Exchange Bank of Missouri

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Christmas Club

Balance Requirements

There is no minimum balance requirement to open a Christmas Club account.
There is no minimum balance requirement to earn interest on this account.

Service Charges During the Activity Period

No service charges apply during the activity period.

Compounding and Crediting

Interest on Christmas Club accounts is not compounded. Interest is added to the account balance on the last day of the activity period.

Accrual of Interest on Non-Cash Deposits

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

Transaction Limitations

Withdrawals on Christmas Club accounts are disallowed.
Final distributions is the third week of October.

Additional Information

The interest rate and annual percentage yield are available at the New Accounts desk.
This is not a full disclosure of all terms and conditions of this account. Additional information is available at the New Accounts desk.

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NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS
All funds in a "noninterest-bearing transaction account" are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules. The term "noninterest-bearing transaction account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, money-market deposit accounts, and Interest on Lawyers Trust Accounts ("IOLTAs"). For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.