12. Interest – Interest is calculated using the daily balance method. This method applies a daily periodic rate to the collected balance in the account each day. Annual Percentage Yield (APY) is variable and may change after account is opened. Other fees may apply and may reduce earnings. Contact a branch for details. 13. Premium Rate Tier – Premium rate tiers are applied automatically to linked money market or savings accounts, CDs, and IRA accounts when the primary owner of the checking account is also an owner of the linked interest bearing account. Please see Consumer Deposit Rate Sheet for details. 14. Discounted Checks – Discounted check orders must be ordered through CB&T to qualify. Checks can be ordered through a branch, Online banking, or through Customer Service. 15. Excessive Savings or Money Market Withdrawals – There is a limit of six (6) withdrawals in a monthly statement cycle if the withdrawals are by check, debit card, or pre-authorized, made by telephone, or made by an online or mobile transfer of funds. If you make more than six limited withdrawals in a statement cycle, you may incur a fee for each excess withdrawal. However, you may make an unlimited number of withdrawals from your account in person, by ATM, or by mail. 16. Linked Account Benefit – Monthly service fees are waived when the primary owner of the checking account is also an owner on the linked account. 17. Certificates of Deposit Interest – Interest is calculated on collected funds only. Annual Percentage Yield (APY) is fixed for the term of the CD. Penalties assessed for early withdrawal. Fees may reduce earnings. 18. Fixed Interest Rate on Certificates of Deposit – Your disclosed interest rate will not change until the CD renews at first maturity. Your CD will renew automatically at maturity for a similar period unless we send you notice of nonrenewal. We will send a notice before maturity to provide you with an opportunity to prevent renewal during the grace period. 19. IRA Withdrawals and Fees – IRA account must be single owner. Annual contribution limits may apply. Please consult your tax professional for information regarding tax deductibility, required distributions, and before making withdrawals. Withdrawals made from an IRA product before age 59 1/2 may be subject to Federal taxes and penalties. There is an annual maintenance fee of $15 per plan holder for IRA Certificates of Deposit. 20. The FDIC provides separate coverage for deposits held in different account ownership categories. Depositors may qualify for coverage over $250,000 if they have funds in different ownership categories and all FDIC requirements are met. Click here to learn more about how to increase your FDIC insurance coverage. For additional information, use the FDIC’s Electronic Deposit Insurance Estimator (EDIE).
15
Made with FlippingBook flipbook maker