Checking Account, Savings Account and CD Disclosures

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Account Disclosures

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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 – An interest rate of 0.249% will be paid only for that portion of your daily balance that is $1,000,000.01 or more. The annual percentage yield (APY) for this tier is 0.25%. Tier 2 – An interest rate of 0.249% will be paid on the entire portion of your daily balance that is less than $1,000,000.01, if your daily balance is $10.00 or more. The annual percentage yield (APY) for this tier is 0.25%. The interest rate(s) and annual percentage yield(s) are accurate as of 7/16/2019. 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. Maximum deposit to open account is $5,000.00.
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: ATM surcharges from other institutions will be rebated up to $10.00 per statement cycle. It is our policy to pay items in the following order: ACH Clearing: Sequence would go from the largest deposits, followed by the smaller deposits, followed by the small withdrawals, followed by the largest withdrawals. Check Clearing: Sequence would be lowest to highest check amount within the account, the smallest withdrawals will post first and the largest withdrawals last. Fees may reduce earnings. Please refer to the bank's Fee Schedule.

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 application
Minimum balance to open - The minimum balance required to open this account is $10.00. Maximum deposit to open account is $5,000.00.
Deposit limitations - You may make an unlimited number of deposits into your account.
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. It is our policy to pay items in the following order: ACH Clearing: Sequence would go from the largest deposits, followed by the smaller deposits, followed by the small withdrawals, followed by the largest withdrawals. Check Clearing: Sequence would be lowest to highest check amount within the account, the smallest withdrawals will post first and the largest withdrawals last.

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.
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: It is our policy to pay items in the following order; ACH Clearing: Sequence would go from the largest deposits, followed by the smaller deposits, followed by the smaller withdrawals, followed by the largest withdrawals. Check Clearing: Sequence would be lowest to highest check amount within the account, the smallest withdrawals will post first and the largest withdrawals last. Fees do not apply to individuals 18 years of age and under and 65 years of age and older, except for an insufficient funds 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.

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 rates for this account. Tier 1 – An interest rate of 1.045% will be paid only for that portion of your daily balance that is $1,000,000.01 or more. The annual percentage yield (APY) for this tier is 1.05%. Tier 2 – An interest rate of 1.045% will be paid on the entire portion of your daily balance that is less than $1,000,000.01, if your daily balance is $10.00 or more. The annual percentage yield (APY) for this tier is 1.05% . The interest rate(s) and annual percentage yield(s) are accurate as of 7/16/2019. 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. Maximum deposit to open account is $5,000.00.
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.
Limitations on frequency of transfers - During any calendar month or statement cycle of at least four weeks, you may not make more than six withdrawals or transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction, or by check, draft, debit card (if applicable) or similar order to a third party. If you exceed the transfer limitations set forth above in any statement period, your account will be charged a $10.00 fee for each item in excess of the six, and be subject to closure by the financial institution.
Additional Terms - The following additional terms apply to this account: Fees may reduce earnings. Please refer to the bank's Fee Schedule.

Student Savings

Rate information - At our discretion, we may change the interest rates for this account. Tier 1 – An interest rate of 0.049% will be paid only for that portion of your daily balance that is $1,000,000.01 or more. The annual percentage yield (APY) for this tier is 0.05% . Tier 2 – An interest rate of 0.049% will be paid on the entire portion of your daily balance that is less than $1,000,000.01, if your daily balance is $10.00 or more. The annual percentage yield (APY) for this tier is 0.05% . The interest rate(s) and annual percentage yield(s) are accurate as of 7/16/2019. 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. Maximum deposit to open account is $5,000.00.
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.
Limitations on frequency of transfers - During any calendar month or statement cycle of at least four weeks, you may not make more than six withdrawals or transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction, or by check, draft, debit card (if applicable) or similar order to a third party. If you exceed the transfer limitations set forth above in any statement period, your account will be subject to a $10.00 fee for each item in excess of the six, and be subject to closure by the financial institution.
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: Fees may reduce earnings. Please refer to the bank's Fee Schedule.

Statement Savings

Rate information - At our discretion, we may change the interest rate for this account. The interest rate on this account is 0.049% with an annual percentage yield of 0.05% . The interest rate(s) and annual percentage yield(s) are accurate as of 7/16/2019. 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.
Limitations on frequency of transfers - During any calendar month or statement cycle of at least four weeks, you may not make more than six withdrawals or transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction, or by check, draft, debit card (if applicable) or similar order to a third party. If you exceed the transfer limitations set forth above in any statement period, your account will be charged a $10.00 fee for each item in excess of the six, and be subject to closure by the Financial Institution.
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 insufficient funds fee of $5.00 (when applicable). Fees may reduce earnings. Please refer to the bank's Fee Schedule.

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 0.149% 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 0.099% 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 0.099% 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 0.099% with an annual percentage yield (APY) of 0.10% . The interest rate(s) and annual percentage yield(s) are accurate as of 7/16/2019. 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.
Limitations on frequency of transfers - During any calendar month or statement cycle of at least four weeks, you may not make more than six withdrawals or transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction, or by check, draft, debit card (if applicable) or similar order to a third party. If you exceed the transfer limitations set forth above in any statement period, your account will be charged a $10.00 fee for each item in excess of the six, and be subject to closure by the Financial Institution.
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
- Dormant Account Fee (after 2 years of no activity): $5.00 per month
Additional Terms - The following additional terms apply to this account: It is our policy to pay items in the following order; ACH Clearing: Sequence would go from the largest deposits, followed by the smaller deposits, followed by the smaller withdrawals, followed by the largest withdrawals. Check Clearing: Sequence would be lowest to highest check amount within the account, the smallest withdrawals will post first and the largest withdrawals last.
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 0.049% with an annual percentage yield of 0.05%. The interest rate and annual percentage yield are accurate as of 7/16/2019. 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 be converted to a Statement Savings account and will no longer be eligible for the monthly and annual prizes 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) $500 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.
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.

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 2.031% with an annual percentage yield of 2.05% . The interest rate(s) and annual percentage yield(s) are accurate as of 7/16/2019. 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.

1 Year CD

Rate information - The interest rate on this account is 0.399% with an annual percentage yield of 0.40% . The interest rate(s) and annual percentage yield(s) are accurate as of 7/16/2019. 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.

18 Month CD

Rate information - The interest rate on this account is 0.498% with an annual percentage yield of 0.50% . The interest rate(s) and annual percentage yield(s) are accurate as of 7/16/2019. 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 0.647% with an annual percentage yield of 0.65% . The interest rate(s) and annual percentage yield(s) are accurate as of 7/16/2019. 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.

3 Year CD

Rate information - The interest rate on this account is 0.797% with an annual percentage yield of 0.80% . The interest rate(s) and annual percentage yield(s) are accurate as of 7/16/2019. 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 1.242% with an annual percentage yield of 1.25% . The interest rate(s) and annual percentage yield(s) are accurate as of 7/16/2019. 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.

Account Disclosures