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Foresight Bank
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Interest Checking Account Disclosure

FREE BANKING FEATURES
Online Banking: Online banking system that enables you to check balances, deposit checks, transfer funds, pay bills and receive alerts for all your accounts.
You may enroll in Foresight Bank's online banking application ("iBanking") by clicking here
Mobile App: Connect with your smart phone. Check balances, deposit checks, transfer funds, pay bills, and receive alerts for all your accounts.
eStatements: Electronic statements of all checking, savings and Money Market accounts, via iBanking or the Mobile App.
Mobile Deposit: Deposit checks by taking a picture and submitting the deposit through the Mobile App.
Online Bill Pay: Pay all of your bills through electronic or check payments. All transactions are controlled by you. All checks, envelopes and stamps are taken care of by Foresight Bank. 
Answerline: Free 24-hour/day telephone banking service that allows you to check balances, transfer money and more. 
INTEREST RATES AND ANNUAL PERCENTAGE YIELDS
At our discretion, we may change the interest rates for this account. The interest rate and annual percentage yield will be paid according to the following tiers.
Tier 1: If the daily collected balance in your account is at least $50,000.00, the interest rate paid on the entire balance will be 0.05% with an annual percentage yield of 0.05%.
Tier 2: If the daily collected balance in your account is at least $2,500.00 but less than $50,000.00, the interest rate paid on the entire balance will be 0.05% with an annual percentage yield of 0.05%.
Tier 3: If the daily collected balance in your account is at least $1,000.00 but less than $2,500.00, the interest rate paid on the entire balance will be 0.00% with an annual percentage yield of 0.00%.
Tier 4: If the daily collected balance in your account is less than $1,000.00, the interest paid on the entire balance will be 0.00% with an annual percentage yield of 0.00% (no interest will be paid on this balance).
The interest rates and annual percentage yields may change at any time.
TERMS AND CONDITIONS
Minimum balance to open: The minimum balance required to open this account is $20.00.
Additional Rate Information: Your interest rate and annual percentage yield may change at any time without advance notice and according to Foresight Bank's discretion.
Compounding frequency: Interest will be compounded monthly.
Crediting frequency: Interest will be credited into this account monthly.
Daily balance computation method: Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
Accrual of interest on noncash deposits: Interest will begin to accrue on the business day you deposit noncash items (for example, checks) into your account.
Ready Reserve Line of Credit: If you have a Ready Reserve line of credit, available credit will not be included in your available balance disclosed at the ATM. If you access your line of credit when making a purchase or ATM withdrawal, you will be subject to the terms and conditions (including fees and interest) noted in your
Ready Reserve agreement.
Modification: Foresight Bank may make changes to the account terms and conditions (including fees) after providing 30 days' advance notice to you. The interest rate and annual percentage yield may change without any advance notice.
Deposit limitations - You may make an unlimited number of deposits into your account.
FEES THAT MAY BE ASSESSED AGAINST YOUR ACCOUNT, AS APPLICABLE

Minimum balance to avoid Minimum Balance Fee: A service charge of $5.00 (or $2.00 if you receive electronic statements) will be imposed for every monthly statement cycle in which the average ledger balance in your account is below $1,000.00. The average ledger balance is calculated by adding the ledger balance in the account for each day in the period and dividing that figure by the number of days in the period. The ledger balance equals all credits minus all debits that have posted to your account. Even if your ledger balance falls below $1,000.00 on any given day during the monthly statement cycle, your account will not necessarily be charged the service charge. The service charge will not be charged if you are under the age of 18.

Minimum Balance Service Charge Waiver: The minimum balance service charge will be waived if, as of the last day in the monthly statement cycle in which the fee would otherwise accrue, the average collected balance in your Foresight Bank checking, savings, and Money Market accounts plus the current principal balance in your Foresight Bank certificate of deposit accounts is at least $1,000.00, or if your current principal loan balance with Foresight Bank is at least $20,000.00. The principal loan balance is calculated by adding the principal loan balance in each Foresight Bank loan account (not including Ready Reserve or credit card accounts) as of the end of the statement cycle.

See the Fee Schedule for additional fees that may be assessed against your account.

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