Checking/Savings/IRA's

No matter what your needs, we've got the account to help you reach your goals. Take advantage of our convenient, low-cost options - guaranteed to work hard for you!

Account Name	Free Checking	Regular Savings	Money Market Savings
Description	We've totally streamlined our personal checking program to offer you simpler, better checking benefits. Introducing ... the one and only personal checking account you'll ever need!	We make saving easy! With this account, you'll enjoy deposit and debit flexibility, while earning interest on your balance.	Take advantage of higher interest rates, to save quickly and conveniently!
Minimum to Open	$100	$100	$2,500
Minimum to Avoid Service Charge	None	$100	$2,500 minimum daily balance
Monthly Fees	None	$2.00 monthly service charge when minimum balance is not maintained.	$7.00 monthly service charge when minimum balance is not maintained.
Additional Fees (Regardless of balance)	None	$1.00 per debit over six during a statement cycle.	$5.00 per debit over six during a statement cycle.
Interest	Earn interest on daily balances greater than $1,000 We offer tiered interest to reward you for keeping a higher balance!	Yes, on balances over $100 We offer tiered interest to reward you for keeping a higher balance!	Yes, on balances over $2,500 We offer tiered interest to reward you for keeping a higher balance!
Special Features	Unlimited Check Writing Free Telephone Banking Free Online Banking ATM/Debit Card available ATM/Photo Debit Card available Overdraft Protection available

Retirement Accounts**

Traditional IRA

This IRA is designed for individuals who want to save tax-deferred dollars and want their annual contributions to be tax-deductible depending on limitations. However, penalty-free withdrawals may be made at any time for college expenses or the purchase of a first home.

Roth IRA

The major benefit of a Roth IRA is tax-free earnings growth. Although contributions to the Roth IRA are not tax-deductible, the contributions can be withdrawn at any time without federal taxes or penalties.*** You are not required to receive distributions at age 70½ and in most cases, you can pass your Roth assets to your heirs free of federal income taxes. Withdrawal of earnings is tax-free if certain distribution rules are met.

Coverdell Education Savings Account

(formerly known as the Education IRA)

This savings account is specifically designed to provide a tax-free way to save for education expenses for any minor child until the age of 18 on a nondeductible basis. This account can be used to pay for elementary and secondary education (K-12) expenses incurred in a public, private or religious school, as well as college, technical or postgraduate work. Earnings grow tax-free, and withdrawals for qualified education expenses are also tax-free (must meet income requirements).

SEP IRA

(Simplified Employee Pension Plan)

This low-cost retirement plan is designed for small businesses and the self-employed business owner. This would include sole proprietors, partnerships, S-corporations and corporations. The SEP plan enables you to make discretionary, tax-deductible contributions for employer and eligible employees. The employer may choose to make the plan less restrictive. Earnings and contributions are tax-deferred. If you already have an IRA, contact us for a free portfolio review. Changing times require changing strategies, and we're the bank to help you make retirement security a reality.

Rollovers and Transfers

IRA options have changed significantly over the past few years. If you have an IRA that you may want to reposition or modify to suit your current needs, our team can help.

IRA funding options include any one or a combination of:

Bank-insured CDs
Stocks, bonds and mutual funds through Patriot Investment Center⁺
Variable rate and fixed rate tax-deferred annuities⁺ through Patriot Insurance

P.S. Concerned about FDIC insurance limits? Patriot Bank offers FDIC protection and additional deposit insurance up to $1 million per account!
(Now that's the way banking should be!)

**Check with your financial advisor for more details about the IRA that's best for you and optimizes your tax-deductibility potential. Normally withdrawals prior to age 59½ are subject to a 10% IRS penalty and may be subject to bank withdrawal penalties.

***Bank penalties may apply for early withdrawal provided the account has been established for five years.

⁺Securities offered through IBA Securities, a division of Broker Dealer Financial Services Corp., member NASD/SIPC. Securities and insurance products are not FDIC insured nor are they deposits or obligations of, or guaranteed by Patriot Bank, Broker Dealer Financial Services Corp. or any other federal government agency. The purchase of such products involves risk including the possible loss of principal. Securities may not be suitable for all investors.