount withdrawn. Where necessary, any funds needed to
complete the penalty shall be deducted form the principal
remaining in the account. |
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RENEWAL POLICY |
| FIXED AND
VARIABLE CERTIFICATES |
| All
automatically renewable CDs will renew into the same type of
Certificate for the same term unless you: |
|
Notify First Star during the grace period, which is 7 days after
maturity, that you wish to redeem your Certificate, or |
|
Notify First Star prior to the original or any subsequent
maturity date, that you wish to redeem your Certificate at
maturity, or |
|
Have been sent a written notice from First Star notifying you
that First Star has decided not to renew your Certificate at
maturity. |
| You may
withdraw funds without penalty during the grace period (7
calendar days after maturity) |
| First Star
reserves the right on automatically renewable Certificates, to
change the interest rate and annual percentage yield for any
subsequent renewal period, equal to the interest rate and annual
percentage yield First Star is offering at such time for its
Certificates with like amounts and deposits. |
|
We may exchange information concerning you and
your transactions among our affiliates and companies providing
service to us. You agree to co-operate in any record keeping and
reporting, we believe is necessary to fulfill government
requirements. This Certificate may not be assigned or
transferred without consent of First Star Bank. |
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RATES INFORMATION |
| ACHIEVER
CHECKING and GOLD STAR 50 CHECKING |
| Tier 1
- If your daily balance is $999.99 or less, the interest rate
paid on the entire balance in your account will be 0%, with an
annual percentage yield of 0%. |
| Tier 2
- If your balance in $9,999.99 or less, the interest rate paid
on the entire balance in your account will be __%, with an
annual percentage yield of __%. |
| Tier 3
- If your balance in $24,999.99 or less, the interest rate paid
on the entire balance in your account will be __%, with an
annual percentage yield of __%. |
| Tier 4
- If your balance in $25,000.00 or less, the interest rate paid
on the entire balance in your account will be __%, with an
annual percentage yield of __%. |
| |
|
ACHIEVER BASIC CHECKING |
| Non-Interest
Checking |
| |
| MONEY MARKET
CHECKING |
| Tier 1
- If your daily balance is $99.99 or less, the interest rate
paid on the entire balance in your account will be 0%, with an
annual percentage yield of 0%. |
| Tier 2
- If your balance in $999.99 or less, the interest rate paid on
the entire balance in your account will be __%, with an annual
percentage yield of __%. |
| Tier 3
- If your balance in $24,999.99 or less, the interest rate paid
on the entire balance in your account will be __%, with an
annual percentage yield of __%. |
| Tier 4
- If your balance in $25,000.00 or less, the interest rate paid
on the entire balance in your account will be __%, with an
annual percentage yield of __%. |
| |
| STATEMENT
SAVINGS |
| Tier 1
- If your daily balance is $99.99 or less, the interest rate
paid on the entire balance in your account will be 0%, with an
annual percentage yield of 0%. |
| Tier 2
- If your balance in $999.99 or less, the interest rate paid on
the entire balance in your account will be __%, with an annual
percentage yield of __%. |
| Tier 3
- If your balance in $24,999.99 or less, the interest rate paid
on the entire balance in your account will be __%, with an
annual percentage yield of __%. |
| Tier 4
- If your balance in $25,000.00 or less, the interest rate paid
on the entire balance in your account will be __%, with an
annual percentage yield of __%. |
| |
| CERTIFICATE
OF DEPOSIT |
|
See our Rate Sheet for more information |
|
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|
OTHER FEES & SERVICES |
| ATM withdrawals
at foreign terminals - $1 each after 5 transactions |
| Bank Check
payable to third party - $8 |
| Closed accounts
opened less than 90 days - $10 |
| Collection
Letter - $15 |
| Copy
1098/1099/1099R - $5 |
| Copy 5498
Statement - $5 |
| Copy of Fair
Market Value IRA - $5 |
| Daily Overdraft
Fee - $5 per day |
| Dormant account
charge after 3 years inactivity - $5 per month |
| Dormant account
charge after 5 years inactivity - $75 & Escheat to State |
| Fax - Varies |
| Garnishment,
Writ of Execution, IRS Levy - $75 + fees |
| Incoming Wire -
$7.50/ Outgoing: Domestic Wire - $15/ International Wire - $40
|
| Insufficient
funds (per item including ATM, ACH, Check orders) - $30, paid
item $30 |
| Money Orders -
$4 |
| Over the
Counter Check (maximum 1 page) - $2 |
| Overdraft
Transfer fee - $5 |
| PA FIDM - $75 |
| Photocopy of
check (per item) - $5 |
| Post Dated
Check - $15 |
| Reconcilement
of Record Research (per hour) - $25 plus reproduction costs |
| Redeposit at
customers request - $20 |
| Replacement of
lost or stolen Check cards - $5 |
| Return Deposit
item (per item) - $10 |
| Returned ACH
Origination (per item) - $5 |
| Safe Deposit
Inventory - varies |
| Safe Deposit
Lost Key - $7.50 |
| Safe Deposit
Lost Keys - $100 |
| Safe Deposit
Rentals - varies |
| Sight Drafts -
$15 |
| Statement copy
- $7.50/ Interim Statement - $6 |
| Stop Payment
(all items including on-line Bill Payment) - $25 |
| Telephone
Transfer Request - $2 |
| Point of Sale
- PIN transaction, first three per
month are free, $0.75 each over the three. |
| Traveler Checks
- $1 per $100 |
|
Uncollected Funds (per item) - $15 |
|
Bank Online - Bill Payment first six (6) months FREE, $2.00 per
month |
|
"Bank Online" subscriber paper statement: $20.00 per month |
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We reserve the right to at any time require not
less than 7 days notice in writing before each withdrawal from
an interest bearing account other than a time deposit, or from
any other savings accounts as defined by the Regulation D. |
