Regular Savings Account

Take the first step to meeting your financial goals and start saving today. An interest-bearing account for personal savings.

Monthly Service Charge Waived If: The account holder is under 18 years of age. Minimum daily balance of $250.00 is maintained per calendar month.

Other Charges: An excessive withdrawal charge of $1.00 will be assessed for each debit in excess of six (6) per calendar month. A closing fee of $10.00 will be assessed if the account is closed within ninety (90) days of opening.

Interest: This account is an interest-bearing account. The interest rate and annual percentage yield may change at any time. Interest will be compounded quarterly and will be credited to the account quarterly. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks).

Account Benefits: Upon request, may be used as an Overdraft Sweep account tied to a checking account. Statements are sent quarterly or a combined statement is available with your monthly checking account statement upon request.

Limitations: A maximum of six (6) telephone, preauthorized or electronic transfers can be made from the account each calendar month. You must maintain a minimum balance of $5.00 in the account each day to obtain the disclosed annual percentage yield.

Interest Information: Your interest rate and annual percentage yield may change at any time. Contact a New Accounts representative for a current interest rate information sheet that lists the interest rates and corresponding annual percentage yields for accounts.

Checking Sub-Account: Checking accounts consist of a checking sub-account and a savings sub-account. Skagit State Bank may periodically transfer funds between these two sub-accounts. If your account earns interest, your interest calculation will remain the same. If your checking account does not earn interest, no interest will be paid on either sub-account. The savings sub-account will be governed by the rules governing our other savings accounts. This process will not affect your available balance, the interest you may earn, FDIC insurance protection, or your monthly statement.

Dormant Accounts: An account that is inactive (debit or credit) for 224-60 months will be reclassified as a dormant account. Dormant accounts will be subject to a regular monthly service charge of $6 (non-refundable per State of Washington). The time periods of inactivity are as follows:

• 24 months—All checking, money market, interest checking, and savings accounts
• 30 months—Time certificates of deposit
• 60 months—Safe deposit boxes

Note: Under current state abandoned property law, any property unclaimed after three years (with the exception of safe deposit boxes) must be relinquished to the custody of the State of Washington.