Grand Yield Direct 1395 Northern Boulevard Manhasset, NY 11030

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1 Dear Valued Customer, Welcome to Grand Yield Direct, a consumer online product service of Apple Bank for Savings, the third largest state-chartered savings bank in New York State and one of America s strongest banks. With Grand Yield Direct, our commitment is to offer you premier deposit products and Free Online Banking products that serve your needs with great rates, no hidden costs, quality service and convenient, 24/7 access to product and account information at Ready to open your Grand Yield Direct deposit account? It s easy to get started. First, carefully review the account opening materials that are included in this package. Materials include a profile form, signature card, product information sheet with instructions, and a product disclosure. Then, complete the profile form and signature card, include a check for the amount of your deposit, and mail to: Please retain the product disclosure for your records. Grand Yield Direct 1395 Northern Boulevard Manhasset, NY If you have questions about any Grand Yield Direct product or service, please call us at Or, you may us at custline@apple-bank.com. For the speech or hearing impaired using a text transmitter, our TDD phone number is Thank you for choosing Grand Yield Direct. We look forward to serving your banking needs. Sincerely, The Grand Yield Direct Service Team Grand Yield Direct is a consumer online product service of Apple Bank for Savings, a New York State chartered savings bank Apple Bank for Savings Established 1863 Member FDIC

2 Thank you for Choosing the Grand Yield Direct ExtraValue Checking Account. The following brief outline gives you important information on how to open a new Grand Yield Direct No Fee ExtraValueChecking Account by mail. Should you need assistance or have any questions, please call us at Please be sure to complete the Online Profile/Signature Card form (attached as Page Two). The form must include the tax identification number and all other requested information for all account owners, as well as information regarding any designated beneficiary. All account owners must sign the Signature Card portion of the form (located near the bottom). Please sign the corresponding box for Signature A, B, or C from the Online Profile/Signature Card form s Customer A, B, or C. If applicable, complete the beneficiary information at the bottom of the form. This is a non-interest bearing demand deposit account from which withdrawals can be made by using checks. This is a totally free checking account with no monthly maintenance charges regardless of the balance. Your initial order of personalized checks will be provided to you free of charge. Checks for the opening deposit may be payable to the primary account owner, the joint owner, or to Apple Bank directly. Your first order of checks and your Free Visa debit card will be sent to you as soon as the account is opened. Please expect to receive these items within 2 weeks from the opening date. The Grand Yield Direct No Fee ExtraValue Checking Account: (1) may be opened only by mail, (2) is available only to customers having a Grand Yield Direct Savings Account open for 30 days or more, (3) on which at least one successful electronic funds transfer ( EFT ) has been initiated through our Online Banking Funds Transfer Service. A minimum opening deposit of $100 or more is required. This account provides for delivery of periodic Online Statements, disclosures and notices of change only through electronic communications ( ECs ). For details, see disclosure included in this package. Accounts by mail are available only for personal account types. Please return the completed form to: Grand Yield Direct, 1395 Northern Blvd. Manhasset, NY Please remember to send us the completed and signed Online Profile/Signature Card form and check for account opening. Retain the disclosure for your own records. Thank you for your business! Grand Yield Direct is a consumer online product service of Apple Bank for Savings, a New York State chartered savings bank Apple Bank for Savings Established 1863 Member FDIC

3 Apple Bank for Savings: Grand Yield Direct Online Profile/Signature Card (For Existing Customers Only) Check Appropriate Account Title: Individual Joint Complete Customer and Beneficiary (if elected) information, and sign in box(es) below (NOTE: The beneficiary does not sign.) CUSTOMER A (PRIMARY OWNER; ALSO, YOUR CHOICE FOR IRS REPORTING PURPOSES) Last Name First Name Middle Initial Street Address City State Zip Code Tax ID # Date of Birth Home Telephone # Mother s Maiden Name Occupation (current or previous) Employer s Name & Address CUSTOMER B [JOINT OWNER; PAYABLE TO EITHER OR TO THE SURVIVOR(S)] Last Name First Name Middle Initial Street Address City State Zip Code Tax ID # Date of Birth Home Telephone # Mother s Maiden Name Occupation (current or previous) Employer s Name & Address CUSTOMER C [JOINT OWNER; PAYABLE TO EITHER OR TO THE SURVIVOR(S)] Last Name First Name Middle Initial Street Address City State Zip Code Tax ID # Date of Birth Home Telephone # Mother s Maiden Name Occupation (current or previous) Employer s Name & Address TAYPAYER CERTIFICATION (Substitute W-9) Under penalties of perjury, I certify that: (1) The number shown on this form is my correct Taxpayer Identification Number, AND (2). I am not subject to backup withholding because: (a) I am exempt from backup withholding, or (b) I have not been notified by the Internal Revenue Service (IRS) that I am subject to backup withholding as a result of a failure to report all interest or dividends, or (c) the IRS has notified me that I am no longer subject to backup withholding, AND (3) I am a U.S. person (including a U.S. resident alien). CERTIFICATION INSTRUCTIONS: You must cross out item (2) above if you have been notified by the IRS that you are currently subject to backup withholding because of underreporting interest dividends on your tax return. (In case of an account opened by a fiduciary/legal representative, this certification will relate to the status and taxpayer ID number of the individual/entity having a beneficial interest in this account.) I/We received and agree to be bound by Apple Bank for Savings rules, regulations and account disclosures, including amendments. Jointly owned accounts are payable to either or to the survivor(s). THE INTERNAL REVENUE SERVICE DOES NOT REQUIRE YOUR CONSENT TO ANY PROVISION OF THIS DOCUMENT OTHER THAN THE CERTIFICATIONS REQUIRED TO AVOID BACKUP WITHHOLDING. Signature A Signature B Signature C BENEFICIARY DESIGNATION PAYABLE ON DEATH Last Name First Name Middle Initial Street Address City State Zip Code Date of Birth Relationship For Bank Use Only Date:, 20 ; Account No.

4 ABOUT YOUR GRAND YIELD DIRECT EXTRAVALUE CHECKING ACCOUNT This disclosure statement was prepared in compliance with the federal Truth-in-Savings Act. This is a non-interest bearing demand deposit statement account from which withdrawals can be made by using checks. This account is not available to businesses, corporations, or for-profit organizations. Minimum Balance To Open This account may be opened with a minimum initial deposit of $100 or more. Other Conditions Though marketed through this account is available only: (A) by mail, (B) to customers having a Grand Yield Savings Direct account open for 30 days or more, (C) on which at least one successful electronic funds transfer ( EFT ) has been initiated through our Online Banking Funds Transfer Service. Charges To Maintain This Account There are no maintenance charges associated with your account regardless of the balance. Initial Order of Personalized Checks Your initial order of checks will be provided to you free of charge. Other Charges The charge for new check printing including micro-encoded deposit tickets varies with each order and is dependent upon quantity or style ordered. The same applies to an additional order of micro-encoded deposit tickets. See attached other charges specific to this account. Electronic Communications Under the Electronic Signatures in Global and National Commerce Act (15 U.S.C et. seq.), i.e., the E-Sign Act, I/We affirmatively consent to receive and exchange information including, but not limited to, periodic account statements, account disclosures and notices of change through electronic communications ( ECs ), as evidenced by the signature(s) appearing on the Signature Card in the application package downloaded by me at and returned to Apple Bank. NOTE: If you do not wish to receive or exchange information through ECs, you should not open this account. If you later wish to withdraw your consent, you must close the account. Also see: Electronic Communications and Your Rights, at Section XVI of the Online Banking Services Agreement. I/We represent that, following enrollment in Apple Bank s Online Banking Service at I/We will be able to access the information in the manner in which it is intended to be delivered, i.e., via PC or MAC through an Internet Service Provider ( ISP ) using a recommended Internet browser (see System Requirements, at Section XIV of the Online Banking Services Agreement) and Adobe Acrobat Reader. Online Statements This account provides for delivery of periodic Online Statements for your account only through ECs. We will send you an alert notifying you of the posting of your Online Statement each month if there is account activity or quarterly if there is no account activity. This statement will show all account activity during the previous statement period and will include digital images of the front of all paid and canceled checks, all deposits made, and any charges incurred. A charge may apply for a copy of the back of any paid check you request. See attached Other Charges specific to this account for applicable charges. The cutoff date, which determines the statement cycle, will occur at the end of each month. You must examine the statement (and checks) and notify the Bank within 14 days, in writing, of any discrepancies. If the discrepancy concerns an ATM or other electronic funds transfer transaction (federal recurring payments, payroll deduction, etc.) this notification period is extended to 60 days. If we do not hear from you within these time frames, we will assume the statement is correct. Contact Information Whenever your address or other contact information changes, you must promptly update your information with the Bank so it can continue to communicate with you in a timely manner. You may do so securely through Online Banking, at Grand Yield Direct is a consumer online product service of Apple Bank for Savings, a New York State chartered savings bank. Apple Bank for Savings Established 1863 Member FDIC Page 1 of 2 05/01/12 B-234A rev 05/12

5 ACH/EFT & Check Payment Order On any given business day, when both ACH/EFT debits and/or checks are presented for payment against your account, Apple Bank will pay ACH/EFT debits first, followed by any checks presented. ACH/EFT debits will be paid in the order in which they are received by the Bank and then checks will be processed in the same manner. For example, if an ACH/EFT debit for $300 is presented for payment and two checks are also presented for payment, the ACH/EFT debit will be processed first, followed by the two checks in the order in which they were received by the Bank. Additionally, other EFT transactions, such as point-of-sale transactions, will be posted to your account throughout the day as they are received by the Bank. Where You Can Get Further Information Please contact CustomerLine at with any questions you may have regarding the information provided in this disclosure or how it affects your account relationship with us. For the speech or hearing impaired using a text transmitter, our TDD phone number is Grand Yield Direct is a consumer online product service of Apple Bank for Savings, a New York State chartered savings bank. Apple Bank for Savings Established 1863 Member FDIC Page 2 of 2 05/01/12 B-234A rev 05/12

6 Other Charges Specific to Checking Accounts, NOW Checking, and Money Market Accounts Abandoned property (advertising and certified mailing costs) Varies dependent upon Bank costs Account research/transcript/reconciliation $ per hour, one half-hour minimum ATM deposit adjustment (depositor error) per transaction Canceled stop payment order per cancellation Certified check per item Collection of foreign checks per item Deposited items returned (checks negotiated through us, drawn on other banks, which are returned unpaid) Documentation production/subpoena compliance (where legally permissible, the Bank will charge the differential between statutory payments and standard Bank charges for document production required by a subpoena, summons, etc.) per item Varies per action Legal process (liens, levies, restraining orders, etc.) per action Non-sufficient funds (checks drawn, ATM/POS, ACH/EFT, and ATM/CheckCard transactions which are paid, at the sole discretion of the Bank, against non-sufficient funds) per item Outgoing collections per item Payments against uncollected funds (checks drawn on your account or ACH/EFT debits which are paid, at the sole discretion of the Bank, against uncollected funds) per item Photocopy 7.50 per check or statement Returned checks (insufficient funds/uncollected funds including ACH/EFT debits) per item Returned mail-handling charge for undeliverable statements per first return Review of legal documents presented to open an account or amend ownership of an existing account (excluding decedent accounts) Rolled coin - bought, sold, deposited, or withdrawn (excess of ten rolls) Standard bank confirmation (verification of deposit, loan, or other account information) per review.20 each per request Stop payment order per stop Please refer to our Maintenance and Service Charges brochure for a complete listing of all other service charges. Grand Yield Direct is a consumer online product service of Apple Bank for Savings, a New York State chartered savings bank. Apple Bank for Savings Established 1863 Member FDIC Page 1 of 1 5/1/2012 ND-CHGE rev

7 FACTS Why? Rev. May 2012 WHAT DOES APPLE BANK FOR SAVINGS DO WITH YOUR PERSONAL INFORMATION? Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do. What? The types of personal information we collect and share depend on the product or service you have with us. This information can include: Social Security Number and income Account balances and payment history Credit history and credit scores How? All financial companies need to share customers personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customers personal information; the reasons Apple Bank for Savings chooses to share; and whether you can limit this sharing. Reasons we can share your personal information Does Apple Bank share? Can you limit this sharing? For our everyday business purposes -- No such as to process your transactions, maintain your account(s), respond to court orders and legal investigations, or report to credit bureaus For our marketing purposes -- No to offer our products and services to you For joint marketing with other financial companies No For our affiliates everyday business purposes -- information about your transactions and experiences For our affiliates everyday business purposes -- information about your creditworthiness No (check your choices below) For our affiliates to market to you (check your choices below) For nonaffiliates to market to you (check your choices below) To limit our sharing Call toll-free our menu will prompt you through your choice(s) Mail the form below Please note: If you are a new customer, we can begin sharing your information 30 days from the date we sent this notice. When you are no longer our customer, we continue to share your information as described in this notice. However, you can contact us at any time to limit our sharing. Questions? Call toll-free Mail-in Form Leave Blank OR If you have a joint account, your choice(s) will apply to everyone on your account. Mark any/all you want to limit: Do not share information about my creditworthiness with your affiliates for their everyday business purposes. Do not allow your affiliates to use my personal information to market to me. Do not share my personal information with nonaffiliates to market their products and services to me. Name Address City, State, Zip Account Number Mail to: Apple Bank for Savings CustomerLine 1395 Northern Boulevard Manhasset, New York 11030

8 Page 2 Who we are Who is providing this notice? Apple Bank for Savings What we do How does Apple Bank for Savings protect my personal information? How does Apple Bank for Savings collect my personal information? Why can t I limit all sharing? To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings. We collect your personal information, for example, when you open an account or deposit money pay your bills or apply for a loan use your credit or debit card. We also collect your personal information from others, such as credit bureaus, affiliates, or other companies. Federal law gives you the right to limit only sharing for affiliates everyday business purposes -- information about your creditworthiness affiliates from using your information to market to you sharing for nonaffiliates to market to you What happens when I limit sharing for an account I hold jointly with someone else? Definitions Affiliates Nonaffiliates Joint marketing State laws and individual companies may give you additional rights to limit sharing. Your choices will apply to everyone on your account. Companies related by common ownership or control. They can be financial and nonfinancial companies. Our only affiliate is ABS Associates of New York, Inc., Apple Bank s wholly owned insurance subsidiary. Companies not related by common ownership or control. They can be financial and nonfinancial companies. Nonaffiliates we share with can include mortgage companies, insurance companies, direct marketing companies, and nonprofit organizations. A formal agreement between nonaffiliated financial companies that together market financial products or services to you. Apple Bank s joint marketing partners include credit card companies and companies that provide checking account enhancement programs and benefits. B-291