Truth in Savings

For Personal Accounts

Welcome to First Bank! This disclosure offers an overview of our checking, savings, money market accounts, and time deposits. The overview includes balance information and interest rate information.

VALUE FIRST

A relationship checking account based on a combined deposit and/or loan relationship of $5,000 or more. This account is interest bearing with unlimited check writing and other benefits at no additional charge.

Rate Information: This account is an interest bearing account. The interest rate and annual percentage yield are included in the Rate Chart. Your interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on your account. We may change the interest rate on your account every day. There are no maximum or minimum interest rate limits for this account. Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks). Interest will be compounded monthly and will be credited to your account monthly. If you close your account before interest is credited you will not receive the accrued interest.

Balance Information: 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.  Avoid the maintenance fee of $10 by having a combined relationship of $5,000 with First Bank of Newton. The combined relationship balance is determined by adding the average collected balance of each demand deposit account in the relationship (service charge cycle-to-date) and the principal balance of any loans or time deposit accounts. The combined relationship is based on primary ownership of each account and may include deposit accounts (checking, savings, money market, time deposits, and IRAs) and personal loans (excluding secondary market mortgage loans and credit cards). Commercial deposits and loans do not qualify.

Limitations: To open this account, you must make a minimum deposit of $100. You will have unlimited check writing capabilities and will not be charged a fee for Regular Travelers Checks, Cashiers Checks, or Money Orders. You will receive your first order of bank selected wallet style checks, First Online Internet Banking, and First Online Bill Pay at no charge. You will also receive a.25% discount on new First Bank personal loans with automatic debit, a .25% interest premium on new First Bank certificates of deposit or individual retirement accounts over 12 months (Promotional rates not included), and 20% off of any Safe Deposit Box Rental, subject to availability. 

Account Fees: A maintenance fee will not be assessed if the combined deposit and/or loan balance of $5,000 or greater is maintained for the service charge period. If the combined deposit and/or loan balance is $4,999.99 or below, a maintenance fee of $10.00 will be assessed.  

FIRST ADVANTAGE

An interest bearing account with low balance requirements, unlimited check writing and other benefits at no additional charge.

Rate Information: This account is an interest bearing account. The interest rate and annual percentage yield are included in the Rate Chart. The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on your account. We may change the interest rate on the account every day. There are no maximum or minimum interest rate limits for this account. Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks). Interest will be compounded monthly and will be credited to your account monthly. If you close the account before interest is credited you will not receive the accrued interest.

Balance Information: 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.  

Limitations: You must deposit $100.00 to open this account.

Account Fees: A maintenance fee of $10.00 will be imposed every statement cycle if the balance in the account falls below $100.00 any day of the statement cycle. You will have unlimited check writing capabilities and will not be charged a fee for Regular Travelers Checks, Cashiers Checks or Money Orders. You will also receive 20% off of any Safe Deposit Box Rental, subject to availability.

SENIOR ADVANTAGE

Recommended for customers age 50 and older, this account is interest bearing, has unlimited check writing, no minimum balance requirements, and other benefits at no additional charge.

Rate Information: This account is an interest bearing account. The interest rate and annual percentage yield are included in the Rate Chart. The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on your account. We may change the interest rate on your account every day. There are no maximum or minimum interest rate limits for this account. Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks). Interest will be compounded monthly and will be credited to your account monthly.  If you close the account before interest is credited you will not receive the accrued interest.

Balance Information: 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.

Account Fees: No minimum balance requirements apply to this account. No service charge will be assessed on this account. You will have unlimited check writing capabilities and will not be charged a fee for Regular Travelers Checks, Cashiers Checks, Money Orders or bank selected wallet style checks. You will also receive 20% off of any safe deposit rental, subject to availability.

PREFERRED NOW ACCOUNT

An account for customers who maintain a large balance, desire a higher rate of interest and write an average number of checks.

Rate Information: This account is an interest bearing account. The interest rate and annual percentage yield are included in the Rate Chart. The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on your account. We may change the interest rate on your account every day. There are no maximum or minimum interest rate limits for this account. Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks). Interest will be compounded monthly and will be credited to your account monthly. If you close the account before interest is credited you will not receive the accrued interest.

Balance Information: 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. You must maintain a minimum daily balance of $10,000.00 in the account each day to obtain the disclosed annual percentage yield. If the balance drops below $10,000.00, the rate will drop to our current, disclosed First Advantage Account Rate.

Limitations: You must deposit $10,000.00 to open this account.

Account Fees: You may write 25 checks from your account every statement cycle. Each check over 25 will be assessed a 20 cent fee.  

REGULAR CHECKING

A non-interest bearing account for customers who maintain a moderate balance and write fewer than 30 checks per statement period.

Limitations: You must deposit $100.00 to open this account.

Account Fees: A maintenance fee of $4.00 will be imposed every statement cycle if the average collected balance for the statement cycle falls below $300.00. The average collected balance is determined by adding the collected balance in the account for each day of the statement period and dividing the figure by the number of days in the statement period.

If more than 30 checks are written during the statement cycle, a 20 cent per check paid fee will be assessed. No service charge will be assessed for students up to age 23.

GOLD CHECKING

A non-interest bearing account with a small fee, no minimum balance, unlimited check writing, and other benefits at no additional charge.

Account Fees: No minimum balance requirements apply to this account. A maintenance fee of $8.00 will be assessed regardless of the balance maintained in the account during the statement period. You will have unlimited check writing capabilities and will not be charged a fee for Regular Travelers Checks, Cashiers Checks, Money Orders or bank selected wallet style checks. You will also receive a free 3x5 safe deposit box or $10.00 discount off a larger box, subject to availability.

LOW COST CHECKING

Recommended for customers who write few checks and maintain a low account balance.

Account Fees: No minimum balance requirements or transaction limitations apply to this account. A maintenance fee of $2.00 will be assessed regardless of the balance maintained in the account during the statement cycle. A fee of 20 cents per debit item will be assessed.

REGULAR SAVINGS

Rate Information: This account is an interest bearing account. The interest rate and annual percentage yield are included in the Rate Chart. The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on your account. We may change the interest rate on your account daily. There are no maximum or minimum interest rate limits for this account. Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks). Interest will be compounded monthly and will be credited to your account monthly. If you close the account before interest is credited you will not receive the accrued interest.

Balance Information: 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.  

Limitations: You must deposit $50.00 to open this account. You may make six preauthorized withdrawals, automatic or telephonic, checks, drafts, or debit card or similar transactions from your account per month or statement cycle. Each subsequent transaction will be charged a $5.00 excessive transaction fee in addition to other fees and charges.

Account Fees. A maintenance fee of $0.50 will be imposed every statement cycle if the balance in the account falls below $200.00 any day of the month. You may make 4 total debits (withdrawals) from your account each month at no charge. If more than four total debits are made during the month, a debit fee of $1.00 will be assessed for each subsequent transaction.  

SAVINGS - UNDER 18 & 50 AND OVER

Rate Information: This account is an interest bearing account. The interest rate and annual percentage yield are included in the Rate Chart. The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on your account. We may change the interest rate on your account every day. There are no maximum or minimum interest rate limits for this account. Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks). Interest will be compounded monthly and will be credited to your account monthly.  If you close the account before interest is credited you will not receive the accrued interest.

Balance Information: 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.  

Limitations: You must deposit $10.00 to open this account. You may make six preauthorized withdrawals, automatic or telephonic, checks, drafts, or debit card or similar transactions from your account per month or statement cycle. Each subsequent transaction will be charged a $5.00 excessive transaction fee in addition to other fees and charges.

Account Fees. No service charge will be assessed to this account based on the primary customer's age. At age 18 the account will automatically transfer to a Regular Savings account.

MONEY MARKET SAVINGS

Rate Information: This account is an interest bearing account. The interest rate and annual percentage yield are included in the Rate Chart. The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on your account. We may change the interest rate on your account every day. Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks). Interest will be compounded monthly and will be credited to the account monthly.  If you close the account before interest is credited you will not receive the accrued interest.

Balance Information: 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.  

Limitations: You must deposit $1,000.00 to open this account. You may make six preauthorized withdrawals, automatic or telephonic, checks, drafts, or debit card or similar transactions from your account per month or statement cycle. Each subsequent transaction will be charged a $5.00 excessive transaction fee in addition to other fees and charges.

Account Fees: If the average collected balance is $1,000.00 or above, no maintenance fee will be assessed; if the average collected balance is $500.00 - $999.99 a $3.00 maintenance fee will be assessed per statement cycle; if the average collected balance is below $500.00 a $6.00 maintenance fee will be assessed per statement cycle. The average collected balance is determined by adding the collected balance in the account for each day of the statement period and dividing the figure by the number of days in the statement period.

OTHER ACCOUNT FEES

The following fees and charges may be assessed against your account:

Check printing fees vary by the style of check ordered
Stop Payment per item	$	25.00
NSF/Overdraft (applies to overdrafts created by check, in-person withdrawal or other electronic means) per item (maximum daily limit $125)	$	25.00
Continuous Overdraft Fee (per business day beginning on the 10th consecutive calendar day overdrawn	$	5.00
Overdraft Protection (per transfer) from First Bank checking/savings account or credit card	$	2.00
Early Account Closing Fee (open less than 90 days)	$	25.00
First Online Bill Pay (Commercial)	No charge
First Online Bill Pay (Consumers)	No charge
Backup Withholding Origination Fee	$	2.00
Mid-Statement Cycle w/checks (per statement)	$	5.00
Foreign ATM Transactions (per withdrawal)*	$	1.00
Collection Fees (Incoming/Outgoing)	$	7.50
Photocopy Fee (per page)	$	0.25
Fax Service (per page)	$	1.00
Garnishments & Tax Levies (each)	$	10.00
Night Depository Key Deposit	$	10.00
Lock Depository Bag with 2 Keys	$	15.00
Travelers Checks - Regular (per $100 purchased)	$	1.00
Documentary Research (per hour)	$	35.00
Statement Copies (each)	$	1.00
Cashiers Checks	$	2.00
Money Orders	$	2.00
Domestic Wire Transfer (Incoming)	$	5.00
Domestic Wire Transfer (Outgoing)	$	15.00
International Wire Transfer (Incoming)	$	15.00
International Wire Transfer (Outgoing)	$	30.00
Returned Deposited Items	No Charge
Telephone Transfers	No Charge
Automatic Transfers between Accounts	No Charge
Transaction at First Bank ATM	No Charge
Notary/Signature Guarantee	No Charge
Check Card/Direct Cash Card	No Charge
Coin Counting	No Charge

* If you use an automated teller machine that is not operated by us, you may be charged a fee by the operator of the machine and/or by an automated transfer network.

Fees are subject to change with proper notification.

Automatically Renewable Time Deposit

Rate Information: The interest rate on this account will be paid until maturity. The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings. Interest will be compounded quarterly and credited to your account quarterly. The interest rate and annual percentage yield for this account are found on the Rates page of this web site.

Minimum Balance Requirement: To open this account you must deposit $2,500 for a 7-90 Day CD and $500 for any other Regular CD. Variable Rate IRAs require a minimum opening balance of $25.

Transaction Limitations: You may not make deposits into or withdrawals from this account until the maturity date.

Renewal Policy: Your account will automatically renew at maturity. You will have a grace period of ten (10) calendar days after the maturity date to withdraw the funds in the account without being charged an early withdrawal penalty.

Early Withdrawal Penalty: We may impose a penalty if you withdraw any of the principal before the maturity date as follows:

• Term 7-181 days-equal to 1 month interest.
• Term 181-364 days-equal to 3 month interest.
• Term 12 months to 23 months-equal to 3 months of interest.
• Term greater than 23 months-equal to 6 months of interest.

Penalties are computed using the simple interest (non-compounded) rate being paid on the time deposit on the date of withdrawal.

Fees: See the current Personal Accounts Fee Schedule for a listing of fees that may be assessed.

(07/11)