TRUTH-IN-SAVINGS DISCLOSURE

Interest Rates and Annual Percentage Yields (APY) – The interest rates and the annual percentage yields for the accounts about which you have inquired are shown below in the chart titled, I.E. Interest Rates and Annual Percentage Yields (APY) – The interest Rate is the rate at which interest is paid on the collected balance of the account or the principal balance of a Certificate of Deposit. The annual percentage yield (APY) is the rate at which an account would earn interest over a one year period if the stated interest rate remained in effect throughout that period and all interest paid on the account were left in the account. For current interest rates and annual percentage yields for certificates of deposit accounts click here. For current interest rates for deposit account click here.

RATE INFORMATION – The interest rate of your account opened online will be determined by the rate in effect when funds are deposited to the account, however the interest rate and annual percentage yield may change.

Determination of Rate – At our discretion we may change the interest rate on your account.

Frequency of Rate Changes – We may change the interest rate on your account at any time.

Limitations on Rate Changes – There are no maximum or minimum interest rate limits.
Bonus Interest Rate – Designated accounts earn additional interest if qualifications are met.

MINIMUM BALANCE REQUIREMENTS – There may be minimum balance requirements to open the account, obtain the annual percentage yield (APY), receive Benefits for designated accounts, and avoid monthly maintenance fees. Based upon the compounding method, you will earn interest during the account's cycle period when your account equals or exceeds the minimum balance requirement. The minimum balances required to open your account and obtain the disclosed APY are listed in the section titled "Interest Rates and Annual Percentage Yields (APY)." The minimum balance requirements to avoid monthly maintenance fees are listed in the section titled "Monthly Maintenance Fees." The minimum balance requirements to receive benefits for designated accounts are listed in the section titled Additional Information. The minimum balances are computed as described in the section captioned "Balance Computation Method."

PROCESSING ORDER

All credit transactions are processed first. Debits, or withdrawals, from your account will be processed as follows: electronics items such as ATM and Preauthorized transactions then checks. The items are processed in the order received within each category.

STANDARD OVERDRAFT PRACTICES

We do authorize and pay overdrafts for the following types of transactions:

- Checks and other transactions made using your checking account number
- Automatic bill payments
- In person withdrawals
- Or other electronic means

Under our standard overdrafts practices:

- We will charge you a fee of up to $30.00¹ each time we pay an overdraft
- There is a limit of $120.00² on the total fees we can charge you for overdrawing your account per day.
- You may link a savings account to a checking account to cover overdraft items. Each transfer from the savings account will incur a fee of $5.00.
- A continuous overdraft fee is a daily overdraft fee of $2.00 per day, charged after an account has been overdrawn for five consecutive business days.

¹Reduced to $5.00 per 18/65 MA law.
²Reduced to $20.00 per 18/65 MA law

BALANCE COMPUTATION METHOD – We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to either the collected balance of your account or the principal balance of your Certificate of Deposit. We use the monthly collected balance method to calculate the Bonus Interest Rate on eligible accounts. This method applies a monthly periodic rate to the monthly collected balance if specified qualifications are satisfied. The collected balance is determined by taking the current balance minus transactional float or holds placed upon your account.

ACCRUAL ON NONCASH DEPOSITS – Interest begins to accrue on all non-cash deposits (such as electronic transfers) no later than the day the Bank receives provisional credit for the deposit.

TRANSACTION LIMITATIONS – Withdrawals from a Smart Statement Savings or Personal Money Market by check, debit card or similar order to third parties and/or transfers to another account or third parties by preauthorized, automatic, telephone, or computer are limited to six per statement cycle. Any transactions in excess of these limitations will be charged a maintenance fee for excessive transactions. However transfers initiated to make a loan payment at Avidia Bank by teller or ATM are unlimited. Please see the schedule of FEES and CHARGES provided with this disclosure for the applicable fees.

Deposit accounts cannot be transferred without consent from the bank.

We reserve the right to require at least seven days written notice before any withdrawal or transfer.

MONTHLY MAINTENANCE FEES – Some accounts could be subject to a monthly maintenance fee based upon account balance and/or transaction requirements during the statement cycle. A maintenance fee will be imposed every statement cycle if the account does not satisfy the related balance requirements for that cycle which could reduce earnings. Requirements are as follows:

¹Monthly maintenance fee will be waived if the account has one direct deposit during the statement cycle.

FEES AND CHARGES - To obtain the current fee schedule please click here or by calling 800-508-2265.

CURRENT RATE INFORMATION - To obtain the current rate(s) and annual percentage yield (s) APY information, click here for certificate of deposits, or click here for deposit accounts, or by calling 800-508-2265.

ADDITIONAL DEPOSIT ACCOUNT INFORMATION AND ELIGIBILITY REQUIREMENTS

eChecking - Accounts are eligible to receive benefits including a refund of all Foreign ATM Withdrawal fees and ATM Surcharges up to $10 per statement cycle, if the monthly collected balance is greater than $0, it is enrolled for an e-Statement, receives at least one ACH transaction and has a minimum of (10) ten Debit Card purchases per statement cycle.

Max Checking Eligibility Requirements - Must be met during each month statement cycle to earn the Annual Percentage Yield (APY), including 12 Debit Card purchases, e-Statements, Direct Deposit of one ACH transaction per statement cycle. All foreign fees and ATM Surcharges up to $25 per statement cycle will be refunded when qualifying requirements are met. If any qualifying requirements are not met, the account will earn .05% APY and the ATM fees will not be refunded.

CERTIFICATE OF DEPOSIT

FIXED RATE INFORMATION - The interest rate of your certificate of deposit account opened online will be determined by the rate in effect when funds are deposited to the account and remain fixed until maturity.

Additional Rate Information - The APY calculation is based upon a 12 month period. Any certificate of deposits with a maturity of less than a year will cause the annual percentage yield earned to be less based upon the actual term.

COMPOUNDING AND CREDITING - The annual percentage yield calculation assumes interest will remain on deposit. A withdrawal will reduce earnings. If you close your account before interest is credited, you will not receive the accrued interest. Depending upon the type of deposit account you open online, the interest accrual and compounding method may differ. Please see the interest accrual and compounding methods below.

ADDITIONAL INFORMATION REGARDING YOUR ACCOUNT - Any bonus or promotional offer, if applicable, will be reported to the IRS.

MATURITY DATE - The maturity date of your certificate of deposit is based upon its term and the initial date of your deposit. As an example, if you open a 12 month certificate of deposit on January 2nd and your funds are received on January 5th, your maturity date will be one year from January 5^th.

EARLY WITHDRAWAL PROVISIONS - Any withdrawal of principal prior to maturity, will result in a penalty of half (50%) of the term of interest.

RENEWAL POLICIES - Your account will automatically renew at maturity. You will have a grace period of 10 calendar days after the maturity date to withdraw the funds in the account without being charged an early withdrawal penalty. We can prevent renewal if we mail notice to you at least 30 calendar days before maturity. If either you or we prevent renewal, interest will not accrue after final maturity. Each renewal term will be the same as the original term, beginning on the maturity date. The interest rate will be that of the same term with rate posted on the date of maturity.

ADDITIONAL CERTIFICATE OF DEPOSIT INFORMATION - You may not make deposits into your certificate of deposit account until the maturity date. You may not make withdrawals of principal from your certificate of deposit account before maturity without the bank's consent. You can withdraw interest at any time during the term of the certificate of deposit account after it has been credited to your account

For all certificates of deposit opened online, Avidia Bank does not provide a paper Certificate. Information on your certificate of deposit, including interest rate, APY, balance, available balance, current year's interest, accrued interest and maturity date can be viewed by using Avidia Bank's Consumer Internet Banking at www.avidiabank.com, calling Avidia Bank's Voice Response Unit at 1-888-290-4636 or by calling Avidia Bank at 1-800-508-2265