Savings Products

Territorial Savings Bank features an array of savings accounts to meet your financial goals. These accounts are FDIC-insured and appeal to those who rank safety and security as a priority. Modest balance requirements make them easy to open and maintain. The current economic climate has made it more prudent than ever to have a savings account.

• Statement Savings Accounts offer individuals ease and convenience. Accountholders can use a bank card, online banking services, and automatic transfers to complete transactions on their accounts. Interest is compounded daily and posted quarterly.

• Passbook Savings Accounts are ideal for those whose primary goal is to increase their savings and who prefer a printed ledger of savings transactions. Transactions are limited to electronic deposits/credits and in-branch deposits and withdrawals. Interest is compounded daily and posted quarterly.

• Certificates of Deposit (CDs) are attractive investments for those who desire a fixed, guaranteed rate of return for a defined period of time. Rates are typically better than competitors and higher than average yields make it attractive to renew. Current terms range from 3 months to 60 months.

• Traditional IRAs are designed for income earners who wish to save for retirement. Depositors may invest in a Passbook Savings or a Certificate of Deposit IRA and may be eligible to make tax-deferred contributions. Traditional IRA accountholders may withdraw funds without penalty at age 59-1/2, but must take annual distributions starting at age 70-1/2.

• Roth IRAs are popular among higher-income wage earners who wish to supplement their retirement savings. Roth IRAs assist those who may not qualify for tax-deductible contributions. Unlike Traditional IRA holders, Roth IRA depositors are not required to take annual distributions at age 70-1/2 and beyond.

• Christmas Club accounts may be the perfect solution to managing holiday expenses. Individuals accrue interest on their savings as long as accounts are open, until the end of October when balances are distributed via check or transfer.

For more information, visit any one of our 25 convenient branch locations.

---

TSBRev_03/09