Disclosures

Truth In Savings

CPB Basic Checking

Deposit limitations – You may make an unlimited number of deposits into your account.
Minimum balance to open – The minimum balance required to open this account is $50.00.
Additional Terms – The following additional terms apply to this account:
- A monthly Paper Statement Fee of $3.00 will be charged to each checking account per statement cycle. However, this fee will be waived under the following conditions: if you agree to receive your statements electronically; OR you are 60 years of age or older.

Now Account

Rate information – At our discretion, we may change the interest rate for this account.
The interest rate and Annual Percentage Yield (APY) may change at any time.
Compounding frequency – Interest will be compounded monthly.
Crediting frequency – Interest will be credited into this account monthly.
Effect of closing an account – If you close your account before interest is paid, you will not receive the accrued interest.
Daily balance computation method – Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
Accrual of interest on non-cash deposits – Interest will begin to accrue on the business day you deposit non-cash items (for example, checks) into your account.
Minimum balance to open – The minimum balance required to open this account is $500.00.
Minimum balance to avoid a fee – If your balance falls below $500.00 on any day in the statement cycle, your account will be subject to a $7.00 Maintenance Charge for that statement cycle.
Deposit limitations – You may make an unlimited number of deposits into your account.
Additional Terms – The following additional terms apply to this account:
- A monthly Paper Statement Fee of $3.00 will be charged to each checking account per statement cycle. However, this fee will be waived under the following conditions: if you agree to receive your statements electronically; OR you are 60 years of age or older.

Super Now Account

Rate information – At our discretion, we may change the interest rate for this account.
The interest rate and Annual Percentage Yield (APY) may change at any time.
Compounding frequency – Interest will be compounded monthly.
Crediting frequency – Interest will be credited into this account monthly.
Effect of closing an account – If you close your account before interest is paid, you will not receive the accrued interest.
Daily balance computation method – Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
Accrual of interest on non-cash deposits – Interest will begin to accrue on the business day you deposit non-cash items (for example, checks) into your account.
Minimum balance to open – The minimum balance required to open this account is $1,000.00.
Minimum balance to avoid a fee – If your balance falls below $1,000.00 on any day in the statement cycle, your account will be subject to a $15.00 Maintenance Charge for that statement cycle.
Deposit limitations – You may make an unlimited number of deposits into your account.
Additional Terms – The following additional terms apply to this account:
- A monthly Paper Statement Fee of $3.00 will be charged to each checking account per statement cycle. However, this fee will be waived under the following conditions: if you agree to receive your statements electronically; OR you are 60 years of age or older.

Regular Savings

Rate information – At our discretion, we may change the interest rate for this account.
The interest rate and Annual Percentage Yield (APY) may change at any time.
Compounding frequency – Interest will be compounded quarterly.
Crediting frequency – Interest will be credited into this account quarterly.
Effect of closing an account – If you close your account before the interest is paid, you will not receive that accrued interest.
Daily balance method – Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
Accrual of interest on non-cash deposits – Interest will begin to accrue on the business day you deposit non-cash items (for example, checks) into your account.
Minimum balance to open – The minimum balance required to open this account is $5.00.
Deposit limitations – You may make an unlimited number of deposits into your account.

Christmas Club

Rate Information – Contact us if you would like current rate and yield information, please call us at (573) 782-3881.
The interest rate and annual percentage yield may change at any time.
Minimum Balance to Open the Account – Minimum balance required to open this account is $5.00.
Compounding Frequency – Interest will be compounded annually.
Crediting Frequency – Interest will be credited to this account annually and deposited in your Community Point Bank checking or savings account or will be paid by check.
Daily Balance Computation Method – Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
Accrual of Interest on Non-cash Deposits – Interest will begin to accrue on the business day you deposit non-cash items (for example, checks) into your account.
Deposit Limitations – Your may make an unlimited number of deposits into your account.
Transaction Limitations – You may not make withdrawals from this account until maturity. A withdrawal prior to maturity will result in closing your account. The maturity date is November 2, 2022.
Electronic Deposits from other banks will not be accepted.
Early Withdrawal Penalty – If you close your account at any time before the maturity date, you will be assessed a $20.00 early closing fee.
Effect of Closing an Account – If you close your account before the interest is credited, you will not receive the accrued interest.
Distribution at Maturity – Upon the maturity date of your account, the balance plus accrued interest will be paid to you in the form which you direct.
Renewal Policy – Automatic Renewal: Your account will remain open if you make a deposit within 30 days after the maturity date. If you wish to renew the account, you must make a deposit into the account by December 2, 2022. If a deposit is not made, your account will not renew and will close.

Money Market Deposit Account

Rate information – At our discretion, we may change the interest rate and Annual Percentage Yield (APY) for this account. The tiered rate structure is as follows:
- Tier 1 – $5,000.00 to $14,999.99
- Tier 2- $15,000.00 to $24,999.99
- Tier 3 – $25,000.00 to $49,999.99
- Tier 4 – $50,000.00 to $199,999.99
- Tier 5 – $200,000.00 to $399,999.99
- Tier 6 – $400,000.00 or more
Compounding frequency – Interest will be compounded monthly.
Crediting frequency – Interest will be credited into this account monthly.
Effect of closing an account – If you close your account before the interest is paid, you will not receive that accrued interest.
Daily balance computation method – Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
Accrual of interest on non-cash deposits – Interest will begin to accrue on the business day you deposit non-cash items (for example, checks) into your account.
Minimum balance to open – The minimum balance to open this account is $5,000.00.
Minimum balance to obtain the disclosed annual percentage yield – You must maintain a minimum daily balance of $5,000.00 in your account each day to earn it.
Minimum balance to avoid a charge – If your balance falls below $5,000.00 on any day in the statement cycle, your account will be subject to a $20.00 Maintenance Charge for that statement cycle.
Deposit limitations – You may make an unlimited number of deposits into your account.

YOUR ABILITY TO WITHDRAW FUNDS

On Point Checking

Effective: November 1, 2021

Eligibility Requirements

To qualify for “On Point Checking” rates, you must meet the following requirements:

A minimum of 15 posted and settled¹ debit card point of sale transactions per Statement cycle² (Note***ATM processed transactions do not count as point of sale transactions)
Receive your monthly statement electronically (e-Statements)
One monthly direct deposit ³

Interest Rate Information

When “On Point Checking” requirements are not met, the interest rate on your account for all balances will be .01% with an annual percentage yield (APY) of .01%.
When “On Point Checking” requirements are met, the interest rate and APY on your account are as follows:
- If your average daily balance is equal to or greater than $25.00, but less than or equal to $2,499.99, the interest rate for that portion of your balance in your account will be 3.00% with an annual percentage yield (APY) of 3.042%.
- If your average daily balance is equal to or greater than $2,500.00, the interest rate paid for the portion of $2,500.00 or greater will be 0.10% with an annual percentage yield (APY) 0.10%.
The interest rates and annual percentage yields are accurate as of July 1, 2019. If you would like more current rate and yield information, please call us at (573)782-3881.
At our discretion, the interest rate and annual percentage yield for your account may change at any time.

Compounding and Crediting

Interest will be compounded monthly. Interest will be credited to your account monthly.
You must maintain a minimum average daily balance of $25.00 in the account to obtain the disclosed annual percentage yield.
No interest will be paid for those days your accounts falls below $25.00.
If you close your account before interest is credited, you will not receive the accrued interest.

Effect Of Closing An Account

If you close your account before interest is credited, you will not receive the accrued interest.

Minimum Balance To Open

You must deposit $50.00 to open this account.

Minimum Balance To Obtain The Disclosed Annual Percentage Yield

You must maintain a minimum average daily balance of $25.00 in your account to obtain the disclosed annual percentage yield.

Average Daily Balance Computation Method

Interest is calculated by the average daily balance method which applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the balance 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 to make this calculation is monthly.

Accrual Of Interest On Non-Cash Deposits

Interest begins to accrue on the business day you deposit non-cash items (for example, checks) into your account.

Fee Schedule

Refer to the attached COMMON FEATURES page from your new account disclosures.

Statements

To be eligible for this account, you must receive your monthly statement electronically. If you do not already receive your statements electronically, you must opt-in to e-Statements within Online Banking. Your statement will cycle on the last business day of every month at which time you will receive an e-mail notification from us.

Other Information

Overdrawing your account. An overdraft can occur in several ways, including but not limited to: 1) the payment of checks, in-person withdrawals, ATM withdrawal, or other electronic means; 2) payments authorized by you; 3) the return of unpaid items deposited by you; 4) the imposition of bank service charges; or 5) the deposit of items which, according to the bank’s Funds Availability Policy, are treated as not yet available or finally paid.

We are not obligated to pay any item presented for payment if your account does not contain sufficient funds. However, the order of payment of such items may create multiple overdrafts during a single banking day for which you will be charged our standard Overdraft/NSF fees* (per item), whether paid or returned.

*Overdraft charge – item paid, $25.00 per item; NSF charge – item returned, $25.00 per item

For additional fees, see our Common Features fee schedule.
¹ A posted and settled transaction is one that has posted to and cleared your account. When you use your Community Point Bank SHAZAMChek debit card, the merchant places a memo hold on your account in the amount of your purchase (posted). When the purchase amount is shown as being paid from your Community Point Bank account, it is considered settled. It can take up to three business days before the transaction posts and clears. It must be posted and settled to your account during your statement cycle to qualify. ATM processed transactions do not count as point of sale transactions.
² Statement cycle: To qualify for this account, you must receive your account statements electronically. If you do not already receive your statements electronically, you must opt-in to e-Statements within Online Banking. Your statement will cycle on the last business day of every month at which time you will receive an e-mail notification from us.

³ What Qualifies as a Direct Deposit? … Direct deposits include deposits made by the customer’s employer or a federal or state government agency or retirement benefits administrator and generally payments made by corporations or other organizations. Direct deposits do not include deposits to an account that are made by an individual using online banking or an Internet payment provider such as PayPal

On Point Plus Checking

TRUTH IN SAVINGS DISCLOSURE

Effective: November 1, 2021

ELIGIBILITY REQUIREMENTS

To qualify for “On Point Plus Checking” higher listed rate, you must meet the following requirements:

A minimum of 15 posted and settled¹ debit card point of sale transactions per Statement cycle² (Note***ATM processed transactions do not count as point of sale transactions)
Receive your monthly statement electronically (eStatements)
One monthly direct deposit ³

INTEREST RATE INFORMATION

When “On Point Plus Checking” eligibility requirements are not met, the interest rate on your account for all balances will be .01% with an annual percentage yield (APY) of .01%.
When “On Point Plus Checking” eligibility requirements are met, the interest rate and APY on your account are as follows:
- If your average daily balance is equal to or greater than $25.00, but less than or equal to $2,499.99, the interest rate for that portion of your balance in your account will be 3.00% with an annual percentage yield (APY) of 3.04%.
- If your average daily balance is equal to or greater than $2,500.00, the interest rate paid for the portion of $2,500.00 or greater will be 0.10% with an annual percentage yield (APY) 0.10%.
- Please note that your statement may reflect an APY of less than 3.00% due to the lower APY earned if eligibility requirements, as listed above, are not met OR for average daily balances greater than $2,500.00.
The interest rates and annual percentage yields are accurate as of November 1, 2021. If you would like more current rate and yield information, please call us at (573)782-3881.
At our discretion, the interest rate and annual percentage yield for your account may change at any time.

COMPOUNDING AND CREDITING

Interest will be compounded monthly. Interest will be credited to your account monthly.
You must maintain a minimum balance of $25.00 in the account each day to obtain the disclosed annual percentage yield.
No interest will be paid for those days your accounts falls below $25.00.
If you close your account before interest is credited, you will not receive the accrued interest.

EFFECT OF CLOSING AN ACCOUNT

If you close your account before interest is credited, you will not receive the accrued interest.

MINIMUM BALANCE TO OPEN

You must deposit $50.00 to open this account.

MINIMUM BALANCE TO OBTAIN THE DISCLOSED ANNUAL PERCENTAGE YIELD

You must maintain a minimum average daily balance of $25.00 in your account to obtain the disclosed annual percentage yield.

AVERAGE DAILY BALANCE COMPUTATION METHOD

Interest is calculated by the average daily balance method which applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the balance 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 to make this calculation is monthly.

ACCRUAL OF INTEREST ON NON-CASH DEPOSITS

Interest begins to accrue on the business day you deposit non-cash items (for example, checks) into your account.

MONTHLY MAINTENANCE CHARGE

There is a monthly maintenance charge of $6.95. This charge will be reduced to $3.95 if you receive electronic statements for your account.

COMMON FEATURE FEE SCHEDULE

Fees May Reduce Earning:
Replace Debit Card	$10.00
Replace Debit Card PIN	$5.00
Debit Card Balance Update	$2.00
Raise Debit Card Limit	$2.00
Check Printing Prices for check orders depend on the style and amount of checks ordered. Complimentary first box of checks (CPB Logo Checks only) for On Point Checking Accounts.
Temporary Check	$ .50
Cashier’s Check	$5.00
Money Order	$3.00
Overdraft (each overdraft paid) An overdraft may occur when insufficient items are presented such as checks, in-person withdrawal, ATM withdrawal, or other electronic means.	$25.00
Non-sufficient Funds (each time and item is presented)	$25.00
Account Research or Balance Assistance (per hour) Minimum charge of $35.00	$35.00
Copy of Statement May be printed with your on-line banking account for free.	$3.00
Stop Payment – all items	$20.00
Wire Transfer (outgoing)	$15.00
International Wire Transfer (outgoing)	$50.00
Garnishments	$35.00
Levies	$35.00
Dormant Account (per month) There have been no deposits or withdrawals to the account for one year.	$2.00

STATEMENTS

To be eligible for the higher interest on this account, you must receive your monthly statement electronically. If you do not already receive your statements electronically, you must opt-in to e-Statements within Online Banking. Your statement will cycle on the last business day of every month at which time you will receive an e-mail notification from us.

OTHER INFORMATION

Overdrawing your account. An overdraft can occur in several ways, including but not limited to: 1) the payment of checks, in-person withdrawals, ATM withdrawal, or other electronic means; 2) payments authorized by you; 3) the return of unpaid items deposited by you; 4) the imposition of bank service charges; or 5) the deposit of items which, according to the bank’s Funds Availability Policy, are treated as not yet available or finally paid.