The Pennsville National Bank

This disclosure contains information about your:

Interest Bearing Account/ CHOICE Complete Account/

Rainbow Account/ Student Account

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Your interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on your account daily.

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Interest begins to accrue on the business day you deposit noncash items (for example, checks).

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Interest is computed daily and credited on the last day of each statement period. If you close your account before interest is credited, you will receive the accrued interest.

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The bank uses the average daily balance method of computing interest, which applies a periodic rate to the average daily balance for the period. The average daily balance of principal in the account for each day of the period and dividing that figure by the number of days in the period.

Freedom Checking Account

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Unlimited free checking that has no service charge on average monthly balances of $300.00 or more

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Canceled checks are stored by the bank.

Regular Checking Account

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Unlimited free checking that has no service charge on average balances of $400.00 or more.

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Canceled checks are returned with your monthly statement.

   Convenience Checking Account

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Unlimited free checking that has no balance requirement.

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Canceled checks are returned with your monthly statement.

Saving Accounts

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The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on your account daily.

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Interest begins to accrue on the business day you deposit noncash items (for example, checks).

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Interest is computed daily and credited on the last day of each calendar quarter. If you close your account before interest is credited, you will receive the accrued interest.

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

CHOICE Savings

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Your interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on your account daily.

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You may make six (6) transfers from your account, but only three (3) may be payments by check to third parties.

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Interest begins to accrue on the business day you deposit noncash items (for example, checks).

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Interest is computed daily and credited on the last day of each statement period. If you close your account before interest is credited, you will receive the accrued interest.

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The bank uses the average daily balance method of computing interest, which applies a periodic rate to the average daily balance for the period. The average daily balance of principal in the account for each day of the period and dividing that figure by the number of days in the period.

Money Market Fun(d)

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Your interest rate  and annual percentage yield may change. At our discretion, we may change the interest rate on your account daily.

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You may make six (6) transfers from your account, but only three (3) may be payments by check to third parties.

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Interest begins to accrue on the business day you deposit noncash item (for example, checks).

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Interest is computed daily and credited on the last day of each statement period. If you close your account before interest is credited, you will receive the accrued interest.

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The bank uses the average daily balance method of computing interest, which applies a periodic rate to the average daily balance for the period. The average daily balance of principal in the account for each day of the period and dividing that figure by the number of days in the period.

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Monthly average balances of less than $5,000 earn no interest.

Certificates of Deposit

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The interest rate for your account will be paid until the maturity date of your certificate.

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Interest is computed daily and will be credited to your account monthly.

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Interest begins to accrue on the business day you deposit noncash items (for example, checks).

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This account will automatically renew at maturity. You will have ten (10) calendar days from the maturity date to withdraw your funds without being charged a penalty.

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After the account is opened, you may not make deposits into or withdrawals from this account until the maturity date.

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

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If any of the deposit is withdrawn before the maturity date, a penalty of 1/2 the interest that would have been earned if held to maturity will be imposed and taken from the accrued interest and the principal, if necessary.

Fee Schedule

Interest Bearing Accounts

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Monthly minimum balance fee if the average monthly balance drops below $600 is $6.00

CHOICE Complete

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Monthly minimum balance fee if the combined average monthly balance drops below $10,000 is $10.00

Freedom Checking and Freedom Business Checking

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Monthly minimum balance fee if the average monthly balance drops below $300.00 is $2.00.

Rainbow Account

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Monthly minimum balance fee if the average monthly balance drops below $500.00 is $2.00.

Regular Checking Accounts

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Monthly minimum balance fee if the average monthly balance drops below $1,000 is $6.00

Convenience Checking Accounts

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No balance requirement. Monthly maintenance fee is $2.00 - Per check charge of $0.25 each.

CHOICE Savings Accounts

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Monthly minimum balance fee if the average monthly balance drops below $1,000 is $10.00

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Per check charge (Excess above 3 per month) is $10.00

Other Checking Account Fees

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Insufficient Funds Fee (per item) $39.76

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Daily Negative Balance Charge $10.00

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Stop Payment Charge $14.89

Savings Accounts

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On average balances of $50 or less at the end of a calendar quarter is $2.00

Other Savings Fees

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Insufficient Funds Fee (per item) $39.76

Checking and Savings Insufficient Funds Fees applies to overdrafts created by check, in-person withdrawal, ATM withdrawal, or other electronic means as applicable.

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