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Overview of Rewards Money Market Savings key policies and …

Sort_Audit: CC:00-14-9324 NSBBank of America Clarity Statement Overview of Rewards Money Market Savings key policies and feesYour Rewards Money Market Savings AccountFDIC CoverageThis account is insured by the Federal Deposit Insurance Corporation (FDIC) and is backed bythe government. The standard insurance amount is $250,000 per depositor, per insuredbank, for each account ownership category. Refer to for more Fee$ monthYou can avoid the Monthly Maintenance Fee when you meet one of thefollowing balance requirements during each statement period: Maintain a minimum daily balance of $2,500 or more, OR Link your account to your Bank of America Interest Checking or Bank of AmericaAdvantage account (waiver applies to first 4 Savings accounts), OR Are enrolled in the Preferred Rewards1 program (waiver applies to first 4savings accounts)Withdrawal Limit Fee and Transaction LimitationsWithdrawalLimit FeeIt Applies ToAll types of withdrawals and transfersfrom a Savings account, including.

When your deposits are available. Cash, direct deposits, wire transfers: On the day we receive them. Checks: Usually the next business day if deposited before the financial center or ATM cutoff time. Mobile Check Deposit: Usually the next business day if deposited by applicable cutoff times (please refer to “Help and Support”

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Transcription of Overview of Rewards Money Market Savings key policies and …

1 Sort_Audit: CC:00-14-9324 NSBBank of America Clarity Statement Overview of Rewards Money Market Savings key policies and feesYour Rewards Money Market Savings AccountFDIC CoverageThis account is insured by the Federal Deposit Insurance Corporation (FDIC) and is backed bythe government. The standard insurance amount is $250,000 per depositor, per insuredbank, for each account ownership category. Refer to for more Fee$ monthYou can avoid the Monthly Maintenance Fee when you meet one of thefollowing balance requirements during each statement period: Maintain a minimum daily balance of $2,500 or more, OR Link your account to your Bank of America Interest Checking or Bank of AmericaAdvantage account (waiver applies to first 4 Savings accounts), OR Are enrolled in the Preferred Rewards1 program (waiver applies to first 4savings accounts)Withdrawal Limit Fee and Transaction LimitationsWithdrawalLimit FeeIt Applies ToAll types of withdrawals and transfersfrom a Savings account, including.

2 ATM withdrawals and transfers Financial center teller withdrawals Online and Mobile Banking transfersor payments Automatic or pre-authorized transfers(includes an automatic payment to amerchant or bank) Telephone transfers Checks, drafts or debit card transactionsHow It WorksEach monthly statement cycle: You can make a total of 6 withdrawals and transfers with noWithdrawal Limit Fee After your first 6, the Withdrawal Limit Fee is $ for eachadditional withdrawal or transfer No more than 6 Withdrawal Limit Fees will be charged You can avoid the Withdrawal Limit Fee by maintaining aminimum daily balance of $2,500 or more in your Savings account(Effective for statement cycles that start on or after October 8,2016, the minimum daily balance required to avoid the WithdrawalLimit Fee will be $20,000 or you must be enrolled in the PreferredRewards1 program.)

3 TransactionLimitationsCertain types of withdrawals andtransfers from a Savings account,including: Online and Mobile Banking transfersor payments Automatic or pre-authorized transfers(includes an automatic payment to amerchant or bank) Telephone transfers Checks, drafts or debit card transactionsCertain types of withdrawals and transfers from Savings accountsare limited to a total of 6 per monthly cycle. This limit is governedby federal Regulation D and our deposit , this limit doesn t apply to transactions made at financialcenters, by mail or at an ATM. (Please note that Withdrawal LimitFees still apply to these types of transactions.)If you exceed the transaction limitations on more thanan occasional basis, we ll convert your account to a checkingaccount that will no longer earn rate policyInterest rateand interestcalculationYour account has a variable interest rate, which means the interest rate may change.

4 Interest rates for youraccount are set at our discretion and may change at any time without calculate interest, we apply a daily periodic rate to the collected balance in your account each compound and pay any interest earned monthly. Interest is only paid in whole cents and we usestandard rounding rules to calculate the amount. This means that an amount less than half of one cent isrounded down to zero, and an amount of half of one cent or more is rounded up to the next whole rateboosterThe interest rate booster is earned automatically when an account owner is enrolled in the Preferred Rewardsprogram. The booster increases the interest rate by at least 5%, 10% or 20% over the standard rate, and isbased on the Preferred Rewards tiers of Gold, Platinum and Platinum Honors, respectively. We may decide topay a higher can I findthe currentinterest rate?

5 You can find the current interest rate by checking , calling the number on youraccount statement or visiting a financial is current as of 08/2016 and is subject to reverseWhen your deposits are availableCash, direct deposits , wire transfers: On the day we receive : Usually the next business day if deposited before the financial center or ATM cutoff Check Deposit: Usually the next business day if deposited by applicable cutoff times (please refer to Help and Support in Mobile App for additional details and terms and conditions).If we place a hold on your deposit, we ll let you know the hold reason and when funds will be available for you to use. Thisis typically provided at the time of deposit but may also be mailed later. deposits greater than $5,000 and checks depositedwithin the first 30 days of your account opening may be held fees To help you avoid fees, we won t authorize ATM withdrawals or everyday debit card purchases if you don t have enough moneyin your account.

6 When we determine that you don t have enough Money in your account to cover an item, then we either authorize and paythe item and overdraw your account (an overdraft item), or we decline or return the item unpaid (an NSF: returned item).When this happens, you ll be charged a fee. See details Item Fee$ overdraftYou pay a $35 Overdraft Item Fee for each item that weauthorize and pay. An Overdraft Item fee can apply to arecurring debit card : ReturnedItem Fee$ declined/returnedtransactionYou pay a $35 NSF: Returned Item Fee for each item that wedecline or return unpaid. However, there s no NSF: Returned ItemFee for one-time or recurring declined debit card more than4 Overdraft orReturned Itemfees are chargedper Protection2 Transfer Fee$ transferWith Overdraft Protection, if you re about to overdraw your account, we llautomatically transfer available funds from your linked Savings or eligible checkingaccount.

7 Only 1 transfer fee charged per Overdraft Protection Transfer Fee is waived for transfers to aBank of America Interest Checking or Advantage checking ServicesBank of America ATMsNo ATM feeFor deposits , withdrawals, transfers or balance inquiriesNon-Bank of America ATMs$ the , plus any fee charged by the ATM s operator$ the , plus any fee charged by the ATM s operatorStatement copies(each)$ can avoid this fee by viewing and printing your available statements in theStatements & Documents tab in Online Banking instead of ordering a copy from usStop payment fee$ each check requestCashier s checks$ check, but this fee may be waived based on your relationshipDeposited item returned(each)$ item$ itemThis Clarity Statement summarizes key policies and fees for this account. For more information about the termsthat govern your account, please review your Personal Schedule of Fees and Deposit how to qualify for Preferred Rewards at , or visit your local financial Protection is also available from your Bank of America credit card.

8 Overdraft Protection transfers from your credit card are Bank Cash are subject to Overdraft Protection cash advance fees and will accrue interest at the Bank Cash Advance APR. Please refer to your Credit Card Agreementfor additional products are provided by Bank of America, , and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation. 2016 Bank of America Corporation. ARN5 YXCQ | ALL STATES00-14-9324 NSB


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