bedfordbank - Products

WHICH PRODUCT IS FOR YOU?

At Bedford Bank, "Right Now!" is our way of saying you deserve more than just the most progressive banking services. You deserve the special attention you get from a bank that is locally owned and operated. So if you need a loan, it means working directly with the decision-makers. If you have a question, it means being able to speak with someone who can give you the information you need promptly.

We are recognized as one of the soundest financial institutions in the state. Not only do we have the financial strength, but we also have the desire to invest in our customers and the community, because this is our community, too.

We invite you to take a look at the wide variety of services we have to offer. And when you need flexible, personalized banking services, remember that at

Bedford Bank, we're here for you!

CHECKING ACCOUNTS

Checking Account

Minimum
Balance

Specifications
of this Account

V.I.P. Checking
None

- AD&D insurance* available at 3 levels See Fees
- 400 club checks/calendar year at no charge
- Official check issue at no charge
    (up to 4 Cashier's Checks/Money Orders per month)
- Allowable Overdraft Privilege available
- Free Internet Banking and Bill Pay upon
   registration

Free Checking None - No monthly service charge
- No check or image return
- Allowable Overdraft Privilege available
- Free Internet Banking and Bill Pay upon
   registration

NOW Checking $1,000 - Competitive interest rate See Rates
- Fees could reduce the earnings on the account.
- $8.00 service charge*
- Allowable Overdraft Privilege available
- Free Internet Banking and Bill Pay upon
   registration
- Corporations may not apply

Super NOW Checking $2,500 - Higher interest rate than NOW See Rates
- Fees could reduce the earnings on the account.
- $11.00 service charge*
- Allowable Overdraft Privilege available
- Free Internet Banking and Bill Pay upon
   registration
- Corporations may not apply

Money Market Checking $1,000 - 4 tiers to maximize your return See Rates
- Fees could reduce the earnings on the account.
- 6 transfers per statement cycle
    (3 by checks to 3rd parties/3 by drafts & transfers)
- $11.00 service charge*
- Allowable Overdraft Privilege available
- Free Internet Banking and Bill Pay upon
   registration

Business Checking $500 - 250 transactions/month at no charge See Fees
- Fees could reduce the earnings on the account.
- $9.00 service charge*
- Free Internet Banking and Bill Pay upon
   registration

Business Money Market $1,000 - 4 tiers to maximize your return See Rates
- Fees could reduce the earnings on the account.
- 6 transfers per statement cycle
    (3 by checks to 3rd parties/3 by drafts & transfers)
- $11.00 service charge*
- Free Internet Banking and Bill Pay upon
   registration

Gold 50 Checking

     For those of you
     age 50 or better $100
- AD&D insurance* in the amount of $1,000
- 200 club checks/calendar year at no charge
- Official check issue at no charge
    (up to 4 Cashier's Checks/Money Orders per month)
- $8.00 service charge*
- Allowable Overdraft Privilege available
- Free Internet Banking and Bill Pay upon
   registration

Gold 50 Plus

     For those of you
     age 50 or better None - AD&D insurance* in the amount of $11,000
- 400 club checks/calendar year at no charge
- Official check issue at no charge
    (up to 4 Cashier's Checks/Money Orders per month)
- $7.00 service charge per month
- Allowable Overdraft Privilege available
- Free Internet Banking and Bill Pay upon
   registration

Regular Checking $500 - $7.00 service charge*
- Allowable Overdraft Privilege available
- Free Internet Banking and Bill Pay upon
   registration

Student Checking None
- No monthly service charge
- Allowable Overdraft Privilege available
- Free Internet Banking and Bill Pay upon
   registration

* Service charges apply if average daily balance falls below minimum balance requirement.
* Accidental Death & Dismemberment insurance offered by Affinion Group and is underwritten
by Hartford Life Insurance Company.

SAVINGS ACCOUNTS

Savings Account

Minimum
Balance

Specifications
of this Account

Passbook Savings $100 - competitive rate to maximize your return See Rates
- Fees could reduce the earnings on the account.
- $5.00 service charge*
- $5.00 excess withdrawal fee
    (maximum of 5 withdrawals per quarter)
- Free Internet Banking and Bill Pay upon
   registration

Christmas Club $1.00 - See Rates page for current rate
- Fees could reduce the earnings on the account.
- $6.00 penalty for early withdrawal
- Enrollment begins November 1st of each year and
   end no later than October 20th of each year
- Free Internet Banking upon registration

* Service charges apply if average daily balance falls below minimum balance requirement.

CERTIFICATES OF DEPOSIT

Certificates of Deposit allow you to invest for the term you desire at a guaranteed rate
of return. If you have at least $500, you may choose from a 12, 18, 24, 36, 48 or 60
month CD. To purchase a 7-91 day, 6 month or 15 month FLEX CD, you must have at
least $1,000 to invest.

Our FLEX CD lets you exercise your right to earn more! Instead of locking you into
one interest rate and a single deposit, the FLEX CD gives you options that can make
your money work harder. During the life of your CD, you have the opportunity to flex
your money's muscle and:

* MOVE TO A HIGHER INTEREST RATE AS RATES RISE
* MAKE AN ADDITIONAL DEPOSIT

With $10,000 or more, our Rising Rate CD gives you guaranteed interest rate increases
every six months. You also have the choice of the way in which you receive the
interest earned on your CD and how often you receive it.

As an added benefit, upon Bedford Online Banking registration, you can access your CDs via the Internet. You may set up notifications pertaining specifically to your CD, such as being notified as to when your CD will mature. You may also view the amount of interest that has been compounded to your CD, if this is the way you have the CD set up.

Contact a Customer Service Representative today for more details! See Rates
Penalty for early withdrawal may apply. Other rules and restrictions apply.

INDIVIDUAL RETIREMENT ACCOUNTS

Thinking about retirement? It is never too early to plan for the future. Begin saving
now with an IRA. An IRA is a personal savings plan that gives you tax advantages for
setting aside money for retirement. Two tax advantages of an IRA include:

        * Contributions you make to an IRA may be fully or partially deductible,
          depending on which type of IRA you have and on your circumstances,
        * Generally, amounts in your IRA are not taxed until distributed. In some
            cases, amounts are not taxed at all if distributed according to the rules.

We offer two types of IRAs, Traditional and Roth. Which one suits your needs?
Let's take a look...

        TRADITIONAL IRA - A traditional IRA is a personal savings plan that gives you tax
                          advantages for saving for retirement. Contributions to a traditional
                          IRA may be tax deductible - either in whole or in part. Also, the
                          earnings on the amounts in your IRA are not taxed until they are
                          distributed. The portion of the contributions that was tax deductible
                          does not get taxed until distributed. Please contact your tax advisor
                          for more information.

        ROTH IRA - A Roth IRA is also a personal savings plan, but operates somewhat in
                          reverse compared to a traditional IRA. For instance, contributions to
                          a Roth IRA are not tax deductible while contributions to a traditional
                          IRA may be deductible. However, while distributions from a
                          traditional IRA may be included in income, the distributions from a
                          Roth IRA are not included in income. For both types, traditional and
                          Roth, earnings that remain in the account are not taxed. Please
                          contact your tax advisor for more information.

Access your IRAs online with Bedford Online Banking! Upon registration, you will have free Internet Banking access, which entitles you to have access to your accounts, even your IRA. You can keep track of your balance as well as the contributions and distributions that have been made. Sign up today to monitor your retirement fund!

Visit us today to open up your IRA! Rules and restrictions apply See Rates
Resources: http://www.irs.gov/pub/irs-pdf/p590.pdf Internal Revenue Service

LOANS

The money we invest in loans helps our community grow and prosper. And when you
choose Bedford Loan and Deposit Bank, you work directly with the decision-maker.
You never have to leave a vital determination up to a stranger who works a thousand
miles away. Loans are custom tailored to your needs.

Monitor your loan activity by signing up with Bedford Online Banking. With free Internet Banking access upon registration, you can have access to all of your loans online. You may make loan payments by transferring money from your Checking or Savings account to your individual loan. Sign up today to keep track of your loans!

MORTGAGE and REAL ESTATE

INSTALLMENT

BUSINESS and COMMERCIAL

REVOLVING LINE OF CREDIT

SECONDARY MARKET

NEW! HOME EQUITY LINE OF CREDIT (HELOC)

MORTGAGE and REAL ESTATE LOANS

Whether you are looking to purchase a "new" home or wanting to refinance and
consolidate debt, our mortgage and real estate loans are your best choice.

Land Development

Construction

Residential Lot

Home Purchase

Refinance Fixed-Rate Loans

Investment and Commerical Loans

CONTACT A LOAN OFFICER TODAY FOR A MORTAGE LOAN! Contact Us