SAVINGS - CERTIFICATES OF DEPOSIT - IRA SERVICES

*Rates subject to change at any time. Please call bank for current rates.

STATEMENT SAVINGS

This is a good place to put your money to "save for a rainy day." This savings account is great for young people to save money in their first bank account. It is also a great place to keep your money if you use Direct Deposit and are on a fixed income.

Minimum deposit to open account is $50.00

Minimum balance of $50.00 required to earn interest

Interest accrues daily and is paid at the end of each calendar quarter. (Interest rate may change)

No service charge if only 1 to 9 withdrawals are made each calendar quarter

After 9 withdrawals are made per calendar quarter, there is a $3.00 service charge per withdrawal

If account is closed, accrued interest is not paid

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CHRISTMAS CLUB ACCOUNT

This is an easy way to save for Christmas.

Account openings restricted to October 15 - December 31

Christmas Club accounts that make all weekly scheduled payments will have their last payment made by the bank

All Christmas Club payments are automatically deducted weekly from customer's checking accounts

Disbursements of the Christmas Club account is automatically deposited to a customer's checking or savings account the first week in October of each calendar year

A fee of $10.00 will be imposed for any early withdrawal from your Christmas Club account

CERTIFICATES OF DEPOSIT

If you're looking for a safe place to keep your money and at very competitive rates, then a Morgantown Bank & Trust CD is the investment instrument for you. We offer a wide range of certificates of deposit with terms from three months to five years.

Interest may be paid by check, transferred to Morgantown Bank & Trust checking or savings account or added back to the principal of the certificate

Interest may be paid monthly, quarterly, semi-annually or annually

Withdrawal of funds prior to maturity incurs a penalty
For CDs with a term of 1 year or less - forfeiture of one month's interest
For CDs with a term of over 1 year - forfeiture of three months interest
For 54 Month Special CDs, forfeiture of 6 months interest and these CDs are non-renewable

Grace period of 10 calendar days granted to account holder after maturity

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IRA's - Traditional, Roth & Educational

Fixed Rate IRA

Minimum opening renewal deposits of $500

Interest accrues daily and reinvested into the account semi-annually

Substantial penalty for early withdrawal before maturity if under age 59½

Variable Rate IRA

Minimum opening renewal deposits of $50

Interest is accrued daily and reinvested into the account quarterly

Interest is subject to change without prior notice

Deposits may be made during the term of the time deposit

Substantial penalty for early withdrawal before maturity if under age 59½

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