Disclosure

Checking and Savings Accounts

Rates are subject to change. Annual Percentage Yield reflects reinvestment of interest. Fees may reduce earnings. Contact any office for additional terms and conditions on our accounts.

FDIC Insurance

The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the United States government that protects the funds depositors place in banks and savings associations. FDIC insurance is backed by the full faith and credit of the United States government. Since the FDIC was established in 1933, no depositor has lost a penny of FDIC-insured funds.

FDIC insurance covers all deposit accounts, including:

Checking accounts
Savings accounts
Money market deposit accounts
Certificates of deposit

FDIC insurance does not cover other financial products and services that banks may offer, such as stocks, bonds, mutual funds, life insurance policies, annuities or securities.

The standard insurance amount is $250,000 per depositor, per insured bank, for each account ownership category.

For more information about FDIC insurance coverage visit www.fdic.gov

For Consumer Protection information visit the FDIC’s website at www.fdic.gov/consumers/index.html.

Other Consumer Loans

Rates are subject to change without notice. Loans are subject to credit approval. Home Equity Line of Credit rates may vary and are indexed to the Prime Rate as published in the Wall Street Journal. Home Equity Line of Credit maximum annual percentage rate is 25%. $75 annual fee applies to Home Equity Line of Credit. Homeowner’s Insurance is required under all of the Home Equity plans. Repayment terms for a typical loan of $5,000 at 10.00% for 48 months would be a monthly payment of $126.81 over the life of the loan. Contact any office if you require more information.

Mortgage Loans

Rates are subject to change without notice. Loans are subject to credit approval. ARM rates vary over the life of the loan. As an example, a 30-year, $100,000, 3 Year ARM with an annual percentage rate of 6.471% would have 36 monthly payments of $583.57 for the first three years and 324 monthly payments in the initial amount of $636.41 each. A 30 year $100,000, 5 year ARM with an annual percentage rate of 7.132% would have 60 monthly payments of $591.54 over the first 5 years, and 300 monthly payments in the initial amount of $709.41 each. A 15 year, $100,000 loan with an annual percentage rate of 5.747% would have a monthly payment of $823.73 over the life of the loan. A 20 year $100,000 loan with an annual percentage rate of 5.973% would have a monthly payment of $709.24 over the life of the loan. A 30-year, $100,000 loan with an annual percentage rate of 6.200% would have a monthly payment of $607.61 over the life of the loan. Contact any office if you require more information. Homeowner’s Insurance is required under all of the Mortgage Loan plans.

The Nationwide Mortgage Licensing System and Registry offers NMLS Consumer AccessSM, which is a free service for consumers to confirm that the bank or mortgage company and the mortgage professional with whom they wish to conduct business are registered with the federal system or licensed, if required, in the state in which they conduct business. To access this free service please go to http://www.nmlsconsumeraccess.org/. View a listing of Highpoint Community Bank Loan Originators and their National Mortgage Licensing System (NMLS) unique IDs by clicking here.

New Procedures for Opening an Account

To help the government fight the funding of terrorism and money laundering activities, and to help prevent Identity Theft, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.

What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.

Asking for this information each time you open a new account helps protect you from Identity Theft.

What You Should Know About Overdraft Fees
Highpoint Community Bank has the reasonable expectation that you will have the funds in your account before attempting to make a withdrawal. Please read this important information regarding what you should know about overdraft fees.