Account Disclosures

These disclosures apply to our Checking Accounts, Savings Accounts, and CDs.

Each account type below links to specific information for that account.

Checking Account Disclosures

Below are the disclosures related to BankFive checking accounts available online. For more information or if you have any questions, please contact us at any time.

eAccess Checking

IN-BRANCH BANKING FEE OF $5.00 PER VISIT WILL BE CHARGED PER STATEMENT CYCLE.
Rate information - At our discretion, we may change the interest rates for this account. Tier 1 – If your daily balance is $1,000,000.00 or more, the interest paid on the entire balance in your account will be 0.50% with an annual percentage yield (APY) of 0.50%. Tier 2 – If your daily balance is $10.00 or more, but less than or equal to $999,999.99, the interest paid on the entire balance in your account will be 0.50% with an annual percentage yield (APY) of 0.50%. The interest rates and annual percentage yields are accurate as of 12/21/2024. If you would like more current rate and yield information, please call us at (774) 888-6100. The interest rates and annual percentage yields may change at any time.
Compounding frequency – Interest will be compounded monthly.
Crediting frequency - Interest will be credited into this account monthly.
Daily balance computation method - Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
Accrual of interest on noncash deposits - Interest will begin to accrue on the business day you deposit noncash items (for example, checks) into your account.
Minimum balance to open - The minimum balance required to open this account is $10.00.
Minimum balance to obtain the disclosed annual percentage yield - You must maintain a minimum daily balance of $10.00 in your account each day to obtain the disclosed annual percentage yield.
Deposit limitations - You may make an unlimited number of deposits into your account.
Overdraft Privilege - This account is enrolled in Overdraft Privilege, a discretionary service used to cover inadvertent overdrafts. BankFive Overdraft Privilege applies to overdrafts caused by checks, in-person withdrawals, ACH transactions, preauthorized automatic transfers, internet banking, mobile banking and telephone banking transactions. ATM and one-time debit card transactions will not be covered by this service unless you have elected to opt in to this service. For more information on transactions covered by Overdraft Privilege and associated fees, as well as information on opting in for ATM and one-time debit card transactions, or opting out of Overdraft Privilege entirely, please refer to BankFive's Overdraft Privilege Terms and Conditions.
Additional Terms - The following additional terms apply to this account:
- ATM surcharges from other institutions will be rebated up to $10.00 per statement cycle.
- Payment Order of Items - The order in which items are presented may affect the total fees assessed to your account. To assist you in avoiding overdrafts on your account with us, we are providing you with the following information regarding how we process checks, ATM withdrawals, preauthorized electronic funds transfers, one-time debit card (also referred to as point-of-sale or POS) transactions and other items presented for payment out of your account. In general we process your inclearing checks and ACH items at the beginning of each business day from lowest to highest dollar amounts. In addition, inclearing checks and ACH items may clear your account throughout the day from lowest to highest dollar amount. ATM and POS transactions are processed throughout the day as they are conducted. We reserve the right to change this order of payment without notice to you if we suspect fraud or possible illegal activity affecting your account. We commonly receive items electronically to be paid out of your account multiple times per day in what is referred to as presentment files. We can receive more than one ACH presentment file per day. Each presentment file received commonly contains a large amount of a specific type of item (check, ACH, or ATM/POS). A presentment file may contain multiple items to be paid in the order listed above. If your account is enrolled in the BankFive Overdraft Privilege Program, the order in which items are paid from your account is important. If there is not enough money in your account to pay all of the items that are presented, we may (a) return the item unpaid, or (b) pay the item in our sole discretion in accordance with the BankFive Overdraft Privilege Terms and Conditions, which would create an overdraft on your account. We encourage you to make careful records and practice good account management. This will help you to avoid writing checks, requesting withdrawals or authorizing payments without sufficient funds and incurring the resulting fees. We may charge you a fee if we return the item unpaid or pay the item on your behalf. If we do not pay the debit transaction or item on your behalf and return the debit or item, we may charge you a non-sufficient funds (NSF) fee. Pursuant to NACHA Operating Rules and Guidelines and other applicable laws, an item may be presented for payment more than one time by another party. We may charge you an NSF fee for each resubmission of an item or re-presentation of a check, which means you may incur multiple NSF fees if an item is returned more than one time. For example, if you authorize an ACH debit payment from your account with us and the ACH debit is returned for non-sufficient funds, we may charge you an NSF fee. If the same ACH debit is then re-presented to us for payment, and the ACH debit is returned for a second time for non-sufficient funds, we may charge you a second NSF fee when the ACH debit is returned for non-sufficient funds. We cannot control when another party resubmits an ACH debit or other item or re-presents a check for payment, and the other party's right to do so may be governed by the NACHA Operating Rules and Guidelines or other applicable laws.
- Fees and Charges - The following fees and charges apply to this account:
  - In-Branch Banking Fee: $5.00 per visit per statement cycle
  - Paper Statement Fee: $1.00 per statement cycle
  - Please refer to the bank's Fee Schedule for a list of fees that may be assessed on your account.

Student Checking

Interest is not paid on this account.
Account available for ages 16-24; on 25th Birthday, account will be converted to a BankFive eAccess Checking Account
Under age 18 must have parent or guardian on account if a debit card is included in the application
Minimum balance to open - The minimum balance required to open this account is $10.00.
Deposit limitations - You may make an unlimited number of deposits into your account.
Overdraft Privilege - For accountholders 18 years and older, this account is enrolled in Overdraft Privilege, a discretionary service used to cover inadvertent overdrafts. BankFive Overdraft Privilege applies to overdrafts caused by checks, in-person withdrawals, ACH transactions, preauthorized automatic transfers, internet banking, mobile banking and telephone banking transactions. ATM and one-time debit card transactions will not be covered by this service unless you have elected to opt in to this service. For more information on transactions covered by Overdraft Privilege and associated fees, as well as information on opting in for ATM and one-time debit card transactions, or opting out of Overdraft Privilege entirely, please refer to BankFive's Overdraft Privilege Terms and Conditions.
Additional Terms - The following additional terms apply to this account:
- ATM surcharges from other institutions will be rebated up to $10.00 per statement cycle.
- Payment Order of Items - The order in which items are presented may affect the total fees assessed to your account. To assist you in avoiding overdrafts on your account with us, we are providing you with the following information regarding how we process checks, ATM withdrawals, preauthorized electronic funds transfers, one-time debit card (also referred to as point-of-sale or POS) transactions and other items presented for payment out of your account. In general we process your inclearing checks and ACH items at the beginning of each business day from lowest to highest dollar amounts. In addition, inclearing checks and ACH items may clear your account throughout the day from lowest to highest dollar amount. ATM and POS transactions are processed throughout the day as they are conducted. We reserve the right to change this order of payment without notice to you if we suspect fraud or possible illegal activity affecting your account. We commonly receive items electronically to be paid out of your account multiple times per day in what is referred to as presentment files. We can receive more than one ACH presentment file per day. Each presentment file received commonly contains a large amount of a specific type of item (check, ACH, or ATM/POS). A presentment file may contain multiple items to be paid in the order listed above. If your account is enrolled in the BankFive Overdraft Privilege Program, the order in which items are paid from your account is important. If there is not enough money in your account to pay all of the items that are presented, we may (a) return the item unpaid, or (b) pay the item in our sole discretion in accordance with the BankFive Overdraft Privilege Terms and Conditions, which would create an overdraft on your account. We encourage you to make careful records and practice good account management. This will help you to avoid writing checks, requesting withdrawals or authorizing payments without sufficient funds and incurring the resulting fees. We may charge you a fee if we return the item unpaid or pay the item on your behalf. If we do not pay the debit transaction or item on your behalf and return the debit or item, we may charge you a non-sufficient funds (NSF) fee. Pursuant to NACHA Operating Rules and Guidelines and other applicable laws, an item may be presented for payment more than one time by another party. We may charge you an NSF fee for each resubmission of an item or re-presentation of a check, which means you may incur multiple NSF fees if an item is returned more than one time. For example, if you authorize an ACH debit payment from your account with us and the ACH debit is returned for non-sufficient funds, we may charge you an NSF fee. If the same ACH debit is then re-presented to us for payment, and the ACH debit is returned for a second time for non-sufficient funds, we may charge you a second NSF fee when the ACH debit is returned for non-sufficient funds. We cannot control when another party resubmits an ACH debit or other item or re-presents a check for payment, and the other party's right to do so may be governed by the NACHA Operating Rules and Guidelines or other applicable laws.
- Fees and Charges - The following fees and charges apply to this account:
  - Paper Statement Fee: $1.00 per statement cycle
  - Please refer to the bank's Fee Schedule for a list of fees that may be assessed on your account.

Free Checking

Interest is not paid on this account.
Minimum balance to open - The minimum balance required to open this account is $10.00.
Deposit limitations - You may make an unlimited number of deposits into your account.
Overdraft Privilege - This account is enrolled in Overdraft Privilege, a discretionary service used to cover inadvertent overdrafts. BankFive Overdraft Privilege applies to overdrafts caused by checks, in-person withdrawals, ACH transactions, preauthorized automatic transfers, internet banking, mobile banking and telephone banking transactions. ATM and one-time debit card transactions will not be covered by this service unless you have elected to opt in to this service. For more information on transactions covered by Overdraft Privilege and associated fees, as well as information on opting in for ATM and one-time debit card transactions, or opting out of Overdraft Privilege entirely, please refer to BankFive's Overdraft Privilege Terms and Conditions.
Fees and Charges - The following fees and charges apply to this account:
- Escheatment Fee: $50.00
- New Account Close-out fee (within 30 days of account opening): $15.00
Additional Terms - The following additional terms apply to this account:
- Payment Order of Items - The order in which items are presented may affect the total fees assessed to your account. To assist you in avoiding overdrafts on your account with us, we are providing you with the following information regarding how we process checks, ATM withdrawals, preauthorized electronic funds transfers, one-time debit card (also referred to as point-of-sale or POS) transactions and other items presented for payment out of your account. In general we process your inclearing checks and ACH items at the beginning of each business day from lowest to highest dollar amounts. In addition, inclearing checks and ACH items may clear your account throughout the day from lowest to highest dollar amount. ATM and POS transactions are processed throughout the day as they are conducted. We reserve the right to change this order of payment without notice to you if we suspect fraud or possible illegal activity affecting your account. We commonly receive items electronically to be paid out of your account multiple times per day in what is referred to as presentment files. We can receive more than one ACH presentment file per day. Each presentment file received commonly contains a large amount of a specific type of item (check, ACH, or ATM/POS). A presentment file may contain multiple items to be paid in the order listed above. If your account is enrolled in the BankFive Overdraft Privilege Program, the order in which items are paid from your account is important. If there is not enough money in your account to pay all of the items that are presented, we may (a) return the item unpaid, or (b) pay the item in our sole discretion in accordance with the BankFive Overdraft Privilege Terms and Conditions, which would create an overdraft on your account. We encourage you to make careful records and practice good account management. This will help you to avoid writing checks, requesting withdrawals or authorizing payments without sufficient funds and incurring the resulting fees. We may charge you a fee if we return the item unpaid or pay the item on your behalf. If we do not pay the debit transaction or item on your behalf and return the debit or item, we may charge you a non-sufficient funds (NSF) fee. Pursuant to NACHA Operating Rules and Guidelines and other applicable laws, an item may be presented for payment more than one time by another party. We may charge you an NSF fee for each resubmission of an item or re-presentation of a check, which means you may incur multiple NSF fees if an item is returned more than one time. For example, if you authorize an ACH debit payment from your account with us and the ACH debit is returned for non-sufficient funds, we may charge you an NSF fee. If the same ACH debit is then re-presented to us for payment, and the ACH debit is returned for a second time for non-sufficient funds, we may charge you a second NSF fee when the ACH debit is returned for non-sufficient funds. We cannot control when another party resubmits an ACH debit or other item or re-presents a check for payment, and the other party's right to do so may be governed by the NACHA Operating Rules and Guidelines or other applicable laws.
- Fees do not apply to individuals 18 years of age and under and 65 years of age and older, except for an Overdraft fee of $5.00 (when applicable). We do not impose a monthly service charge, or per check fee on this account. Stop payment, check printing, non-proprietary ATM transactions and overdraft fees, etc. will be charged in accordance with the bank's Fee Schedule.

Relationship Checking

Rate information - At our discretion, we may change the interest rate for this account. The interest rate on this account is 0.15% with an annual percentage yield of 0.15%. The interest rate and annual percentage yield are accurate as of 12/21/2024. If you would like more current rate and yield information, please call us at (774) 888-6100. The interest rate and annual percentage yield may change at any time.
Compounding frequency - Interest will be compounded monthly.
Crediting frequency - Interest will be credited into this account monthly.
Daily balance computation method - Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
Accrual of interest on noncash deposits - Interest will begin to accrue on the business day you deposit noncash items (for example, checks) into your account.
Minimum balance to open - The minimum balance required to open this account is $10.00.
Minimum balance to obtain the disclosed annual percentage yield - You must maintain a minimum balance of $100.00 in your account each day to obtain the disclosed annual percentage yield.
Minimum balance to avoid monthly maintenance fee - Your account will be charged a monthly maintenance fee of $5.00 if your combined balances (savings and loans) drop below the required minimum of $10,000 during the statement cycle.
Minimum balance to avoid a per check fee - We impose a per-check fee of $0.25 when your balance drops below the combined required minimum.
Deposit limitations - You may make an unlimited number of deposits into your account.
Overdraft Privilege - This account is enrolled in Overdraft Privilege, a discretionary service used to cover inadvertent overdrafts. BankFive Overdraft Privilege applies to overdrafts caused by checks, in-person withdrawals, ACH transactions, preauthorized automatic transfers, internet banking, mobile banking and telephone banking transactions. ATM and one-time debit card transactions will not be covered by this service unless you have elected to opt in to this service. For more information on transactions covered by Overdraft Privilege and associated fees, as well as information on opting in for ATM and one-time debit card transactions, or opting out of Overdraft Privilege entirely, please refer to BankFive's Overdraft Privilege Terms and Conditions.
Fees and Charges - The following fees and charges apply to this account:
- Please refer to the bank's Fee Schedule for a list of fees that may be assessed on your account.
Additional Terms - The following additional terms apply to this account:
- Payment Order of Items - The order in which items are presented may affect the total fees assessed to your account. To assist you in avoiding overdrafts on your account with us, we are providing you with the following information regarding how we process checks, ATM withdrawals, preauthorized electronic funds transfers, one-time debit card (also referred to as point-of-sale or POS) transactions and other items presented for payment out of your account. In general we process your inclearing checks and ACH items at the beginning of each business day from lowest to highest dollar amounts. In addition, inclearing checks and ACH items may clear your account throughout the day from lowest to highest dollar amount. ATM and POS transactions are processed throughout the day as they are conducted. We reserve the right to change this order of payment without notice to you if we suspect fraud or possible illegal activity affecting your account. We commonly receive items electronically to be paid out of your account multiple times per day in what is referred to as presentment files. We can receive more than one ACH presentment file per day. Each presentment file received commonly contains a large amount of a specific type of item (check, ACH, or ATM/POS). A presentment file may contain multiple items to be paid in the order listed above. If your account is enrolled in the BankFive Overdraft Privilege Program, the order in which items are paid from your account is important. If there is not enough money in your account to pay all of the items that are presented, we may (a) return the item unpaid, or (b) pay the item in our sole discretion in accordance with the BankFive Overdraft Privilege Terms and Conditions, which would create an overdraft on your account. We encourage you to make careful records and practice good account management. This will help you to avoid writing checks, requesting withdrawals or authorizing payments without sufficient funds and incurring the resulting fees. We may charge you a fee if we return the item unpaid or pay the item on your behalf. If we do not pay the debit transaction or item on your behalf and return the debit or item, we may charge you a non-sufficient funds (NSF) fee. Pursuant to NACHA Operating Rules and Guidelines and other applicable laws, an item may be presented for payment more than one time by another party. We may charge you an NSF fee for each resubmission of an item or re-presentation of a check, which means you may incur multiple NSF fees if an item is returned more than one time. For example, if you authorize an ACH debit payment from your account with us and the ACH debit is returned for non-sufficient funds, we may charge you an NSF fee. If the same ACH debit is then re-presented to us for payment, and the ACH debit is returned for a second time for non-sufficient funds, we may charge you a second NSF fee when the ACH debit is returned for non-sufficient funds. We cannot control when another party resubmits an ACH debit or other item or re-presents a check for payment, and the other party's right to do so may be governed by the NACHA Operating Rules and Guidelines or other applicable laws.

Savings Account Disclosures

Below are the disclosures related to BankFive savings accounts available online. For more information or if you have any questions, please contact us at any time.

eAccess Savings

IN-BRANCH BANKING FEE OF $5.00 PER VISIT WILL BE CHARGED PER STATEMENT CYCLE.
Rate information - At our discretion, we may change the interest rate for this account. The interest rate on this account is 0.60% with an annual percentage yield (APY) 0.60%. The interest rate and annual percentage yield are accurate as of 12/21/2024. If you would like more current rate and yield information, please call us at (774) 888-6100. The interest rates and annual percentage yields may change at any time.
Compounding frequency - Interest will be compounded monthly.
Crediting frequency - Interest will be credited into this account monthly.
Daily balance computation method - Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
Accrual of interest on noncash deposits - Interest will begin to accrue on the business day you deposit noncash items (for example, checks) into your account.
Minimum balance to open - The minimum balance required to open this account is $10.00.
Minimum balance to obtain the disclosed annual percentage yield - You must maintain a minimum daily balance of $10.00 in your account each day to obtain the disclosed annual percentage yield.
Deposit limitations - You may make an unlimited number of deposits into your account.
Additional Terms - The following additional terms apply to this account:
- Payment Order of Items - The order in which items are presented may affect the total fees assessed to your account. To assist you in avoiding overdrafts on your account with us, we are providing you with the following information regarding how we process checks, ATM withdrawals, preauthorized electronic funds transfers, one-time debit card (also referred to as point-of-sale or POS) transactions and other items presented for payment out of your account. In general we process your inclearing checks and ACH items at the beginning of each business day from lowest to highest dollar amounts. In addition, inclearing checks and ACH items may clear your account throughout the day from lowest to highest dollar amount. ATM and POS transactions are processed throughout the day as they are conducted. We reserve the right to change this order of payment without notice to you if we suspect fraud or possible illegal activity affecting your account. We commonly receive items electronically to be paid out of your account multiple times per day in what is referred to as presentment files. We can receive more than one ACH presentment file per day. Each presentment file received commonly contains a large amount of a specific type of item (check, ACH, or ATM/POS). A presentment file may contain multiple items to be paid in the order listed above. We may charge you a fee if we return the item unpaid or pay the item on your behalf. If we do not pay the debit transaction or item on your behalf and return the debit or item, we may charge you a non-sufficient funds (NSF) fee. Pursuant to NACHA Operating Rules and Guidelines and other applicable laws, an item may be presented for payment more than one time by another party. We may charge you an NSF fee for each resubmission of an item or re-presentation of a check, which means you may incur multiple NSF fees if an item is returned more than one time. For example, if you authorize an ACH debit payment from your account with us and the ACH debit is returned for non-sufficient funds, we may charge you an NSF fee. If the same ACH debit is then re-presented to us for payment, and the ACH debit is returned for a second time for non-sufficient funds, we may charge you a second NSF fee when the ACH debit is returned for non-sufficient funds. We cannot control when another party resubmits an ACH debit or other item or re-presents a check for payment, and the other party's right to do so may be governed by the NACHA Operating Rules and Guidelines or other applicable laws.
- Fees and Charges - The following fees and charges apply to this account:
  - In-Branch Banking Fee: $5.00 per visit per statement cycle
  - Paper Statement Fee: $1.00 per statement cycle
  - Please refer to the bank's Fee Schedule for a list of fees that may be assessed on your account.

Student Savings

Rate information - At our discretion, we may change the interest rates for this account. The interest rate on this account is 0.05% with an annual percentage yield (APY) of 0.05%. The interest rate and annual percentage yield are accurate as of 12/21/2024. If you would like more current rate and yield information, please call us at (774) 888-6100. The interest rates and annual percentage yields may change at any time.
Compounding frequency - Interest will be compounded monthly.
Crediting frequency - Interest will be credited into this account monthly.
Daily balance computation method - Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
Accrual of interest on noncash deposits - Interest will begin to accrue on the business day you deposit noncash items (for example, checks) into your account.
Minimum balance to open - The minimum balance required to open this account is $10.00.
Minimum balance to obtain the disclosed annual percentage yield - You must maintain a minimum daily balance of $10.00 in your account each day to obtain the disclosed annual percentage yield.
Deposit limitations - You may make an unlimited number of deposits into your account.
Account available for ages 16-24; on 25th Birthday, account will be converted to BankFive eAccess Savings Account
Additional Terms - The following additional terms apply to this account:
- Payment Order of Items - The order in which items are presented may affect the total fees assessed to your account. To assist you in avoiding overdrafts on your account with us, we are providing you with the following information regarding how we process checks, ATM withdrawals, preauthorized electronic funds transfers, one-time debit card (also referred to as point-of-sale or POS) transactions and other items presented for payment out of your account. In general we process your inclearing checks and ACH items at the beginning of each business day from lowest to highest dollar amounts. In addition, inclearing checks and ACH items may clear your account throughout the day from lowest to highest dollar amount. ATM and POS transactions are processed throughout the day as they are conducted. We reserve the right to change this order of payment without notice to you if we suspect fraud or possible illegal activity affecting your account. We commonly receive items electronically to be paid out of your account multiple times per day in what is referred to as presentment files. We can receive more than one ACH presentment file per day. Each presentment file received commonly contains a large amount of a specific type of item (check, ACH, or ATM/POS). A presentment file may contain multiple items to be paid in the order listed above. We may charge you a fee if we return the item unpaid or pay the item on your behalf. If we do not pay the debit transaction or item on your behalf and return the debit or item, we may charge you a non-sufficient funds (NSF) fee. Pursuant to NACHA Operating Rules and Guidelines and other applicable laws, an item may be presented for payment more than one time by another party. We may charge you an NSF fee for each resubmission of an item or re-presentation of a check, which means you may incur multiple NSF fees if an item is returned more than one time. For example, if you authorize an ACH debit payment from your account with us and the ACH debit is returned for non-sufficient funds, we may charge you an NSF fee. If the same ACH debit is then re-presented to us for payment, and the ACH debit is returned for a second time for non-sufficient funds, we may charge you a second NSF fee when the ACH debit is returned for non-sufficient funds. We cannot control when another party resubmits an ACH debit or other item or re-presents a check for payment, and the other party's right to do so may be governed by the NACHA Operating Rules and Guidelines or other applicable laws.
- Fees and Charges - The following fees and charges apply to this account:
  - Paper Statement Fee: $1.00 per statement cycle
  - Please refer to the bank's Fee Schedule for a list of fees that may be assessed on your account.

Statement Savings

Rate information - At our discretion, we may change the interest rate for this account. The interest rate on this account is 0.05% with an annual percentage yield of 0.05%. The interest rate and annual percentage yield are accurate as of 12/21/2024. If you would like more current rate and yield information, please call us at (774) 888-6100. The interest rate and annual percentage yield may change at any time.
Compounding frequency - Interest will be compounded monthly.
Crediting frequency - Interest will be credited into this account monthly.
Daily balance computation method - Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
Accrual of interest on noncash deposits - Interest will begin to accrue on the business day you deposit noncash items (for example, checks) into your account.
Minimum balance to open - The minimum balance required to open this account is $10.00.
Minimum balance to obtain the disclosed annual percentage yield - You must maintain a minimum daily balance of $100.00 in your account each day to obtain the disclosed annual percentage yield.
Minimum balance to avoid a fee - You must maintain a minimum daily balance of $10.00 in your account to avoid a fee. If your balance falls below $10.00 on any day in the statement cycle, your account will be subject to a $1.00 minimum balance requirement fee for that statement cycle.
Deposit limitations - You may make an unlimited number of deposits into your account.
Fees and Charges - The following fees and charges apply to this account:
- Escheatment Fee: $50.00
- New Account Close-Out Fee (within 30 days of account opening): $15.00.
Additional Terms - The following additional terms apply to this account:
- Fees do not apply to individuals 18 years of age and under and 65 years of age and over, except for an Overdraft fee of $5.00 (when applicable). Fees may reduce earnings. Please refer to the bank's Fee Schedule.
- Payment Order of Items - The order in which items are presented may affect the total fees assessed to your account. To assist you in avoiding overdrafts on your account with us, we are providing you with the following information regarding how we process checks, ATM withdrawals, preauthorized electronic funds transfers, one-time debit card (also referred to as point-of-sale or POS) transactions and other items presented for payment out of your account. In general we process your inclearing checks and ACH items at the beginning of each business day from lowest to highest dollar amounts. In addition, inclearing checks and ACH items may clear your account throughout the day from lowest to highest dollar amount. ATM and POS transactions are processed throughout the day as they are conducted. We reserve the right to change this order of payment without notice to you if we suspect fraud or possible illegal activity affecting your account. We commonly receive items electronically to be paid out of your account multiple times per day in what is referred to as presentment files. We can receive more than one ACH presentment file per day. Each presentment file received commonly contains a large amount of a specific type of item (check, ACH, or ATM/POS). A presentment file may contain multiple items to be paid in the order listed above. We may charge you a fee if we return the item unpaid or pay the item on your behalf. If we do not pay the debit transaction or item on your behalf and return the debit or item, we may charge you a non-sufficient funds (NSF) fee. Pursuant to NACHA Operating Rules and Guidelines and other applicable laws, an item may be presented for payment more than one time by another party. We may charge you an NSF fee for each resubmission of an item or re-presentation of a check, which means you may incur multiple NSF fees if an item is returned more than one time. For example, if you authorize an ACH debit payment from your account with us and the ACH debit is returned for non-sufficient funds, we may charge you an NSF fee. If the same ACH debit is then re-presented to us for payment, and the ACH debit is returned for a second time for non-sufficient funds, we may charge you a second NSF fee when the ACH debit is returned for non-sufficient funds. We cannot control when another party resubmits an ACH debit or other item or re-presents a check for payment, and the other party's right to do so may be governed by the NACHA Operating Rules and Guidelines or other applicable laws.

High Option Money Market

Rate information - At our discretion, we may change the interest rates for this account. Tier 1 - If your daily balance is $50,000.00 or more, the interest rate paid on the entire balance in your account will be 0.15% with an annual percentage yield (APY) of 0.15%. Tier 2 - If your daily balance is $25,000.00 or more, but less than or equal to $49,999.99, the interest rate paid on the entire balance in your account will be 0.10% with an annual percentage yield (APY) of 0.10%. Tier 3 - If your daily balance is $5,000.00 or more, but less than or equal to $24,999.99, the interest rate paid on the entire balance in your account will be 0.10% with an annual percentage yield (APY) of 0.10%. Tier 4 - If your daily balance is $100.00 or more, but less than or equal to $4,999.99, the interest rate paid on the entire balance in your account will be 0.10% with an annual percentage yield (APY) of 0.10%. The interest rates and annual percentage yields are accurate as of 12/21/2024. If you would like more current rate and yield information, please call us at (774) 888-6100. The interest rates and annual percentage yields may change at any time.
Compounding frequency - Interest will be compounded monthly.
Crediting frequency - Interest will be credited into this account monthly.
Daily balance computation method - Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
Accrual of interest on noncash deposits - Interest will begin to accrue on the business day you deposit noncash items (for example, checks) into your account.
Minimum balance to open - The minimum balance required to open this account is $100.00.
Minimum balance to obtain the disclosed annual percentage yield - You must maintain a minimum daily balance of $100.00 in your account each day to obtain the disclosed annual percentage yield.
Deposit limitations - You may make an unlimited number of deposits into your account.
Fees and Charges - The following fees and charges apply to this account:
- Escheatment Fee: $50.00
- New Account Close-out Fee (within 30 days of account opening): $15.00
Additional Terms - The following additional terms apply to this account:
- Payment Order of Items - The order in which items are presented may affect the total fees assessed to your account. To assist you in avoiding overdrafts on your account with us, we are providing you with the following information regarding how we process checks, ATM withdrawals, preauthorized electronic funds transfers, one-time debit card (also referred to as point-of-sale or POS) transactions and other items presented for payment out of your account. In general we process your inclearing checks and ACH items at the beginning of each business day from lowest to highest dollar amounts. In addition, inclearing checks and ACH items may clear your account throughout the day from lowest to highest dollar amount. ATM and POS transactions are processed throughout the day as they are conducted. We reserve the right to change this order of payment without notice to you if we suspect fraud or possible illegal activity affecting your account. We commonly receive items electronically to be paid out of your account multiple times per day in what is referred to as presentment files. We can receive more than one ACH presentment file per day. Each presentment file received commonly contains a large amount of a specific type of item (check, ACH, or ATM/POS). A presentment file may contain multiple items to be paid in the order listed above. We may charge you a fee if we return the item unpaid or pay the item on your behalf. If we do not pay the debit transaction or item on your behalf and return the debit or item, we may charge you a non-sufficient funds (NSF) fee. Pursuant to NACHA Operating Rules and Guidelines and other applicable laws, an item may be presented for payment more than one time by another party. We may charge you an NSF fee for each resubmission of an item or re-presentation of a check, which means you may incur multiple NSF fees if an item is returned more than one time. For example, if you authorize an ACH debit payment from your account with us and the ACH debit is returned for non-sufficient funds, we may charge you an NSF fee. If the same ACH debit is then re-presented to us for payment, and the ACH debit is returned for a second time for non-sufficient funds, we may charge you a second NSF fee when the ACH debit is returned for non-sufficient funds. We cannot control when another party resubmits an ACH debit or other item or re-presents a check for payment, and the other party's right to do so may be governed by the NACHA Operating Rules and Guidelines or other applicable laws.
- Fees may reduce earnings. Please refer to the bank's Fee Schedule.

Lucky Piggy Savings

Rate information - At our discretion, we may change the interest rates for this account. The interest rate on this account is 0.05% with an annual percentage yield of 0.05%. The interest rate and annual percentage yield are accurate as of 12/21/2024. If you would like more current rate and yield information, please call us at (774) 888-6100. The interest rate and annual percentage yield may change at any time.
Compounding frequency - Interest will be compounded monthly.
Crediting frequency - Interest will be credited into this account monthly.
Daily balance computation method - Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
Accrual of interest on noncash deposits - Interest will begin to accrue on the business day you deposit noncash items (for example, checks) into your account.
Minimum balance to open - The minimum balance required to open this account is $25.00.
Minimum balance to obtain the disclosed annual percentage yield - You must maintain a minimum daily balance of $25.00 in your account each day to obtain the disclosed annual percentage yield.
Deposit limitations - You may make an unlimited number of deposits into your account.
Withdrawal limitations - One penalty-free withdrawal per month, second and third withdrawals will be subject to the withdrawal service charge listed in the "Fees and Charges" section below. Upon the fourth withdrawal, the account will no longer be eligible for that month's drawing as described below under the heading "Bonus - Drawing". Withdrawals are limited to in-person, over-the-counter withdrawals. No ATM/Debit Card access.
Bonus - Drawing - Customers receive one (1) entry per drawing for each $25 increase in the monthly balance in the account (excluding the amount of any monthly or annual prize awarded hereunder). Monthly prize is one (1) $1,000 cash prize drawn each month. Annual prize is one (1) $1,000 cash prize drawn in January each year. Prize will be deposited into the winning customer's account within 10 calendar days after the drawing and is subject to state and federal income tax reporting requirements. The winning account holder will be notified by email and phone. If the winner cannot be reached via the phone number or email address within 5 business days, a disqualification will result and an alternate winner will be drawn.
Fees and Charges - The following fees and charges apply to this account:
- Withdrawal Service Charge: One penalty-fee withdrawal per month, $5.00 withdrawal service charge for second and third withdrawals.
- Paper Statement Fee: $1.00 per statement cycle
- Please refer to the bank's Fee Schedule for a list of fees that may be assessed on your account.
Additional Terms - The following additional terms apply to this account:
- Participants must be at least 18 years old and a legal resident of Massachusetts. One account per primary tax identification number; one signer per account. Drawing limited to one (1) monthly prize per account holder and one (1) annual prize per account holder. An account holder can win both a monthly and the annual prize per year. Account must be open and meet minimum balance requirements at time of drawing to be eligible for monthly and annual prizes. Drawings will be held within 10 calendar days following month or year-end. If account is closed for any reason, customer is ineligible for another account. Winner must sign a release in a form satisfactory to BankFive allowing BankFive to use his/her name and likeness on promotional and other materials including social media. eStatements are included with account. Online Banking access requires account holder to consent to receive eStatements.
- Payment Order of Items - The order in which items are presented may affect the total fees assessed to your account. To assist you in avoiding overdrafts on your account with us, we are providing you with the following information regarding how we process checks, ATM withdrawals, preauthorized electronic funds transfers, one-time debit card (also referred to as point-of-sale or POS) transactions and other items presented for payment out of your account. In general we process your inclearing checks and ACH items at the beginning of each business day from lowest to highest dollar amounts. In addition, inclearing checks and ACH items may clear your account throughout the day from lowest to highest dollar amount. ATM and POS transactions are processed throughout the day as they are conducted. We reserve the right to change this order of payment without notice to you if we suspect fraud or possible illegal activity affecting your account. We commonly receive items electronically to be paid out of your account multiple times per day in what is referred to as presentment files. We can receive more than one ACH presentment file per day. Each presentment file received commonly contains a large amount of a specific type of item (check, ACH, or ATM/POS). A presentment file may contain multiple items to be paid in the order listed above. We may charge you a fee if we return the item unpaid or pay the item on your behalf. If we do not pay the debit transaction or item on your behalf and return the debit or item, we may charge you a non-sufficient funds (NSF) fee. Pursuant to NACHA Operating Rules and Guidelines and other applicable laws, an item may be presented for payment more than one time by another party. We may charge you an NSF fee for each resubmission of an item or re-presentation of a check, which means you may incur multiple NSF fees if an item is returned more than one time. For example, if you authorize an ACH debit payment from your account with us and the ACH debit is returned for non-sufficient funds, we may charge you an NSF fee. If the same ACH debit is then re-presented to us for payment, and the ACH debit is returned for a second time for non-sufficient funds, we may charge you a second NSF fee when the ACH debit is returned for non-sufficient funds. We cannot control when another party resubmits an ACH debit or other item or re-presents a check for payment, and the other party's right to do so may be governed by the NACHA Operating Rules and Guidelines or other applicable laws.

Certificate of Deposit Disclosures

Below are the disclosures related to BankFive Certificates of Deposits available online. For more information or if you have any questions, please contact us at any time.

6 Month CD

Rate information - The interest rate on this account is 0.25% with an annual percentage yield of 0.25%. The interest rate and annual percentage yield are accurate as of 12/21/2024. If you would like more current rate and yield information, please call us at (774) 888-6100. You will be paid this rate until next maturity.
Compounding frequency - Interest will be compounded monthly.
Crediting frequency - Interest will be credited into this account monthly.
Time requirements - This account matures 6 months after account opening.
Early withdrawals - The penalty we may impose will equal 30 days interest on the principal amount withdrawn. For variable rate accounts, the rate we will use to calculate this penalty will be the rate in effect at the time of withdrawal. 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.
Withdrawal of interest prior to maturity - The annual percentage yield is based on an assumption that interest will remain in the account until maturity. A withdrawal will reduce earnings.
Automatically renewable account - Your account will automatically renew at maturity. Each renewal term will be the same as the original term, beginning on the maturity date. Unless we tell you otherwise in writing, the interest rate will be the same we offer on new certificate of deposit accounts on the maturity date which have the same term, minimum balance (if any) and other features as the renewed certificate of deposit account. You will have a grace period of ten calendar day(s) after maturity to withdraw the funds without being charged an early withdrawal penalty. You may prevent renewal if you withdraw the funds in the account at maturity (or within the grace period, if any).
Final maturity - If your account is not renewed, the funds in your account will be placed in an interest-bearing account.
Daily balance computation method - Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
Accrual of interest on noncash deposits - Interest will begin to accrue on the business day you deposit noncash items (for example, checks) into your account.
Minimum balance to open - The minimum balance required to open this account is $500.00.
Minimum balance to obtain the disclosed annual percentage yield - You must maintain a minimum daily balance of $500.00 in your account each day to obtain the disclosed annual percentage yield.
Deposit limitations - After the account is opened, you may not make any deposits.
Withdrawal limitations - You may make withdrawals of principal from your account before maturity. Principal withdrawn before maturity is included in the amount subject to early withdrawal penalty. You can only withdraw interest credited in the term before maturity of that term without penalty. You can withdraw interest anytime during the term after it is credited to your account.
Fees and Charges - The following fees and charges apply to this account:
- Escheatment Fee: $50.00
- Close-out Fee (prior to maturity date): $30.00
Additional Terms - The following additional terms apply to this account:
- Fees may reduce earnings. Please refer to the bank's Fee Schedule.

11 Month CD

Rate information - The interest rate on this account is 1.74% with an annual percentage yield of 1.75%. The interest rate and annual percentage yield are accurate as of 12/21/2024. If you would like more current rate and yield information, please call us at (774) 888-6100. You will be paid this rate until next maturity.
Compounding frequency - Interest will be compounded monthly.
Crediting frequency - Interest will be credited into this account monthly.
Time requirements - This account matures 11 months after account opening.
Early withdrawals - The penalty we may impose will equal 90 days interest on the principal amount withdrawn. For variable rate accounts, the rate we will use to calculate this penalty will be the rate in effect at the time of withdrawal. 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.
Withdrawal of interest prior to maturity - The annual percentage yield is based on an assumption that interest will remain in the account until maturity. A withdrawal will reduce earnings.
Automatically renewable account - Your account will automatically renew at maturity. This CD will renew into a 9 Month CD. Unless we tell you otherwise in writing, the interest rate will be the same we offer on new certificate of deposit accounts on the maturity date which have the same term, minimum balance (if any) and other features as the renewed certificate of deposit account. You will have a grace period of ten calendar day(s) after maturity to withdraw the funds without being charged an early withdrawal penalty. You may prevent renewal if you withdraw the funds in the account at maturity (or within the grace period, if any).
Final maturity - If your account is not renewed, the funds in your account will be placed in an interest-bearing account.
Daily balance computation method - Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
Accrual of interest on noncash deposits - Interest will begin to accrue on the business day you deposit noncash items (for example, checks) into your account.
Minimum balance to open - The minimum balance required to open this account is $500.00.
Minimum balance to obtain the disclosed annual percentage yield - You must maintain a minimum daily balance of $500.00 in your account each day to obtain the disclosed annual percentage yield.
Deposit limitations - After the account is opened, you may not make any deposits.
Withdrawal limitations - You may make withdrawals of principal from your account before maturity. Principal withdrawn before maturity is included in the amount subject to early withdrawal penalty. You can only withdraw interest credited in the term before maturity of that term without penalty. You can withdraw interest anytime during the term after it is credited to your account.
Fees and Charges - The following fees and charges apply to this account:
- Close-out Fee (prior to maturity date): $30.00
Additional Terms - The following additional terms apply to this account:
- Fees may reduce earnings. Please refer to the bank's Fee Schedule.

1 Year CD

Rate information - The interest rate on this account is 0.35% with an annual percentage yield of 0.35%. The interest rate(s) and annual percentage yield(s) are accurate as of 12/21/2024. If you would like more current rate and yield information, please call us at (774) 888-6100. You will be paid this rate until next maturity.
Compounding frequency - Interest will be compounded monthly.
Crediting frequency - Interest will be credited into this account monthly.
Time requirements - This account matures 1 year after account opening.
Early withdrawals - The penalty we may impose will equal 90 days interest on the principal amount withdrawn. For variable rate accounts, the rate we will use to calculate this penalty will be the rate in effect at the time of withdrawal. 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.
Withdrawal of interest prior to maturity - The annual percentage yield is based on an assumption that interest will remain in the account until maturity. A withdrawal will reduce earnings.
Automatically renewable account - Your account will automatically renew at maturity. Each renewal term will be the same as the original term, beginning on the maturity date. Unless we tell you otherwise in writing, the interest rate will be the same we offer on new certificate of deposit accounts on the maturity date which have the same term, minimum balance (if any) and other features as the renewed certificate of deposit account. You will have a grace period of ten calendar day(s) after maturity to withdraw the funds without being charged an early withdrawal penalty. You may prevent renewal if you withdraw the funds in the account at maturity (or within the grace period, if any).
Final maturity - If your account is not renewed, the funds in your account will be placed in an interest-bearing account.
Daily balance computation method - Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
Accrual of interest on noncash deposits - Interest will begin to accrue on the business day you deposit noncash items (for example, checks) into your account.
Minimum balance to open - The minimum balance required to open this account is $500.00.
Minimum balance to obtain the disclosed annual percentage yield - You must maintain a minimum daily balance of $500.00 in your account each day to obtain the disclosed annual percentage yield.
Deposit limitations - After the account is opened, you may not make any deposits.
Withdrawal limitations - You may make withdrawals of principal from your account before maturity. Principal withdrawn before maturity is included in the amount subject to early withdrawal penalty. You can only withdraw interest credited in the term before maturity of that term without penalty. You can withdraw interest anytime during the term after it is credited to your account.
Fees and Charges - The following fees and charges apply to this account:
- Escheatment Fee: $50.00
- Close-out Fee (prior to maturity date): $30.00
Additional Terms - The following additional terms apply to this account:
- Fees may reduce earnings. Please refer to the bank's Fee Schedule.

15 Month CD

Rate information - The interest rate on this account is 1.75% with an annual percentage yield of 1.75%. The interest rate(s) and annual percentage yield(s) are accurate as of 12/21/2024. If you would like more current rate and yield information, please call us at (774) 888-6100. You will be paid this rate until next maturity.
Compounding frequency - Interest will be compounded monthly.
Crediting frequency - Interest will be credited into this account monthly.
Time requirements - This account matures 15 months after account opening.
Early withdrawals - The penalty we may impose will equal 180 days interest on the principal amount withdrawn. For variable rate accounts, the rate we will use to calculate this penalty will be the rate in effect at the time of withdrawal. 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.
Withdrawal of interest prior to maturity - The annual percentage yield is based on an assumption that interest will remain in the account until maturity. A withdrawal will reduce earnings.
Automatically renewable account - Your account will automatically renew at maturity. Each renewal term will be the same as the original term, beginning on the maturity date. Unless we tell you otherwise in writing, the interest rate will be the same we offer on new certificate of deposit accounts on the maturity date which have the same term, minimum balance (if any) and other features as the renewed certificate of deposit account. You will have a grace period of ten calendar day(s) after maturity to withdraw the funds without being charged an early withdrawal penalty. You may prevent renewal if you withdraw the funds in the account at maturity (or within the grace period, if any).
Final maturity - If your account is not renewed, the funds in your account will be placed in an interest-bearing account.
Daily balance computation method - Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
Accrual of interest on noncash deposits - Interest will begin to accrue on the business day you deposit noncash items (for example, checks) into your account.
Minimum balance to open - The minimum balance required to open this account is $500.00.
Minimum balance to obtain the disclosed annual percentage yield - You must maintain a minimum daily balance of $500.00 in your account each day to obtain the disclosed annual percentage yield.
Deposit limitations - After the account is opened, you may not make any deposits.
Withdrawal limitations - You may make withdrawals of principal from your account before maturity. Principal withdrawn before maturity is included in the amount subject to early withdrawal penalty. You can only withdraw interest credited in the term before maturity of that term without penalty. You can withdraw interest anytime during the term after it is credited to your account.
Fees and Charges - The following fees and charges apply to this account:
- Escheatment Fee: $50.00
- Close-out Fee (prior to maturity date): $30.00
Additional Terms - The following additional terms apply to this account:
- Fees may reduce earnings. Please refer to the bank's Fee Schedule.

18 Month CD

Rate information - The interest rate on this account is 0.35% with an annual percentage yield of 0.35%. The interest rate(s) and annual percentage yield(s) are accurate as of 12/21/2024. If you would like more current rate and yield information, please call us at (774) 888-6100. You will be paid this rate until next maturity.
Compounding frequency - Interest will be compounded monthly.
Crediting frequency - Interest will be credited into this account monthly.
Time requirements - This account matures 18 months after account opening.
Early withdrawals - The penalty we may impose will equal 180 days interest on the principal amount withdrawn. For variable rate accounts, the rate we will use to calculate this penalty will be the rate in effect at the time of withdrawal. 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.
Withdrawal of interest prior to maturity - The annual percentage yield is based on an assumption that interest will remain in the account until maturity. A withdrawal will reduce earnings.
Automatically renewable account - Your account will automatically renew at maturity. Each renewal term will be the same as the original term, beginning on the maturity date. Unless we tell you otherwise in writing, the interest rate will be the same we offer on new certificate of deposit accounts on the maturity date which have the same term, minimum balance (if any) and other features as the renewed certificate of deposit account. You will have a grace period of ten calendar day(s) after maturity to withdraw the funds without being charged an early withdrawal penalty. You may prevent renewal if you withdraw the funds in the account at maturity (or within the grace period, if any).
Final maturity - If your account is not renewed, the funds in your account will be placed in an interest-bearing account.
Daily balance computation method - Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
Accrual of interest on noncash deposits - Interest will begin to accrue on the business day you deposit noncash items (for example, checks) into your account.
Minimum balance to open - The minimum balance required to open this account is $500.00.
Minimum balance to obtain the disclosed annual percentage yield - You must maintain a minimum daily balance of $500.00 in your account each day to obtain the disclosed annual percentage yield.
Deposit limitations - After the account is opened, you may not make any deposits.
Withdrawal limitations - You may make withdrawals of principal from your account before maturity. Principal withdrawn before maturity is included in the amount subject to early withdrawal penalty. You can only withdraw interest credited in the term before maturity of that term without penalty. You can withdraw interest anytime during the term after it is credited to your account.
Fees and Charges - The following fees and charges apply to this account:
- Escheatment Fee: $50.00
- Close-out Fee (prior to maturity date): $30.00
Additional Terms - The following additional terms apply to this account:
- Fees may reduce earnings. Please refer to the bank's Fee Schedule.

2 Year Investment CD

Rate information - The interest rate on this account is 2.96% with an annual percentage yield of 3.00%. The interest rate(s) and annual percentage yield(s) are accurate as of 12/21/2024. If you would like more current rate and yield information, please call us at (774) 888-6100. You will be paid this rate until next maturity.
Compounding frequency - Interest will be compounded monthly.
Crediting frequency - Interest will be credited into this account monthly.
Time requirements - This account matures 2 years after account opening.
Early withdrawals - The penalty we may impose will equal 180 days interest on the principal amount withdrawn. For variable rate accounts, the rate we will use to calculate this penalty will be the rate in effect at the time of withdrawal. 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.
Withdrawal of interest prior to maturity - The annual percentage yield is based on an assumption that interest will remain in the account until maturity. A withdrawal will reduce earnings.
Automatically renewable account - Your account will automatically renew at maturity. Each renewal term will be the same as the original term, beginning on the maturity date. Unless we tell you otherwise in writing, the interest rate will be the same we offer on new certificate of deposit accounts on the maturity date which have the same term, minimum balance (if any) and other features as the renewed certificate of deposit account. You will have a grace period of ten calendar day(s) after maturity to withdraw the funds without being charged an early withdrawal penalty. You may prevent renewal if you withdraw the funds in the account at maturity (or within the grace period, if any).
Final maturity - If your account is not renewed, the funds in your account will be placed in an interest-bearing account.
Daily balance computation method - Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
Accrual of interest on noncash deposits - Interest will begin to accrue on the business day you deposit noncash items (for example, checks) into your account.
Minimum balance to open - The minimum balance required to open this account is $100.00.
Minimum balance to obtain the disclosed annual percentage yield - You must maintain a minimum daily balance of $100.00 in your account each day to obtain the disclosed annual percentage yield.
Deposit limitations - You may make an unlimited number of deposits into your account.
Effect on maturity - The maturity date for this account will remain the same after additional deposits.
Withdrawal limitations - You may make withdrawals of principal from your account before maturity. Principal withdrawn before maturity is included in the amount subject to early withdrawal penalty. You can only withdraw interest credited in the term before maturity of that term without penalty. You can withdraw interest anytime during the term after it is credited to your account.
Fees and Charges - The following fees and charges apply to this account:
- Escheatment Fee: $50.00
- Close-out Fee prior to maturity date: $30.00
Additional Terms - The following additional terms apply to this account:
- Fees may reduce earnings. Please refer to the bank's Fee Schedule.

30 Month Bump-Up CD

Rate information - The interest rate on this account is 0.45% with an annual percentage yield of 0.45%. The interest rate(s) and annual percentage yield(s) are accurate as of 12/21/2024. If you would like more current rate and yield information, please call us at (774) 888-6100. You will be paid this rate until next maturity.
Additional rate information - For balances of more than $1,000,000.00, interest will not be paid. Rate increase may be requested one time during the 30 month term based on our current 30-month. Increased rate will apply to remaining term.
Compounding frequency - Interest will be compounded monthly.
Crediting frequency - Interest will be credited into this account monthly.
Time requirements - This account matures 30 months after account opening.
Early withdrawals - The penalty we may impose will equal 180 days interest on the principal amount withdrawn. For variable rate accounts, the rate we will use to calculate this penalty will be the rate in effect at the time of withdrawal. 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.
Withdrawal of interest prior to maturity - The annual percentage yield is based on an assumption that interest will remain in the account until maturity. A withdrawal will reduce earnings.
Automatically renewable account - Your account will automatically renew at maturity. Each renewal term will be the same as the original term, beginning on the maturity date. Unless we tell you otherwise in writing, the interest rate will be the same we offer on new certificate of deposit accounts on the maturity date which have the same term, minimum balance (if any) and other features as the renewed certificate of deposit account. You will have a grace period of ten calendar day(s) after maturity to withdraw the funds without being charged an early withdrawal penalty. You may prevent renewal if you withdraw the funds in the account at maturity (or within the grace period, if any).
Final maturity - If your account is not renewed, the funds in your account will be placed in an interest-bearing account.
Daily balance computation method - Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
Accrual of interest on noncash deposits - Interest will begin to accrue on the business day you deposit noncash items (for example, checks) into your account.
Minimum balance to open - The minimum balance required to open this account is $500.00.
Minimum balance to obtain the disclosed annual percentage yield - You must maintain a minimum daily balance of $500.00 in your account each day to obtain the disclosed annual percentage yield.
Deposit limitations - After the account is opened, you may not make any deposits.
Withdrawal limitations - You may make withdrawals of principal from your account before maturity. Principal withdrawn before maturity is included in the amount subject to early withdrawal penalty. You can only withdraw interest credited in the term before maturity of that term without penalty. You can withdraw interest anytime during the term after it is credited to your account.
Fees and Charges - The following fees and charges apply to this account:
- Escheatment Fee: $50.00
- Close-out Fee prior to maturity date: $30.00
Additional Terms - The following additional terms apply to this account:
- Fees may reduce earnings. Please refer to the bank's Fee Schedule.

3 Year CD

Rate information - The interest rate on this account is 0.75% with an annual percentage yield of 0.75%. The interest rate(s) and annual percentage yield(s) are accurate as of 12/21/2024. If you would like more current rate and yield information, please call us at (774) 888-6100. You will be paid this rate until next maturity.
Compounding frequency - Interest will be compounded monthly.
Crediting frequency - Interest will be credited into this account monthly.
Time requirements - This account matures 3 years after account opening.
Early withdrawals - The penalty we may impose will equal 180 days interest on the principal amount withdrawn. For variable rate accounts, the rate we will use to calculate this penalty will be the rate in effect at the time of withdrawal. 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.
Withdrawal of interest prior to maturity - The annual percentage yield is based on an assumption that interest will remain in the account until maturity. A withdrawal will reduce earnings.
Automatically renewable account - Your account will automatically renew at maturity. Each renewal term will be the same as the original term, beginning on the maturity date. Unless we tell you otherwise in writing, the interest rate will be the same we offer on new certificate of deposit accounts on the maturity date which have the same term, minimum balance (if any) and other features as the renewed certificate of deposit account. You will have a grace period of ten calendar day(s) after maturity to withdraw the funds without being charged an early withdrawal penalty. You may prevent renewal if you withdraw the funds in the account at maturity (or within the grace period, if any).
Final maturity - If your account is not renewed, the funds in your account will be placed in an interest-bearing account.
Daily balance computation method - Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
Accrual of interest on noncash deposits - Interest will begin to accrue on the business day you deposit noncash items (for example, checks) into your account.
Minimum balance to open - The minimum balance required to open this account is $500.00.
Minimum balance to obtain the disclosed annual percentage yield - You must maintain a minimum daily balance of $500.00 in your account each day to obtain the disclosed annual percentage yield.
Deposit limitations - After the account is opened, you may not make any deposits.
Withdrawal limitations - You may make withdrawals of principal from your account before maturity. Principal withdrawn before maturity is included in the amount subject to early withdrawal penalty. You can only withdraw interest credited in the term before maturity of that term without penalty. You can withdraw interest anytime during the term after it is credited to your account.
Fees and Charges - The following fees and charges apply to this account:
- Escheatment Fee: $50.00
- Close-out Fee (prior to maturity date): $30.00
Additional Terms - The following additional terms apply to this account:
- Fees may reduce earnings. Please refer to the bank's Fee Schedule.

5 Year CD

Rate information - The interest rate on this account is 0.65% with an annual percentage yield of 0.65%. The interest rate(s) and annual percentage yield(s) are accurate as of 12/21/2024. If you would like more current rate and yield information, please call us at (774) 888-6100. You will be paid this rate until next maturity.
Compounding frequency - Interest will be compounded monthly.
Crediting frequency - Interest will be credited into this account monthly.
Time requirements - This account matures 5 years after account opening.
Early withdrawals - The penalty we may impose will equal 180 days interest on the principal amount withdrawn. For variable rate accounts, the rate we will use to calculate this penalty will be the rate in effect at the time of withdrawal. 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.
Withdrawal of interest prior to maturity - The annual percentage yield is based on an assumption that interest will remain in the account until maturity. A withdrawal will reduce earnings.
Automatically renewable account - Your account will automatically renew at maturity. Each renewal term will be the same as the original term, beginning on the maturity date. Unless we tell you otherwise in writing, the interest rate will be the same we offer on new certificate of deposit accounts on the maturity date which have the same term, minimum balance (if any) and other features as the renewed certificate of deposit account. You will have a grace period of ten calendar day(s) after maturity to withdraw the funds without being charged an early withdrawal penalty. You may prevent renewal if you withdraw the funds in the account at maturity (or within the grace period, if any).
Final maturity - If your account is not renewed, the funds in your account will be placed in an interest-bearing account.
Daily balance computation method - Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
Accrual of interest on noncash deposits - Interest will begin to accrue on the business day you deposit noncash items (for example, checks) into your account.
Minimum balance to open - The minimum balance required to open this account is $500.00.
Minimum balance to obtain the disclosed annual percentage yield - You must maintain a minimum daily balance of $500.00 in your account each day to obtain the disclosed annual percentage yield.
Deposit limitations - After the account is opened, you may not make any deposits.
Withdrawal limitations - You may make withdrawals of principal from your account before maturity. Principal withdrawn before maturity is included in the amount subject to early withdrawal penalty. You can only withdraw interest credited in the term before maturity of that term without penalty. You can withdraw interest anytime during the term after it is credited to your account.
Fees and Charges - The following fees and charges apply to this account:
- Escheatment Fee: $50.00
- Close-out Fee (prior to maturity date): $30.00
Additional Terms - The following additional terms apply to this account:
- Fees may reduce earnings. Please refer to the bank's Fee Schedule.