TRUTH-IN-SAVINGS DISCLOSURE

1.)    VACATION/CHRISTMAS CLUB ACCOUNT:

• Minimum balance to open the account - You must deposit at least $2.00 but no more than $20.00 to open this account.
• Transaction limitations - All deposits to this account must be in prearranged amounts determined by you at the time when this account is opened. If any withdrawal is made from this account then this account will be closed.
• Rate information – No interest earned on this account.
• Fees – No monthly service fees.

2.)   FREE CHECKING ACCOUNT:

• Rate information - No interest earned on this account. 
• No Minimum balance to open the account
• Fees – No monthly service fees.

3.)   $1,000 MINIMUM CHECKING ACCOUNT

• Rate information - Your interest rate and annual percentage yield may change.
• Frequency of rate changes - We may change the interest rate on your account at any time.
• Determination of rate - At our discretion, we may change the interest rate on your account.
• Compounding and crediting frequency - Interest will be compounded every month. Interest will be credited to your account every month.
• Minimum balance to open the account - You must deposit $100.00 to open this account.
• Minimum balance to avoid imposition of fees - A fee of $10.00 will be imposed each month, if the combined average daily balance for the monthly statement cycle falls below $1,000.00 in this account and in your Pledge account (the combined balances in both accounts are used to meet the $1,000.00 minimum). The average daily balance is calculated by adding the principal in the account(s) for each day of the period and dividing that figure by the number of days in the period.
• Minimum balance to obtain the annual percentage yield disclosed - You must maintain a minimum balance of $100.00 in the account each day to obtain the disclosed annual percentage yield.
• Daily balance computation method - We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
• Accrual of interest on non-cash deposits - Interest begins to accrue on the business day you deposit non-cash items (for example, checks).

4.)   55 PLUS CHECKING ACCOUNT

• Rate information - Your interest rate and annual percentage yield may change.
• Frequency of rate changes - We may change the interest rate on your account at any time.
• Determination of rate - At our discretion, we may change the interest rate on your account.
• Compounding and crediting frequency - Interest will be compounded every month. Interest will be credited to your account every month.
• Minimum balance to open the account - You must deposit $100.00 to open this account.
• Minimum balance to obtain the annual percentage yield disclosed - You must maintain a minimum balance of $100.00 in the account each day to obtain the disclosed annual percentage yield.
• Direct deposit – Direct deposit is required of your social security, pension, disability or payroll check.
• Daily balance computation method - We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
• Accrual of interest on non-cash deposits - Interest begins to accrue on the business day you deposit non-cash items (for example, checks).

5.)    PASSBOOK SAVINGS ACCOUNT

• Rate Information - Your interest rate and annual percentage yield may change.
• Frequency of rate changes - We may change the interest rate on your account at any time.
• Determination of rate - At our discretion, we may change the interest rate on your account.
• Compounding and crediting frequency - Interest will be compounded every quarter. Interest will be credited to your account every quarter.
• Minimum balance to open the account - You must deposit $50.00 to open this account.
• Minimum balance to obtain the annual percentage yield disclosed - You must maintain a minimum balance of $50.00 in the account each day to obtain the disclosed annual percentage yield.  If account balance falls below $50.00 during the month, a $2.00 monthly fee will be assessed to your account.  This fee is waived for account holders less than 18 years of age.
• Daily balance computation method - We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
• Accrual of interest on non-cash deposits - Interest begins to accrue on the business day you deposit non-cash items (for example, checks).

6.)   STATEMENT SAVINGS ACCOUNT

• Rate Information - Your interest rate and annual percentage yield may change.
• Frequency of rate changes - We may change the interest rate on your account at any time.
• Determination of rate - At our discretion, we may change the interest rate on your account.
• Compounding and crediting frequency - Interest will be compounded every month. Interest will be credited to your account every month.
• Minimum balance to open the account - You must deposit $50.00 to open this account.
• Minimum balance to obtain the annual percentage yield disclosed - You must maintain a minimum balance of $50.00 in the account each day to obtain the disclosed annual percentage yield.  If account balance falls below $50.00 during the month, a $2.00 monthly fee will be assessed to your account.  This fee is waived for account holders less than 18 years of age.
• Daily balance computation method - We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day
• Accrual of interest on non-cash deposits - Interest begins to accrue on the business day you deposit non-cash items (for example, checks).
• Transaction limitations - Transfers from a Statement Savings account to another account or to third parties by preauthorized, automatic, internet, or telephone transfer are limited to six (6) per statement cycle with no more than three (3) transfers by  debit card, or similar order to third parties.

7.)   MONEY MARKET ACCOUNT

• Rate Information - Your interest rate and annual percentage yield may change and will be based on the following tiers:
  • More than $49.99, but less than $2,500.00
  • More than $2,499.99, but less than $20,000.00
  • More than $19,999.99, but less than $50,000.00
  • More than $49,999.99, but less than $100,000.00
  • More than $99,999.99, but less than $200,000.00
  • More than $199,999.99
• Frequency of rate changes - We may change the interest rate on your account at any time.
• Determination of rate - At our discretion, we may change the interest rate on your account.
• Compounding and crediting frequency - Interest will be compounded every month. Interest will be credited to your account every month.
• Minimum balance to open the account - You must deposit $50.00 to open this account.
• Minimum balance to obtain the annual percentage yield disclosed - You must maintain a minimum balance of $50.00 in the account each day to obtain the disclosed annual percentage yield.
• Daily balance computation method - We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
• Accrual of interest on non-cash deposits - Interest begins to accrue on the business day you deposit non-cash items (for example, checks).

• Transaction limitations - Transfers from a Money Market account to another account or to third parties by preauthorized, automatic, internet, or telephone transfer are limited to six (6) per statement cycle with no more than three (3) transfers by check, draft, debit card, or similar order to third parties.

8.)  TIME DEPOSIT ACCOUNTS

·         Terms – Range from Six (6) months to five (5) years.

·          Minimum balance to open the account – Range from $500.00 to $1,000.00.

·         Minimum balance to obtain the annual percentage yield disclosed – Range from $500.00 to $1,000.00.

·     Compounding and crediting frequency – For certificates with a term of six (6) months, Interest is simple interest, with earnings credited at maturity (certificates opened with more than $2,500.00, earnings may be transferred or mailed monthly). For certificates with terms ranging from one (1) year to five (5) years, Interest is compounded quarterly with earnings credited quarterly (certificates opened with $5,000.00 or more, earnings may be transferred or mailed monthly, quarterly or at maturity).

·         Interest credited – Interest credited during the term of the certificate, can be withdrawn penalty free.

·        Accrual of interest on deposits – Interest begins to accrue on the business day you deposit cash or non-cash items (e.g. checks).

·        Daily balance computation method – We use the daily balance method to calculate the interest on your account.  This method applies a daily periodic rate to the principal in the account each day.

·       Rate Information – Your interest rate and annual percentage yield (APY) are determined on the opening day for the initial term of the certificate.

·        Renewal policy – The certificate will automatically renew at maturity.  You will have seven (7) calendar days after the maturity date to withdraw your funds without being charged a penalty.

·      Transaction limitations – After the account is opened, you may not make deposits into this account until the maturity date.

·       Withdrawal of interest prior to maturity – If any of the credited interest is withdrawn before the maturity date, the annual percentage yield will be reduced on the certificate.

·       Withdrawal of principal prior to maturity – If any of the principal is withdrawn before the maturity date, earnings loss (i.e. 90 or 180 days of interest) could result in a loss of principal. If the remaining balance is above the minimum balance to open, the original terms of the certificate will continue to apply.

Additional Savings Account Limitations - Please refer to separate disclosure for additional information about charges

Notice: Under Pennsylvania law Ambler Savings Bank reserves the right to require not less than 14 days prior withdrawal notice before paying requests for withdrawal from a checking account or from any other savings account.

Interest Rates & Annual Percentage Yields (APY) – Please see separate disclosure for current information.