SimplySavings

INFORMATION TO NOTE:
Rate information — Your interest rate and annual percentage yield may change.
Frequency of rate changes — We may change the interest rate on your account at any time.
Determination of rate — At our discretion, we may change the interest rate on your account.
Compounding and crediting frequency — Interest will be compounded every month. Interest will be credited to your account every month.
No minimum opening balance required to open in a branch. $1 minimum to open online.
Daily balance computation method — We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Accrual of interest on noncash deposits — Interest begins to accrue on the first business day after the business day you deposit noncash items (for example, checks).
Transaction Limitations — An unlimited number of deposits or withdrawals are permitted in person, by mail or ATM to the extent that these services are available with your account. By federal regulation, not more than six preauthorized, automatic, online or telephone transfers or withdrawals or check or debit (also known as point of sale [POS]) withdrawals are permitted per calendar month. If you go over these limits, we may either charge your account, close your account, or end your right to withdraw or transfer money from your account by telephone or online transfer, check, debit card, automatic withdrawal or transfers, and preauthorized withdrawal. We may also refuse to permit withdrawals or transfers that go over these limits and may charge you for requesting such withdrawals or transfers.
Fees — An excess preauthorized withdrawal fee of $10 may be charged for each preauthorized, automatic, online or telephone transfer or withdrawal or check or POS withdrawal in excess of six during a calendar month.
Interest accrual upon account closure — Interest accrues up to the business day that you close your account and is credited when the account is closed.

¹Excludes promotional rates.

²Subject to loan approval. Excludes mortgages.

³Based on average daily balance. Unlike many other banks, we use average daily balance rather than minimum daily balance to waive monthly service fees on all of our deposit accounts. This means that regardless of how low your balance may fall, you will not incur a service fee as long as your average daily balance for the entire statement cycle meets or exceed the account requirement.

⁴Not all devices may be supported. Customer eligibility required. Personal customer checking and savings accounts only. Must be an active personal online banking user. Must be  customer for a minimum of two business days. SimplyOne account holders are not eligible. Accounts must be in good standing.

⁵Currency conversion fee may apply to transactions outside the U.S.

⁶This debit card is issued by Flagstar Bank pursuant to a license from Visa U.S.A. Inc.