Consumer Banking Fee Schedule

http://www.salemfive.com/ Corporate Headquarters 210 Essex Street, Salem, MA 01970 (978) 745-5555 Effective Date: December 1, 2011
This Consumer Banking Fee Schedule is part of your Consumer Banking Services Agreement. It contains the monthly fees, transaction fees, minimum balance requirements, and other fees that may apply to your consumer account at Salem Five. We will give you notice before the effective date of any change. You will not be charged a monthly maintenance fee as long as you maintain the minimum balances listed for your account. If you are 65 years of age or older or 18 years of age or younger, or if you receive SSA or SSI benefits, please refer to back panel for information on fee exemptions for which you may qualify.

Checking Accounts
Account Name Monthly Maintenance Fee $20 Minimum Daily Balance to Waive Monthly Fee $5,000 minimum daily balance or a combined deposit ledger balance and/or outstanding loan balance of $20,0002 $1,500 minimum daily balance or a combined deposit ledger balance and/or outstanding loan balance of $5,0002. $15 (Also, waived if you have your payroll or monthly Social Security payment directly deposited to your account; or you establish and maintain an automatic transfer from this account to pay a Salem Five Mortgage) Online Banking w/ Bill PayNo Charge Banking through Quicken -$7.50 Charge per Check Paid ATM Transactions at non-Salem Five 1 ATMs Monthly Online Banking Fees Online Banking w/ Bill PayNo Charge Banking through Quicken - No Charge

Gold Star Checking

No Charge

Unlimited

Star Checking

No Charge

Unlimited

eOne Checking

N/A

N/A

No Charge

Unlimited

Free Checking

N/A

N/A

No Charge

$1.25

Smart Student Checking

N/A

N/A

No Charge

Unlimited

Online Banking w/ Bill PayNo Charge Banking through Quicken -$7.50 Online Banking w/ Bill PayNo Charge Banking through Quicken -$7.50 Online Banking w/ Bill PayNo Charge Banking through Quicken -$7.50

Money Market Accounts

Account Name Advantage Money Market Star Money Market Monthly Maintenance Fee $15.00 N/A Minimum Daily Balance to Waive Monthly Fee $2,500 N/A Excess Debit Fee $10.00 $10.00 ATM Transactions at non-Salem 1 Five ATMs $1.25 $1.25

A Money Market account is a limited transaction investment account that permits up to six pre-authorized, automatic or telephone transfers per month. Transfers or withdrawals by check, debit card, or similar order payable to third parties are included in the aggregate limit of pre-authorized transfers. Debits in excess of these limitations are assessed the excess debit fee. Check access is not available for Star Money Market accounts.

Available only to Star or Gold Star Checking Accounts Customers.

Savings Accounts
Account Name Statement Savings eOne Savings High Yield Deposit Premium High Yield Deposit Gold Star Saver Monthly Maintenance Fee $3.00 N/A N/A N/A N/A Minimum Daily Balance to Waive Monthly Fee $300 N/A N/A N/A N/A Excess Debit Fee $10.00 $10.00 $10.00 $10.00 $10.00 ATM Transactions at non-Salem 1 Five ATMs $1.25 $1.25 Unlimited Unlimited $1.25

A savings account is a limited transaction account that permits up to six pre-authorized, automatic or telephone transfers per month to third parties or between deposit accounts within the Bank. Debits in excess of these limitations are assessed the excess debit fee.
KMS 12012011 eBanking

SPECIAL SERVICES
Checking and Savings Account Related Fees
Checks and all other debits presented against insufficient or uncollected funds3 (NSF) Overdraft Protection Annual Fee Overdraft Deposit Sweep (OD Deposit Sweep), per item Returned Deposited/Cashed Item4 Stop Payment Order Certified Check Copy of Check, Statement or Deposit Slip5 Lost Passbook Fee Check Printing and Supplies Cash Advance (non-customers) New Account Closed within 90 Days Account Closing By Mail Inactivity Fee6 Branch Transaction Fee Paper Statement Fee $35.00 $25.00 $3.00 $5.99/$7.50 $20.00 $10.00 $5.00 $20.00 Fees Vary $5.00 $10.00 $10.00 $5.00 $9.95 $2.95

Miscellaneous Fees
Money Order Treasurers Check Travelers Checks Foreign Check Collections7 - Canadian Items - All Other Items Coupon Collection Fee (per envelope processed) Coupon Envelope Returned (per envelope) $3.00 $5.00 1% of Total Purchase $10.00 $25.00 $5.00 $5.00

General Account Related Fees

Account Reconciliation (per hour) Account Research (per hour) Incoming Wire Transfers7,8 - Standard (Mail Confirmation) - Phone or Fax Confirmation Outgoing Wire Transfer7 - Domestic - Foreign (In US Currency) (In Foreign Currency) Escheat Processing (Abandoned Property) Legal Processing - Government Levy - Trustee Attachment or Other Legal Service $25.00 $25.00 $10.00 $15.00 $20.00 $40.00 $30.00 $50.00 $50.00 $50.00

Electronic Banking Fees

Withdrawals or Inquiries at Salem Five ATM locations Withdrawals or Inquiries at Non-Salem Five ATM locations Point of Sale Transaction ATM/Visa Debit Card Replacement $10.00 External Fund Transfer Debit Expedited Fee -Expedited Electronic Payment -Expedited Payment by Overnight Check No Charge $1.25 No Charge

$3.00 $5.00 $16.00

Retirement Accounts
IRA Annual Service Fee Qualified Plan Annual Service Fee Distribution / Transfer Fee $25.00 $15.00 $25.00

Health Savings Accounts

HSA Set-up Fee $25.00 Monthly Maintenance Fee $2.50

1 If you initiate a transaction at an ATM not operated by Salem Five, a surcharge may be applied by that operator and/or by an automated transfer network. For Gold Star Checking and On the Job Star Checking ATM surcharges will be reimbursed each statement cycle. For the eChecking, ATM surcharges will be reimbursed up to $10.00 per statement cycle. For the eOne Checking, Smart Student Checking and Star Checking, ATM charges will be reimbursed up to $15.00 per statement cycle 2 Only consumer accounts qualify. Mortgage balances are excluded. Combined balance is based on the previous month ledger balance for deposit accounts and previous month-end balance for loan accounts. 3 This per item fee is imposed for overdrafts created by checks, in-person withdrawals, ATM withdrawals, and other electronic means (as applicable), whether the item is paid at our discretion or returned unpaid. The first five (5) NSF items paid per day will be charged the fee as an NSF Paid Item Fee, whereas any NSF items returned unpaid will be charged an NSF Returned Item Fee. Should a transaction overdraw your account in the amount of $5.00 or less, your account will not be charged. 4 Or,as established from time to time by the Commissioner of Banks. If the item returned is drawn on an account held by the Salem Five accountholder at another bank, the fee assessed is $7.50. 5 Per statement, deposit slip or check (first 25 checks requested annually per account are free after which the per item charge applies). No charge for check copy on QuikCheckSM accounts. 6 The inactivity fee will be imposed on checking accounts if the average daily balance is below $250.00 and the account has been inactive for the preceding 12 months. 7 Additional charges may be assessed by intermediary bank(s). These charges will be deducted from the check or wire transfer proceeds. 8 eOne Checking, eChecking and eSavings customers will be reimbursed up to $20 per statement cycle.

NOTICE FOR PERSONS 65 YEARS OF AGE OR OLDER OR 18 YEARS OF AGE OR YOUNGER: You will be entitled to one savings account and one 18-65 checking account free of specific service charges upon notification to the Bank and presentation of proof of age. To qualify, you must be the sole or primary (first listed) owner on the account. Star Checking, Gold Star Checking, Presidents Club Checking, Money Market accounts and all business accounts are excluded. The following fees apply to eligible accounts: A $5.00 fee will apply for checks or other debits returned by the Bank for insufficient or uncollected funds. Check printing fees will be waived for basic checks only. Online Banking with Bill Pay is free. Banking Through Quicken is available for $7.50/month. Contact us for more information. NOTICE FOR PERSONS RECEIVING SSA OR SSI BENEFITS: If you have your monthly SSA or SSI benefits directly deposited to a Star Checking Account, the Bank will not assess a monthly maintenance fee. If notified by qualified accountholders, the Bank will not assess a monthly maintenance fee on your savings account which receives SSA or SSI benefits. Connecting all offices: 978-745-5555 Loan Center: 1-800-850-5000 Business Banking: 978-720-5955 Salem Five AccessLine: 978-745-7787 or 1-800-255-7787

Equal Housing Lender

KMS 12012011_E Banking

Member FDIC Member DIF

Member SUMSM ATM Alliance