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, Logansport, Indiana on Wednesday, May 21, 2025, 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, 2025. The purpose of the Annual Meeting is to consider and vote upon the election of Dr. Dianne Brown, Mr. Derek Fisher, and Mr. Michael Ivy as directors and such other business as may properly come before the Annual Meeting or any adjournment thereof.

Allison Crowell
CORPORATE SECRETARY

Business Deposit Rates

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

Rates effective as of 05.20.2025

Business Checking Accounts

Account Name	Minimum to Open	Minimum to Avoid Service Fee	Minimum to Earn APY	Interest Rate	APY
Absolutely Free Business Checking	$50.00	None	None	None	None
Business Interest Checking	$50.00	$1,500.00	$0.01	0.05%	0.05%

Business Savings Accounts

Account Name	Minimum to Open	Minimum to Avoid Service Fee	Minimum to Earn APY	Interest Rate	APY
Business Savings	$50.00	$500.00	$0.01 $25,000.00 $50,000.00	0.10% 0.10% 0.10%	0.10% 0.10% 0.10%
Business Money Market	$50.00	$2,500.00	$0.01 $2,500.00 $50,000.00 $100,000.00 $250,000.00	0.10% 0.10% 0.20% 0.25% 0.40%	0.10% 0.10% 0.20% 0.25% 0.40%
SecFed High Yield Money Market for Business	$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%

Business CDs & IntraFi/ICS Accounts

Term	Minimum to Open	Early w/d Penalty	Interest Rate	APY
3 Month	$100,000.00	90 days	0.51%	0.51%
6 Month	$100,000.00	180 days	0.51%	0.51%
12 Month	$100,000.00	365 days	0.71%	0.71%
18 Month	$100,000.00	365 days	1.26%	1.26%
2 Year	$100,000.00	365 days	1.75%	1.75%
3 Year	$100,000.00	730 days	1.74%	1.74%
5 Year	$100,000.00	1,095 days	1.54%	1.54%

Business CDs

Account Details | Find Local Branch

Term	Minimum to Open	Minimum Balance	Interest Rate	APY
3 Month	$500.00	$500.00	0.41%	0.41%
6 Month	$500.00	$500.00	0.51%	0.51%
12 Month	$500.00	$500.00	0.71%	0.71%
18 Month	$500.00	$500.00	1.26%	1.27%
24 Month	$500.00	$500.00	1.75%	1.76%
30 Month	$500.00	$500.00	1.85%	1.86%
36 Month	$500.00	$500.00	1.74%	1.75%
48 Month	$500.00	$500.00	1.64%	1.65%
60 Month	$500.00	$500.00	1.54%	1.55%

Business CD Specials

Account Details | Find Local Branch

Term	Minimum to Open	Minimum Balance	Interest Rate	APY

4 Month Special	$500.00	$500.00	4.15%	4.21%
7 Month Special	$500.00	$500.00	4.10%	4.14%
Your Flex CD (15 Month)¹	$500.00	$500.00	3.90%	3.96%
15 Month Special	$500.00	$500.00	4.00%	4.06%
Your Flex CD (35 Month)¹	$500.00	$500.00	3.50%	3.55%

¹Interest compounds quarterly and credits quarterly. Early withdrawal penalty is $50 (if closed before maturity or make withdrawals when the balance is below $10,000.00) 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. Fees may reduce earnings on an account.

APY=Annual Percentage Yield. A penalty may be imposed for any CD withdrawals before maturity. Fees may reduce earnings on account.