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Personal Online Deposit Rates & Accounts Brochure

Account TypeAnnual Percentage Yield (APY)Interest RateCompounding and Payment PeriodMinimum Deposit to OpenMinimum Balance to Avoid Monthly Service FeeMinimum Balance for APY
Simple CheckingN/AN/AN/A$100$500 or combined account balance of $10,000 or more1N/A
Prime Life Checking20.15%0.150%Monthly$100$0$2,500
0.18%0.175%Monthly$100$0$10,000
0.18%0.175%Monthly$100$0$50,000
0.20%0.195%Monthly$100$0$100,000
Statement Savings20.15%0.145%Monthly$100$2003No Minimum
Online Money Market2, 42.20%2.195%Monthly$5,000$5,0004No Minimum
Advantage Money Market2, 52.20%2.195%Monthly$25,000$25,0005No Minimum
8-Month Promo CD60.15%0.149%Quarterly$5,000N/A$5,000
1-Year CD60.50%0.495%Quarterly$500N/A$500
2-Year CD60.75%0.745%Quarterly$500N/A$500
3-Year CD61.00%0.995%Quarterly$500N/A$500
4-Year CD61.25%1.245%Quarterly$500N/A$500
5-Year CD61.50%1.495%Quarterly$500N/A$500
ONLINE DEPOSIT RATES EFFECTIVE: July 29, 2022
The information contained within this rate sheet applies to accounts opened online. For new customers, only residents of Illinois and Wisconsin are eligible to open accounts online. See Personal Deposit Account Agreement and Disclosures on bylinebank.com/disclosures for additional terms and conditions. Each applicant must be a U.S. Citizen or resident alien, and have a U.S. physical address.

1. A monthly service fee of $5 will be charged unless 1) the average account balance is $500 or more or 2) the combined account balance in your personal deposit accounts, where you are the primary owner, is $10,000 or more. The primary owner for joint accounts is the accountholder whose name appears first, and for fiduciary accounts is the principal owner of the funds. The average account balance for the Simple Checking Account is calculated by adding the balance at the end of each calendar day in the statement period and dividing that sum by the total number of days within that statement period. The combined account balance includes the average account balance for the Simple Checking Account as of the statement date, the principal balance of all eligible CDs, and the average account balance for other eligible checking, savings and money market accounts. The average account balance for these accounts is calculated by adding the balance at the end of each calendar day since the start of the account’s statement period until the day before the Simple Checking’s statement date and dividing that sum by the total number of days in that period. Eligible accounts include both IRA and non-IRA accounts. No monthly service fee will be assessed on the first statement cycle after account opening.

2. Interest rates are set at Byline Bank’s discretion and may change at any time without notice. We use the daily balance method to calculate interest on the account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue on the business day you deposit any non-cash items (for example, checks). Interest is compounded and paid monthly based on your statement cycle. Accounts closed before the interest payment date will not earn accrued interest for that period. Fees may reduce earnings.

3. If the daily balance falls below $200, a $3 monthly service fee applies. No monthly service fee will be assessed on the first statement cycle after account opening.

4. The Online Money Market must be opened online. Interest rates are set at the Bank’s discretion and may change without notice. The Account requires a minimum of $5,000 to open and a minimum daily balance of $5,000 to avoid a $25 monthly service fee. If the daily balance falls below $5,000, a $25 monthly service fee applies. No monthly service fee will be assessed on the first statement cycle after account opening. Fees may reduce earnings. The interest rate and APY are effective as of July 29, 2022.

5. The Advantage Money Market Account (the “Account”) must be opened online. Interest rates are set at the Bank’s discretion and may change without notice. The Account requires a minimum of $25,000 to open and a minimum daily balance of $25,000 to avoid a $25 monthly service fee. No monthly service fee will be assessed on the first statement cycle after account opening. Fees may reduce earnings. For new customers, only residents of Illinois and Wisconsin are eligible to open accounts online. The interest rate and APY are effective as of July 29, 2022.

6. Certificate of Deposit (CD)
Annual Percentage Yield. APYs are effective as of July 29, 2022.

RATES AND INTEREST
Rates and annual percentage yields (APYs) are subject to change without notice. The APY assumes that interest remains on deposit until maturity. An early withdrawal will reduce earnings. Please see the table for the minimum deposit required to open these accounts. You must maintain the minimum balance to earn the APY. The stated interest rate is fixed for the term of the CD and will be paid quarterly until maturity. Interest may be paid by check or transfer to another account, at your option. You will forfeit any accrued interest that has not yet been credited to your account, if the account is closed prematurely. We use the daily balance method to calculate the interest on this account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue on the business day you deposit any noncash item (for example, checks).

DEPOSITS
Deposits are accepted to all CDs during the grace period.

WITHDRAWALS
You may not withdraw any principal from this Certificate before maturity without our consent, which may be withheld; if we permit such a withdrawal, you may have to pay a penalty as follows: A) Where the original maturity of the account is one year or less, the penalty will be forfeiture of 90 days interest on the amount withdrawn, at the nominal (simple interest) rate in effect during the term. B) Where the original maturity of the account is more than one year, the penalty will be forfeiture of 180 days interest on the amount withdrawn at the nominal (simple interest) rate in effect during the term. C) If the withdrawal is within 6 days after the date of first deposit, a minimum of 7 days of interest will be charged as a penalty. You must withdraw funds within the grace period to avoid being charged a penalty. Fees could reduce the earnings on the account.

RENEWAL
Unless you notify us in writing before the maturity date, or within the grace period, Certificates of Deposit will automatically renew on the maturity date. The grace period is ten (10) calendar days for CDs with a term greater than 31 days and is three (3) calendar days for CDs with a term of 31 days or less. We can prevent automatic renewal if we notify you in writing on or before the maturity date that we do not intend to renew the account. Promotional Certificate of Deposits may renew into a different term. If you close your CD during the grace period, no accrued interest will be paid after the maturity date. We will send you a Maturity Notice prior to renewal, please read it carefully. We may change the type, term or other feature of your CD by giving you notice. If we make a change, we tell you about the change in the Renewal Notice. See Personal Deposit Account Agreement and Disclosures for additional terms and conditions.
©2022 Byline Bank. Member FDIC.

Business Online Deposit Rates & Accounts Brochure

Account TypeAnnual Percentage Yield (APY)Interest RateCompounding and Payment PeriodMinimum Deposit to OpenMinimum Balance to Avoid Monthly Service FeeMinimum Balance for APY
Makers Checking1,2N/AN/AN/A$500N/AN/A
Commercial Analysis Checking1,3N/AN/AN/A$0N/AN/A
Not for Profit Checking4N/AN/AN/A$100N/AN/A
Sponsor Finance Checking1, 5N/AN/AN/A$0N/AN/A
Money Market60.15%0.150%Monthly$1,000$2,500$2,500
High Yield Money Market70.15%0.150%Monthly$1,000$10,000$1
0.35%0.345%Monthly$1,000$10,000$10,000
ONLINE DEPOSIT RATES EFFECTIVE: July 29, 2022
The information contained within this rate sheet and accounts brochure applies to accounts opened online. See Business Deposit Account Agreement and Disclosures, and Fee Schedule on bylinebank.com/disclosures for additional terms and conditions. To be eligible to apply for an account online, the applicant business must be a U.S. citizen or resident alien, and have a U.S. physical address, and the authorized individuals must have a U.S. taxpayer ID number and a U.S. physical address.

Money Market interest rates are set at Byline Bank’s discretion and may change at any time without notice. We use the daily balance method to calculate interest on the account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue on the business day you deposit any non-cash items (for example, checks). Interest is compounded and paid monthly based on your statement cycle. Accounts closed before the interest payment date will not earn accrued interest for that period. Fees may reduce earnings.

1. Borrowed funds charge assessed at 10% of uncollected balance on checking accounts.
2. Makers Checking Account allows up to 250 transactions per month with a fee of $0.50 per item over 250. $1.00 overdraft fee per $1,000 overdraft daily. A fee of $2.00 per $1,000 over $10,000 will be charged for cash deposited.
3. Commercial Analysis Checking: Additional monthly service and/or transaction fees may apply and will be discussed and agreed upon by Bank and customer prior to account opening. An earnings credit is available to offset fees.
4. Not for Profit Checking Account allows up to 250 transactions per month with a fee of $0.50 per item over 250. $1.00 overdraft fee per $1,000 overdraft daily. A fee of $2.00 per $1,000 over $20,000 will be charged for cash deposited.
5. Sponsor Finance Commercial Checking: Additional monthly service and/or transaction fees may apply and will be discussed and agreed upon by Bank and customer prior to account opening.
6. On the Money Market Account, if the daily balance falls below $2,500, a $15 monthly service charge applies.
7. On the High Yield Money Market Account, if the daily balance falls below $10,000, a $25 monthly service charge applies.
©2022 Byline Bank. Member FDIC.