Freestyle Savings

Savings Account: Freestyle Savings

Minimum to Open: $25.00

Monthly Service Charge: $5.00

Requirements to Avoid Service Charge

A $5.00 service charge will be assessed monthly unless one of the following account conditions is met:

• The minimum daily collected balance in the account is at least $250.00 on every day of the month; or

• The client has one or more debit and/or credit transactions post to the account per month. For example, this includes deposits and withdrawals by check, in-person, ATM or by electronic means. It does not include interest, fees and transactions assessed by the Bank; or

• Monthly service charges do not apply when the primary accountholder is under 18 or age 64 or older, provided there is a valid date of birth on file. Other fees, including transaction fees, may still apply.

Account Features

Statement: Imaged statements are produced and delivered quarterly, free of charge, in the Personal Digital Banking applications. If your account has electronic transactions during any month of the quarter, a monthly statement will be produced. Paper statements may be available, free of charge, upon request. Contact a banker, at any time, if you do not receive a statement for this account.

Closing Service Charge: During the first one hundred eighty (180) calendar days from account opening, the closing service charge is held from the account's current balance and is not available for withdrawal. If the account remains open after this timeframe, then held funds are released and available for withdrawal. If the account closes within the first 180 days from account opening, the withheld fee is automatically collected from funds at account closure. See "Closing Service Charge" under the Fees section below.

Account Closure: We may close any account, in our sole discretion, at any time, for any reason, and without notice to you. For example, if this account maintains a $0 balance and a $0 accrued interest balance for at least sixty (60) consecutive calendar days, we may close this account at the end of that calendar quarter.

Inactive Account: An inactive account is defined as an account having no client-initiated activity or contact for a period of 180 consecutive calendar days. Client-initiated activity reactivates an inactive account and includes deposits and withdrawals made in-person, by check, ATM or by electronic means. It does not include any interest, fees and charges assessed by the Bank. Please note that depositing funds via Mobile and Online Banking reactivates your account. However, with Mobile and Online Banking, if your account is inactive, you may not be able to transfer money out of your account. You can reactivate your account by visiting a Financial Center or calling our Contact Center at 1-800-448-8812 to speak to an associate. Your account should resume all normal activities by the next business day after contact or client-initiated activity has occurred. If your savings account has not had client-initiated activity or contact for 2 years, your account will become dormant, as disclosed in the "Dormant Account" section below and in the "Unclaimed Property and Dormant Accounts" section of the Deposit Agreement. 

Fees

• Closing Service Charge withheld when the account is closed within one hundred eighty (180) days of opening: $20.00

• Dormant Account (No client-initiated debit or credit activity for two (2) years): No dormancy fee will be assessed.

• NSF Items and Overdrawn Balances: Items include, but are not limited to, checks, in-person withdrawals, ATM withdrawals or other withdrawals by electronic means. Please see our Deposit Agreement for our definition of "item". An item presented for payment against an insufficient available balance in your account is an NSF item. There may be instances when we return NSF items when they have been presented to us for payment. We don't charge a fee in those instances. There may be transactions that create an overdraft in your account for which we will not charge an overdraft fee. However, if your account becomes overdrawn, you must immediately bring it to a positive balance.

For additional charges which may be applied to this account, please refer to the Other Fees for Commonly Used Services section of this document.

Rate Information: A tiered interest rate applies based on the minimum daily collected balance in your account.

Frequency of Rate Changes: At the bank’s discretion, we may change the interest rate and annual percentage yield (APY) on this account at any time without prior notification to you.

Compounding and Crediting: Interest is paid on balances of $.01 and more. Interest will be compounded and credited to the account on a quarterly basis. Interest begins to accrue on the date the deposit is posted to the account. If the account has a zero or negative balance, and the accrued interest is less than or equal to $5.00, then the interest will be forfeited. If the account is closed before interest has been credited to the account, all accrued interest will be paid to you.

Balance Computation Method: The daily balance method is used to calculate the interest on the account. This method applies a daily periodic rate to the collected balance in the account each day.