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Open your Neighborhood Money Market Account today!

Receive up to 1.50%  APY for a Neighborhood Money Market Account1

Effective Date: July 24, 2017

Combined Accounts Balance TiersBase RateBase APYBump Interest RateBump APYTotal Interest RateTotal APY (Annual Percentage Yield)Compounding and Payment Period
$1,000-$24,999.50%0.50%.25%0.25%.75%0.75%Monthly
$25,000-$99,999.50%0.50%.50%0.50%1.00%1.00%Monthly
$100,000-$249,999.50%0.50%.65%0.65%1.15%1.15%Monthly
$250,000+.50%0.50%1.00%1.00%1.50%1.50%Monthly
You deserve more. Receive up to 1.50% Annual percentage yield neighborhood money market account.


1Rates are set at the bank’s discretion and are subject to change without notice.

Base rate and rate bump are applied to the balance in the Neighborhood Money Market account only.  We use the daily balance method to calculate interest on the Neighborhood Money Market account. This method applies a daily periodic rate and the applicable rate bump to the principal in the Neighborhood Money Market account each day. Interest begins to accrue on the business day you deposit any non- cash items (for example, check).

The rate bump is calculated based upon the Neighborhood Money Market account primary owner’s total account relationships average book balances with Byline Bank. Certificates of Deposit, Public Funds, Trust, and Estate balances are excluded from this calculation.  For new accounts, the first rate bump will be effective at the start of the second statement cycle following the date of account opening.  Until this time, the account will earn the disclosed base rate.  All subsequent rate bumps will be recalculated on a monthly basis at the end of each statement cycle and will become effective at the start of the next statement cycle.

For DBA Neighborhood Money Market Accounts: The total account relationship balance includes any deposit account, with the exception of Certificates of Deposit, Public Funds, Trust, and Estate accounts, on which the primary DBA owner is the primary account holder.

Additionally, on a quarterly basis, if the primary owner no longer maintains a checking account the Neighborhood Money Market account will be converted to a Money Market account. Accounts under a trust/estate are not eligible for this product.

If the daily balance falls below $1,000 there is a $15 monthly service fee. You must maintain the minimum daily balance of $1,000 in

the Neighborhood Money Market Account to obtain the annual percentage yield. The daily balance in the Neighborhood Money Market account cannot exceed $250,000. Accounts closed before the end of the statement cycle will not earn accrued interest for that period. Fees may reduce the earnings on the account.

Minimum deposit to open a Neighborhood Money Market account is $1.00. New money only.

The Neighborhood Money Market account is limited to six (6) pre- authorized transfers which include telephone transfers, online banking transfers, checks, drafts, debit card transactions, or similar orders made to third parties, per statement cycle. There is an excessive withdrawal fee for over six (6) preauthorized transfers of $10 per item which will be deducted from your account at the end of each statement cycle.

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