Personal Investment Plus Account Disclosures

Rate information - At our discretion, we may change the interest rates for this account. Tier 1 – If your balance is $100,000.00 or more, the interest rate paid on the entire balance in your account will be 1.00% with an annual percentage yield (APY) of 1.00%. Tier 2 – If your daily balance is $50,000.00 or more, but less than or equal to $99,999.99, the interest rate paid on the entire balance in your account will be .35% with an annual percentage yield (APY) of .35%. Tier 3 – If your daily balance is $20,000.00 or more, but less than or equal to $49,999.99, the interest rate paid on entire balance in your account will be 0.25% with an annual percentage yield (APY) of 0.25%.  Tier 4 – If your daily balance is $2,500.00 or more, but less than or equal to $19,999.99, the interest rate paid on the entire balance in your account will be .15% with an annual percentage yield (APY) of .15%.

The interest rates may change at any time.

Compounding frequency - Interest will be compounded monthly.

Crediting frequency -Interest will be credited into this monthly.

Daily balance computation method - Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.

Accrual of interest on noncash deposits- Interest will begin to accrue on the business day you deposit noncash items (for example, checks) into your account.

Minimum balance to open - The minimum balance required to open this account is $20,000.00.
Minimum balance to obtain the disclosed annual percentage yield – You must maintain a minimum daily balance of $2,500.00 in your account each day to obtain the disclosed annual percentage yield.

Minimum balance to avoid a fee - If, during any month, your average daily balances falls below $20,000.00, your account will be subject to a $15.00 Account Maintenance Fee for that month. The average daily balance is calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period.  Fees could reduce earnings.

Deposit limitations – You may make an unlimited number of deposits into your account.

Withdrawal limitations - Transfers from a Personal Investment Plus Account to another account or to third parties by pre-authorized or automatic transfer are limited to 6 per statement cycle.  If you exceed the transfer or withdrawal limitations set forth above in any statement cycle, your account will be subject to a $15.00 per withdrawal fee.