RATE INFORMATION. Please refer to our rate sheet for interest rate and APY on this account. Your interest rate and annual percentage yield may change.

Determination of Rate. At our discretion, we may change the interest rate on your account. Frequency of Rate Changes. We may change the interest rate on your account at any time. Limitations on Rate Changes. There are no maximum or minimum interest rate limits for this account.

COMPOUNDING AND CREDITING. Interest will be compounded daily and will be credited to the account quarterly.

MINIMUM BALANCE REQUIREMENTS. You must deposit $100.00 to open this account. A quarterly account service fee of $5.00 will be imposed every quarter if the daily balance on any day of the quarter falls below $300.00.

You must maintain a minimum daily balance of $300.00 in the account each day to obtain the disclosed annual percentage yield. You will earn interest for every day during the period that your account equals or exceeds the minimum daily balance requirement.

DORMANT/INACTIVE ACCOUNT INFORMATION. The bank imposes a $25.00 per month charge on dormant accounts to cover the special handling needed to service these accounts. If you have not made a withdrawal from, or a deposit to, your account for an extended period of time (defined as two years) and we have been unable to contact you, your account may be classified by us as dormant. Subject to applicable law, we may charge a dormant account fee on the account, and the account will be presumed to be abandoned. In accordance with state law, funds in abandoned accounts will be remitted to the custody of the applicable state agency and we will have no further liability to you for such funds. We reserve the right not to send statements on account we consider dormant, subject to applicable law.

PROCESSING ORDER. All credit transactions are processed first. Checks will be processed in serial number order and then debits or withdrawals will be deducted from the account. The processing order of these items is important because if there is not enough money in the account to pay for the items in the order they are processed in accordance with the processing order, there may be an overdraft on your account which may result in overdraft or non-sufficient funds fees or an increase in the amount of these fees.

BALANCE COMPUTATION METHOD. We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day.

The daily balance that we use when calculating interest is the collected balance. That means we only include those funds for which we have actually received payment when we determine the daily balance on which interest is paid.

ACCRUAL ON NONCASH DEPOSITS. Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).

TRANSACTION LIMITATIONS. You may make six (6) transfers from your account each month, if by pre-authorized or automatic transfer, or telephone (including data transmission) agreement, order or instruction or by check, draft, debit card or similar order (including POS transactions), made by the depositor and payable to third parties. Transfers and withdrawals made in person, messenger, by mail or at an ATM are unlimited.

FEES AND CHARGES. Please refer to the separate Grove Bank & Trust Fee Schedule provided to you with this disclosure for information about fees and charges associated with this account. A Grove Bank & Trust Fee Schedule will be provided to you at the time you open an account, periodically when fees or charges change, and upon request.