The High Yield Money Market Checking Account is designed for depositors who are willing to deposit larger sums of money in order to obtain higher annual percentage yields. The account has different tiers of interest rates that may be above the rate of our regular Money Market Checking Account.

INTEREST RATE INFORMATION
The interest rate and annual percentage yield on this account may change. The interest rate for deposits up to $24,999.99 shall be the quoted rate for the regular Spring Valley City Bank Money Market Checking Account. The interest rate for all tiers $25,000.00 and above is indexed to the prior week average Fed Funds rate ("Index") as published in the Wall Street Journal each Tuesday. The interest rate will be changed the first business day after publication.

Daily balances between $25,000.00 and $99,999.99 will accrue interest at an annual percentage rate of the Index less 1.00%. Daily balances between $100,000.00 and $249,999.99 will accrue interest at an annual percentage rate of the Index less .50%. Daily balances at or above $250,000.00 will accrue interest at an annual percentage rate of the Index less .30% At no time will the annual percentage rate be less than the quoted rate for the regular Spring Valley City Bank Money Market Checking Account.

Interest will be accrued daily on the principal balance of the account. A daily periodic rate shall be used to calculate the interest. Interest begins to accrue on cash items deposited (for example, checks) no later than the business day we receive credit for their deposit.

PAYMENT OF INTEREST AND COMPOUNDING
All accrued interest will be credited to your account every month on the date that the statement cycle is completed. Interest will be compounded monthly.

MINIMUM DEPOSIT OT OPEN THE ACCOUNT
You must deposit at least $25,000.00 to open the account.

MINIMUM BALANCE TO AVOID SERVICE CHARGE FEES
A service charge of $20.00 will be assessed on the statement cycle date if the minimum account balance is less than $25,000.00 anytime during that statement cycle.

TRANSACTION LIMITATIONS
Transfers from a High Yield Money Market Checking Account to another account or to third parties by pre-authorized, automatic, or telephone transfer are limited to six per statement cycle with no more than three by check, draft, point of sale (debit) card, or similar order to third parties. You may make unlimited withdrawals in person, by mail, or with an ATM card.

FEE FOR EXCEEDING TRANSACTION LIMITATIONS
A fee of $5.00 for each transaction that exceeds the transaction limitation during a statement cycle may be assessed.

FEE FOR CLOSING ACCOUNT
A fee of $50 will be assessed if the account is closed within the first six months following the date it was opened.

ADDITIONAL FEES MAY APPLY
Preprinted check charges vary depending on the quantity of checks ordered. Corporations, partnerships, sole proprietorships, or other for profit organizations shall be assessed a fee of $.07 for each foreign item deposited into this account.

CURRENT INTEREST RATE AND ANNUAL PERCENTAGE YIELD INFORMATION

Date: June 25, 2008

>> Back