Business Saver

*^Business Saver accounts must be connected to a Business Cash Checking or Business Cash Back Checking account. In order for your Business Saver account to qualify for rewards, the qualifications must be met on the respective checking account. When your Business Cash Checking or Business Cash Back Checking account qualifications are met during a Monthly Qualification Cycle, daily balances up to $100,000 in your Business Saver account earn an interest rate of 2.9595% resulting in an APY of 3.00%; and daily balances over $100,000 earn an interest rate of 0.3494% resulting in an APY of 0.35% on the portion of the daily balance over $100,000, resulting in a range from 3.00% APY to 0.35% APY depending on the account's daily balance. When Business Cash Checking or Business Cash Back Checking account qualifications are not met during a Monthly Qualification Cycle, the entire daily balance in the Business Saver account earns an interest rate of 0.05% resulting in an APY of 0.05%. This is a variable rate account. The interest rate and annual percentage yield may change. The interest rate is determined at our discretion and we may change the interest rate on your account at any time, without any limitations, and without notice to you. There is no limit on the amount the interest rate and APY can change. Interest is credited to your Business Saver account every month on the last day of the current statement cycle. The advertised APY is based on compounding interest; actual interest amount paid may be less than the advertised APY. Compounding frequency - Interest will be compounded daily. Crediting frequency - Interest will be credited into this account monthly on the last day of the current statement cycle. Balance computation method - Interest is calculated by the daily balance method which applies a daily periodic rate to the principal in the account each day for the period. The period we use is statement cycle. Accrual of interest on non-cash deposits - Interest will begin to accrue on the business day you deposit non-cash items (for example, checks) into your account. Minimum deposit to open - The minimum deposit required to open the Business Saver account is $25.00. Effect of closing account - If you close your account before interest is credited, you will not receive the accrued interest. Saver ATM transaction fees are not reimbursed nor refunded. Monthly Qualification Cycle - means a period beginning one (1) business day prior to the first day of the current statement cycle through one (1) business day prior to the last business day of the current statement cycle. Statement Cycle - The period of time for which The Tri-County Bank provides a summary of the financial activities and transactions that post and settle to the account. The statement cycle for this account is the third Wednesday of the month. Business Day - A calendar day other than a Saturday or a Sunday, January 1, the third Monday in January, the third Monday in February, the last Monday in May, June 19, July 4, the first Monday in September, the second Monday in October, November 11, the fourth Thursday in November, or December 25. If January 1, June 19, July 4, November 11, or December 25 falls on a Sunday, the next Monday is not a business day. APY = Annual Percentage Yield. APY calculations are based on an assumed balance of $25,000 + $100,000 in your Business Cash account and $100,000 + $100,000 in your Business Saver and an assumed statement cycle of thirty-one (31) days. Rates, APYs, rewards, and bonuses, if any, are variable and may change after the account is opened; rates may change without notice to you. No minimum balance is required to earn or receive the account's rewards. Rewards of less than a penny cannot be distributed. Fees may reduce earnings. You will automatically qualify for the account's rewards during your account's first statement cycle.