SAVINGS ACCOUNT

The interest rate on your account is %.

The annual percentage yield (APY) is %.

Required to Open: No minimum deposit is required to open.

To Accrue Interest: You must maintain a minimum balance of $10 in the account each day to obtain the disclosed interest rate and annual percentage yield Interest begins to accrue on the business day your deposit non-cash items (for example, checks).

Transaction Limits: Federal regulations limit the number of preauthorized transfers to 6 per month. Preauthorized transfers include checks, drafts, automatic transfers, telephone or internet banking transfers or other third party transfers.

Activity Fees: $1 per withdrawal for each withdrawal exceeding nine (9) per quarter.

Service Charges: $1 on accounts closed within 60 days from the date the account was opened.

Frequency of Rate Changes: The interest rate and annual percentage yield (APY) may vary. The bank may, at our discretion, change the APY at anytime.

Crediting and Compounding Interest: Interest will be earned on all daily balances $10 and above. Interest will be compounded daily and credited quarterly. If you close your account before interest is credited, you will not receive the accrued interest.

Balance Computation Method: The Johnson State Bank uses 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.

We may pay depositors at our discretion without notice, but the right is reserved of requiring 30 days written notice of intention to withdraw funds on deposit.

An overdraft fee applies to overdrafts created by check, in person withdrawal or other electronic means.

See Additional Disclosures section for other fees and charges.