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Emerald Bank

Business Savings Accounts

Rate Information: This Account is an interest bearing account. The interest rate and annual percentage yield are included in the Rate Chart. 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 on the business day you deposit noncash items (for example, checks). Interest will be compounded monthly and will be credited to the account on the last business day of each month. If the account is closed before interest is credited you will not receive the accrued interest.

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. You must maintain a minimum balance of $100.00 in the account each day to obtain the disclosed annual percentage yield.

Limitations: You must deposit $100.00 to open this account.Transfers from a Business Savings account to another account or to third parties by preauthorized, automatic, or telephone transfer are limited to six(6) per month with no transfers by check, draft, debit card or similar order to third parties.

Account Fees: There is no monthly service charge if the daily balance is $100.00 or more at all times. Monthly service charge if the daily balance drops below $100.00 any day of the monthly period is $3.00. A withdrawal fee of $5.00 will be charged for each withdrwal in excess of two(2) during a month. An early account closing fee of $10.00 will be imposed if you close the account within 90 days of opening.

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