Revised 5.2012

(See separate disclosure for Limited Edition Savings)

Common features on ALL SCSB personal checking and savings accounts

Cut-off times for deposits made on business days will be at the time of closing at each location. Deposits on Saturdays and holidays will be credited on the next business day.

• Account-closing fee for accounts less than 60 days old - $20
• Negative Balance Account Closing Fee - $25
• Account Reopening Fee - $20
• 24-Hour Banker Online - Free
• Stop payment fee - $27+ sales tax
• ATM usage fee (non-SCSB terminals)(waived on “Student Checking” Accounts)** - $1.50
• Deposited Item Returned fee - $2.50 + sales tax
• Dormant account fee - $5 per month after 12 months inactivity for balances less than $200
• Return Item Fee/Overdraft Item Fee* - $27 + sales tax
  (There can be a maximum of eight Overdaft Item Fees and eight Return Item Fees paid per day)
  *The Return Item Fee/Overdraft Item Fee charges apply to overdrafts created by check,
  in-person withdrawals, ATM withdrawals or other electronic means.
• Signature Restriction Fee** - $5
• eStatements - Free

ACCOUNT TERMS AND FEES FOR NON-INTEREST BEARING PERSONAL CHECKING ACCOUNTS

Free Checking

• Minimum deposit required to open the account - $100
• Monthly basic service charge - None
• ATM/Debit card fee** - $1.50/mo + sales tax
  (This fee may be offset by completing at least five point-of-sale debit card transactions and/or ATM transactions within the month.)
• Images of checks returned in your statement - No
• Check Image Fee to receive images of checks with your statement.** - $5 per month
• Item retrieval fee - $2 + sales tax per item

ACCOUNT TERMS AND FEES FOR INTEREST BEARING PERSONAL CHECKING ACCOUNTS

Bonus Checking

• Minimum deposit required to open the account - $100
• Daily collected balance needed for interest to be paid on account - $1500 or more
• Bonus Checking Fee (per statement cycle)** - $7.50 + sales tax
• ATM/Debit card fee - None
• Debit Card - Free           
• Images of checks returned in statement - Optional/No charge

Prestige Checking

• Minimum deposit required to open the account - $100
• Monthly average ledger balance required to avoid a monthly basic service charge - $10,000 in Total Deposits (Total deposit accounts that can be included are checking, savings, CDs and retirement accounts. )
• Basic service charge if below $10,000 in total deposits per month** - $10 + sales tax
• ATM/Debit Card fee - None
• Debit card** - Free
• Images of checks returned in statement - Optional/No Charge
• No basic service charge will be assessed if two or less than two items are paid in the statement cycle.

Student Checking

• Minimum deposit required to open the account - $100
• Daily collected balance needed for interest to be paid on account - $100 or more
• Monthly basic service charge - None
• ATM/Debit card fee** - $1.50/mo + sales tax
  (This fee may be offset by completing at least five point-of-sale or ATM transactions within the month.)                  
• Images of checks returned in your statement - No
• Check Image Fee to receive images of checks with your statement** - $5 per month
• Debit Card - Free
• Item retrieval fee - $2 + sales tax per item
• Foreign ATM Withdrawals - Free

COMMON FEATURES FOR INTEREST BEARING PERSONAL CHECKING ACCOUNTS:

• The daily balance method will be used to calculate interest by applying a daily periodic rate to the full amount of principal in the account each day. The principal upon which interest will be paid will be the collected balance. The collected balance on any particular day is the ledger balance less any float connected with the current or previous day’s deposits.
• We pay the stated rate of interest on the entire collected balance, depending on what tier the balance falls.
• The interest rate and the annual percentage yield (APY) you will earn is variable and is set by the management of SCSB. The rate may change weekly. Please ask a Bank Representative for current rates or visit www.scsbnet.com.
• Interest will be compounded monthly and the interest will be credited to your account at the end of each statement cycle period. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items, such as checks. Cut-off time for deposits made on business days will be at closing at each branch location. Deposits on Saturdays or holidays will be credited on the next business day.
  
• If you close your account before interest is credited, you will receive the accrued interest.
• We reserve the right to require seven days notice before any withdrawal can be made from an interest-bearing account.
• Fees may reduce earnings.

ADDITIONAL COMMON FEATURES OF ALL SCSB PERSONAL CHECKING ACCOUNTS:

• Check printing fees may vary.
• 24 Hour Banker and Billpay - Free
• Transfer Fee (from a loan to cover an overdraft) - $5 + sales tax
• Automatic Transfer Fee (from a savings or checking account to cover an overdraft) - $5 + sales tax

ACCOUNT TERMS AND FEES FOR SCSB SAVINGS ACCOUNTS

Statement Savings

• Minimum deposit required to open - None
• Daily collected balance needed for interest to be paid on account - $50 & over
• ATM and debit card accessible (no Point-of-Sale transactions) - Cash only
• Average ledger balance to avoid a basic service charge - $100
• Basic service charge if minimum is not met - $3
  The basic service charge will be waived for students and minors
• Excess withdrawal fee - $3 for over 6 withdrawals in a monthly statement cycle
  

IMF Savings

• Minimum deposit required to open - None
• Daily collected balance needed for interest to be paid on account - $2,500 & over
• ATM and Debit card accessible - Yes
• Average ledger balance to avoid a basic service charge - $2500
• Basic service charge if minimum is not met - $5
• Excess withdrawal fee - $3 for over 6 withdrawals in a monthly statement cycle

Elite Savings

• Minimum deposit required to open - None
• Daily collected balance needed for interest to be paid on account - $2,500 & over
• Debit and ATM card  accessible - Yes
• Limited check writing - Yes (Limited to 6 per month per Regulation D)
• Average ledger balance to avoid a basic service charge - $2500
• Basic service charge if minimum is not met - $5
• Excess withdrawal fee - $3 for over 6 withdrawals in a monthly statement cycle

ADDITIONAL FEATURES ON ALL SCSB SAVINGS ACCOUNTS

• The daily balance method will be used to calculate the interest on all savings accounts by applying a daily periodic rate to the full amount of principal in the account each day.  The principal upon which interest will be paid will be the collected balance, subject to the minimums above for Statement Savings, IMF Savings and Elite Savings accounts.
• We pay the stated rate of interest on the entire collected balance, depending on what tier the balance falls.
• The interest rate and annual percentage yield you will earn is variable and is set by the management of the SCSB.  The rate may change weekly.  Please ask a Bank Representative for current rates or view rates at www.scsbnet.com.
• Interest is compounded monthly and the interest will be credited to the savings account monthly.
• Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items, such as checks.  Cut-off time for deposits made on business days will be at closing at each branch location. Deposits on Saturdays and holidays will be credited on the next business day.
• We reserve the right to require seven days notice before any withdrawal can be made from an interest-bearing account.
• If you close your account before interest is credited, you will receive the accrued interest.
• Withdrawals made in person, by mail or at the ATM are unlimited.  Other preauthorized, automatic, computer, telephone withdrawals and transfers are limited to six per month. 
• Fees may reduce earnings.

OTHER FEES THAT MAY BE ASSESSED TO YOUR CHECKING OR SAVINGS ACCOUNT

History printouts                         $1+ sales tax            Wire Fees – Incoming Fee           $15 + sales tax
Tax Levies and Garnishments      $50                           Outgoing Fee                              $15 + sales tax
Statement - Interim                     $4 + sales tax           Overseas Fee                             $45 + sales tax
Return Mail Fee                          $3                             Canadian Check Handling            $5 per item
Safe Deposit Box late payment    $5                    Safe Deposit box surcharge for manual pmt $5