Interest Checking Account Disclosure
FREE BANKING FEATURES
Mobile Deposit: Deposit checks by taking a picture and submitting the deposit through the Mobile App.
INTEREST RATES AND ANNUAL PERCENTAGE YIELDS
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%.
TERMS AND CONDITIONS
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.
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.