Rate Information: This Account is an interest-bearing account. The interest rate on the account is 0.05% with an annual percentage yield of 0.05% as of 12/9/2020. The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account daily. Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks). Interest will be compounded monthly and will be credited to the account monthly. Balance Information: We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day. We will use an interest accrual basis of 365 (or 366 in leap year) for each day in the year. Limitations: You must deposit $50.00 to open this account. The $100 bonus is available to only new customers and limited to one per household. Account Fees: You will be charged $2.00 for each non-American Bank ATM withdrawal in excess of 6 per month. A monthly fee of $5.00 will be charged for customers under 55 years of age and over 25 years of age if electing to receive paper statements. Bonus: You will receive $100.00 as a bonus after 1 deposit and 5 debits are made within the first 30 days. To obtain the bonus, you must maintain $0.01 for 30 days. $100 Bonus will appear as an account credit on the first business day after 30 days and all qualifications are satisfactorily met. Fees may reduce the earnings on the account.