Savings and Investments

No-Fee Checking Account

No interest
Only $50 to open
Free unlimited use of Mercer Savings Bank ATMs
Free Visa™ Debit Card available (Subject to approval)
No minimum balance required
No monthly service fee

Now Checking Account

Variable interest rate
Interest compounded daily, credited monthly
Only $100.00 to open account
Free unlimited use of Mercer Savings Bank ATMs
Free Visa ™ Debit Card available (Subject to approval)
Minimum Balance to Avoid Fees: $100.00
Service fee of $5.00 imposed every statement cycle if account
falls below minimum any day of the cycle.
Exemptions: Service fee waived if account holder is under age
21 or over age 65, set up direct deposit of social security or
government checks, or maintain a minimum daily balance
of $1,000.00 in any other deposit account during the statement cycle.

Super Now Checking Account

Variable interest rate
Interest compounds daily, credited monthly
Minimum $2,500.00 to open account
Free unlimited use of Mercer Savings Bank ATM’s
Free Visa ™ Debit Card available (Subject to approval)
Earns higher rate of interest if balance remains above $2,500.00
Minimum Balance to Avoid Fees: $100.00
Service fee of $5.00 imposed every statement cycle if account
falls below minimum any day of the cycle.
Exemptions: Service fee waived if account holder is under age
21 or over age 65, set up direct deposit of social security or government
checks, or maintain a minimum daily balance of $1000.00 in any other
deposit account during the statement cycle.

Money Market Deposit Account

Variable interest rate
Interest compounded and credited monthly
Minimum Balance: $2,500.00 to open account
No minimum deposits or withdrawals
Interest credited monthly
If the account balance is reduced below the minimum balance requirement,
the rate of earnings on the remaining balance shall thereafter be reduced to
25 basis points less than the rate this institution is then paying on its regular
savings accounts, until the account again meets the minimum balance requirement.
Limitations: Transfers from this account to another account or
to third parties by telephone transfer are limited to six per month
with no transfers by check, draft, debit card, or similar order to third parties.

Christmas Club Account

Variable rate of interest
Only $5.00 to open account
Deposit any amount at any time
In October balance of account plus
interest mailed to account owner.

Passbook Savings Account

Variable rate of interest
Only $100.00 to open account
Deposit or withdraw any amount at any time with passbook
Interest credited quarterly to account
Minimum Balance to Avoid Fees: $100.00
A service fee of $1.00 will be imposed every month if the
balance in the account falls below $100.00 any day of the
month. This fee will not apply to account owner under 21
years of age or over 65 years of age.
Limitations: No transfers from this account to another account
of the owner or to a third party by preauthorized, automatic,
or telephone transfer or similar order to third parties. Only in-
person withdrawals are allowed.

Statement Savings Account

Variable rate of interest
Interest compounded daily and credited quarterly
Only $100.00 to open account
Deposit or withdraw any amount at any time
Minimum Balance to Avoid Fees: $100.00
A service fee of $2.00 will be imposed if the balance in the
account falls below $100.00 any day of the month. This fee will
not apply to account holder under age 21 or over age 65, or if
you arrange for direct deposit of social security or government check.
Limitations: Transfers from this account to another account
or to third parties by preauthorized, automatic, or telephone
transfers are limited to six per statement cycle with no
transfers by check, draft, debit card, or similar order to third parties.

7-Day Notice Account

Interest rate adjusts weekly to the same rate as our 91-day
Interest compounded and credited quarterly
Certificate of Deposit rate or the Passbook Savings account
rate, whichever is higher.
Minimum Balance: $2,500.00 needed to open account
Deposits of $1,000.00 or more can be deposited anytime.
Only 7 days written notice required to withdraw funds
Interest may be withdrawn without penalty after crediting
Minimum Balance to Maintain Rates: If the account balance falls
below $2,500.00 at any time, the rate of interest on the remaining
balance shall be reduced to the rate then paid on the passbook
savings account until the account again meets the $2,500.00 balance.

Early Withdrawal Penalties:
We may impose a penalty if funds are withdrawn without receipt of at least a seven day
written notice of your intent to withdraw. The penalty we may
impose will equal seven days of interest on the amount
withdrawn subject to penalty.

Fixed Rate Certificate of Deposit

Fixed interest rate during term of certificate
Terms available from 91 days, 182 days, 1 year, 1 1/2 year, 2 year,
2 1/2 year, 3 year, 3 1/2 year, 4 year and 5 year.
Interest credited quarterly or mailed or transferred monthly
on 1 year term longer.
Automatically renewable for same term at the rate being paid
at the maturity date
Minimum Balance Requirement:
For 91 day and 182 day Certificates of Deposit, only $500.00
required to open account. For all longer term Certificates of
Deposit, only $100.00 required to open account.

Early Withdrawal Penalties:
We may impose a penalty if you withdraw any of the deposited
funds before the maturity date:
91 day term: penalty will equal one month interest, whether
earned or not, on the amount withdrawn subject to penalty
182 day term: penalty will be equal to three months interest,
whether earned or not, on the amount withdrawn subject to
penalty.
1 year term or longer: penalty will be equal to six months,
whether earned or not, on the amount withdrawn subject to
penalty. There are certain circumstances, such as death or
incompetence of an owner, where we may waive or reduce this penalty.

Variable Rate Certificates of Deposit

Available in 2 1/2 year, 3 1/2 year and 5 year term only
Interest rate may change at the beginning of each calendar
quarter. Interest rate will adjust each calendar quarter to the rate
being paid for the same term
Only $100.00 needed to open account
Unlimited deposits to account only through first year of term
Interest credited quarterly or mailed or transferred monthly

Early Withdrawal Penalties:
We may impose a penalty for withdrawing any of the
deposited funds before maturity. The penalty we impose will
equal six months interest, whether earned or not, on the
amount withdrawn subject to penalty at the rate in effect at
the time of the withdrawal. There are certain circumstances,
such as the death or incompetence of an owner, where we
may waive or reduce this penalty.

18 Month Variable Rate Individual Retirement Certificate of Deposit

Interest rate adjusted each calendar quarter to be _% above
our 30 month term certificate rate in effect on January 1, April 1,
July 1, and October 1. Interest compounded and credited quarterly.
Only $100.00 required to open account.
Deposit any amount anytime
Automatically renewable for same term

Early Withdrawal Penalties:
We may impose a penalty if you withdraw any of the deposited
funds before the maturity date and you are under age 59 1/2.
The fee we may impose will equal six months’ interest,
whether earned or not, on the amount withdrawn subject to penalty.

Refer to your plan document if this account is part of an IRA or
other tax qualified plan for any additional penalties. There are
certain circumstances, such as the death or incompetence of an
owner where we may waive or reduce this penalty.

Jumbo Certificate of Deposit

$95,000.00 deposit required to open account
Interest compounded and credited at maturity
You select term (days) of account
No additional deposits permitted to account
This account is not renewable
Interest rate quoted at time of opening account.

Early Withdrawal Penalties:
We may impose a penalty if you withdraw any of the deposited
funds before the maturity date. The fee we may impose will
equal three months’ interest, whether earned or not, on the
amount withdrawn subject to penalty. There are certain
circumstances, such as the death or incompetence of an
owner, where we may waive or reduce this penalty.