BANK IT® SAVINGS
ACCOUNT DISCLOSURE

Upon enrollment in the Town Square BANK IT Savings Program, each purchase made with a Town Square Bank Visa check card by you or a joint holder will be rounded up to the next whole dollar amount and charged to your checking account. The excess amount of the purchase will be deposited into your BANK IT Savings account. This includes point of purchase, point of sale (PIN) transactions and point of sale debit card transactions (with signature).
       Example
       Purchase amount $2.63
       Charge to checking account $3.00
       Deposit to BANK IT Savings account $0.37
Rounded up amounts from purchases that post to your checking account each business day will be aggregated and a single transfer will be made to the savings account.

If your debit card purchase is subsequently cancelled or reversed, such as a returned purchase, the corresponding daily round-up transfer will remain in the BANK IT Savings account. Credit or adjustment transactions will not be rounded up.

BANK IT introductory matching
We will match 100% of the amount of BANK IT transfers for the first 90 days after you enroll. Matching funds are paid at the end of the 90 day introductory period. No interest will be earned or paid on the account during this introductory period. Amount of match cannot exceed $599.99 per customer per calendar year. After the 90 day introductory period interest will begin to accrue on the savings account as stated below. Each customer is limited to one BANK IT savings account with an introductory matching period.

A Town Square Bank checking account and Town Square Bank Visa Check card must be maintained in order to qualify for the BANK IT Savings account. Closure of the checking account and/or Visa Check Card will result in the BANK IT Savings account being converted to our Regular Savings Account. Matching funds will be forfeited if account is closed within 90 day introductory period. E statements with a combination of checking and savings account information are required. A $2.00 monthly fee will be charged for paper statements.

The bank reserves the right to cancel or modify the BANK IT Savings program at any time.
Minimum balance to open the account - There are no minimum balance requirements to open or maintain the BANK IT Savings account.
Rate Information - Your interest rate and annual percentage yield may change.
Frequency of rate changes - We may change the interest rate on your account at any time.
Determination of rate - At our discretion, we may change the interest rate on your account.
Compounding and crediting frequency - Interest will be compounded every month. Interest will be credited to your account every month.
Effect of closing an account - If you close your account before interest is credited; you will not receive the accrued interest.
Average daily balance computation method - We use the average daily balance method to calculate the interest on your account. This method applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is the monthly statement cycle.
Accrual of interest on noncash deposits - Interest begins to accrue on the business day you deposit noncash items (for example, checks).
Transaction limitations:
Transfers from a Savings account to another account or third parties by preauthorized, automatic, telephone or computer transfer are limited to six per month with no transfers by check, draft, debit card or similar order to third parties.
Fees:
A fee of $10.00 will be charged for each transaction in excess of the above limitations. Fees may reduce earnings