NOTICE - ANNUAL MEETING OF MEMBERS

Notice is hereby given that the Annual Meeting of Members (the “Annual Meeting”) of Security Federal Mutual Bancorp (the “MHC”) will be held at the office of Security Federal Savings Bank located at 314 Fourth Street on Wednesday, May 15, 2024, at 1:00 p.m. Eastern Time, and at any adjournment thereof. The record date for members eligible to participate in the Annual Meeting is March 31, 2024. The purpose of the Annual Meeting is to consider and vote upon the election of Mr. Jeff Baker, Mrs. Annette Russel, and Mr. Scot Ortman as directors and such other business as may properly come before the Annual Meeting or any adjournment thereof.

Checking & Savings Rates

We have multiple accounts to match your ever-changing financial needs. Check our competitive personal and business bank rates.

Rates effective as of 05.02.2024

Personal Checking Accounts

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Account Name	Minimum to Open	Minimum to Avoid Service Fee	Minimum to Earn APY	Interest Rate	APY
Absolutely Free Checking	$50.00	None	None	None	None
Youth Checking	$10.00	None	None	None	None
50+ Interest Checking	$50.00	None	None	0.02%	0.02%
Benefits Checking	$50.00	None	None	None	None
Prestige Interest Checking	$50.00	$1,500.00	$0.01 $25,000.00	0.05% 0.07%	0.05% 0.07%

Personal Savings Accounts

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Account Name	Minimum to Open	Minimum to Avoid Service Fee	Minimum to Earn APY	Interest Rate	APY
Personal Savings	$50.00	None	$500.00	0.06%	0.06%
Youth Savings	$10.00	None	$0.01	0.10%	0.10%
Christmas Club	$0.00	None	None	0.10%	0.10%
Health Savings	$0.00	None	$0.01 $2,500.00 $10,000.00	0.07% 0.40% 0.40%	0.07% 0.40% 0.40%
Personal Money Market	$50.00	$2,500.00	$0.01 $2,500.00 $100,000.00 $250,000.00 $500,000.00 $1,000,000.00	0.10% 0.10% 0.15% 0.25% 0.35% 0.40%	0.10% 0.10% 0.15% 0.25% 0.35% 0.40%
SecFed High Yield Money Market	$50	$5,000.00	$0.01 $5,000 $100,000 $250,000	0.10% 2.00% 2.50% 3.50%	0.10% 2.02% 2.53% 3.56%

Personal CDs

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Term	Minimum to Open	Minimum Balance	Interest Rate	APY
3 Month	$1,000.00	$1,000.00	0.41%	0.41%
6 Month	$1,000.00	$1,000.00	0.51%	0.51%
12 Month	$1,000.00	$1,000.00	0.71%	0.71%
18 Month	$1,000.00	$1,000.00	1.26%	1.27%
24 Month	$1,000.00	$1,000.00	2.06%	2.08%
30 Month	$1,000.00	$1,000.00	2.06%	2.08%
36 Month	$1,000.00	$1,000.00	1.74%	1.75%
48 Month	$1,000.00	$1,000.00	1.64%	1.65%
60 Month	$1,000.00	$1,000.00	1.54%	1.55%

Personal CD Specials

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Term	Minimum to Open	Minimum Balance	Interest Rate	APY
7 Month Special	$1,000.00	$1,000.00	4.80%	4.85%
15 Month Special	$1,000.00	$1,000.00	4.36%	4.43%
Your Flex CD (15 Month)	$2,500.00	$2,500.00	4.26%	4.33%

Make 1 FREE withdrawal from your Flex CD each month as long as the balance is above $10,000 at the time of the withdrawal. Make deposits into your Flex CD as much as you like!

A penalty may be imposed for any CD withdrawals before maturity.