Skip to Main Content

Open an Account

Online Deposit & CD Rates

Account TypeAnnual Percentage Yield (APY)Interest RateCompounding and Payment PeriodMinimum Deposit to OpenMinimum Daily Balance to Avoid Monthly Service FeeMinimum Balance for APY
Freedom Personal CheckingN/AN/AN/A$100$0N/A
Statement Savings1, 20.05%0.046%Monthly$100$200No Minimum
Online Money Market1, 30.40%0.395%Monthly$5,000$5,000No Minimum
Advantage Money Market1, 40.65%0.645%Monthly$25,000$25,000No Minimum
8-Month Promo CD50.15%0.149%Quarterly$5,000N/A$5,000
1-Year CD50.10%0.095%Quarterly$500N/A$500
2-Year CD50.15%0.149%Quarterly$500N/A$500
3-Year CD50.20%0.199%Quarterly$500N/A$500
4-Year CD50.25%0.249%Quarterly$500N/A$500
5-Year CD50.30%0.299%Quarterly$500N/A$500
ONLINE DEPOSIT & CD RATES EFFECTIVE: September 10, 2021
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.

1. 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.

2. 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.

3. If your daily balance is $500,000 or less, the interest rate paid on the entire balance will be 0.395% with an annual percentage yield of 0.40%. No interest will be paid on that portion of your daily balance that is greater than $500,000. The annual percentage yield for this tier will range from 0.40% to 0.20%, depending on the balance in the account. 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.

4. If your daily balance is $500,000 or less, the interest rate paid on the entire balance will be 0.645% with an annual percentage yield (“APY”) of 0.65%. No interest will be paid on that portion of your balance that is greater than $500,000. The APY for this tier will range from 0.65% to 0.32%, depending on the balance in the account. If the daily balance falls below $25,000, a $25 monthly service fee applies. No monthly service fee will be assessed on the first statement cycle after account opening.

5. Certificate of Deposit (CD)
RATES AND INTEREST
Rates and annual percentage yield (APY) are subject to change without notice. The annual percentage yield 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 this minimum balance to earn the annual percentage yield. The stated interest rate is fixed for the term of the Certificate and will be paid 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 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 send you a Maturity Notice prior to renewal. Please read it carefully. We may change the type, term or other feature of your bank CD by giving you notice. If we make a change, we tell you about the change in the Renewal Notice.
©2021 Byline Bank. Member FDIC.

Branch Certificate of Deposit Rates

Account TypeAnnual Percentage Yield (APY)Interest RateCompounding and Payment PeriodMinimum Deposit to OpenMinimum Balance for APY
7-31-Day CD0.01%0.006%Simple @ Maturity$20,000$20,000
91-Day CD0.03%0.025%Simple @ Maturity$2,500$2,500
6-Month CD0.05%0.046%Simple @ Maturity$2,500$2,500
1-Year CD0.10%0.095%Quarterly$500$500
18-Month CD0.10%0.095%Quarterly$500$500
2-Year CD0.15%0.149%Quarterly$500$500
3-Year CD0.20%0.199%Quarterly$500$500
4-Year CD0.25%0.249%Quarterly$500$500
5-Year CD0.30%0.299%Quarterly$500$500
IRA 18-Month CD0.10%0.095%Quarterly$500$500
8-Month Promo CD0.15%0.149%Quarterly$5,000$5,000
CD RATES EFFECTIVE DATE: August 19, 2020
Rates and Interest
Rates and annual percentage yield (APY) are subject to change without notice. The annual percentage yield 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 this minimum balance to earn the annual percentage yield. All available Certificates of Deposit (CDs) may be opened as an Individual Retirement Account (IRA). The stated interest rate is fixed for the term of the Certificate and will be paid 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. Deposits during the term will only be accepted into the IRA 18 Month CD.

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.

IRA Exceptions
Early withdrawal penalty exception for IRA CDs are as follows: Customers age 72 or better may withdraw from any IRA CD at any time without penalty. Customers age 59 ½ or better may withdraw from the IRA 18 month CD with no penalty at any time as long as the withdrawal qualifies as a normal distribution.

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 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 send you a Maturity Notice prior to renewal. Please read it carefully. We may change the type, term or other feature of your bank CD by giving you notice. If we make a change, we tell you about the change in the Renewal Notice. See Deposit Account Agreement and Disclosures for terms and conditions.

Branch Deposit Rates

Account TypeAnnual
Percentage
Yield (APY)		Interest
Rate		Compounding
and
Payment Period		Minimum
Deposit
to Open		Minimum Balance
to Avoid Monthly Service Fee		Minimum Balance
for APY
High Yield Money Market
(Personal or Business)		0.01%0.010%Monthly$1,000$10,000No Minimum
0.03%0.025%Monthly$1,000$10,000$10,000
Money Market
(Personal or Business)		0.01%0.010%Monthly$1,000$2,500$2,500
High Interest Checking
(Personal)		0.01%0.010%Monthly$100$2,500$2,500
0.01%0.010%Monthly$100$2,500$10,000
0.03%0.025%Monthly$100$2,500$50,000
0.05%0.046%Monthly$100$2,500$100,000
Prime Life Checking
(Personal)		0.01%0.010%Monthly$100$0$2,500
0.01%0.010%Monthly$100$0$10,000
0.03%0.025%Monthly$100$0$50,000
0.05%0.046%Monthly$100$0$100,000
Health Savings
(Personal)		0.03%0.025%Monthly$1$0No Minimum
0.05%0.046%Monthly$1$0$2,500
0.05%0.046%Monthly$1$0$10,000
0.05%0.046%Monthly$1$0$25,000
Statement and Passbook Savings
(Personal)		0.05%0.046%Monthly$100$200No Minimum
Junior Banker Statement and Passbook Savings0.05%0.046%Monthly$1$0No Minimum
IRA Savings0.05%0.046%Quarterly$250$0No Minimum
Business Interest Checking0.05%0.046%Monthly$100$2,500$1,000
Business Statement Savings0.05%0.046%Monthly$100$200No Minimum
DEPOSIT ACCOUNT RATES EFFECTIVE: May 17, 2021
Interest rates on all accounts are set at the bank’s discretion. Interest rates and annual percentage yields may change at any time without notice. For tiered rate accounts, the disclosed interest rate is paid on the entire balance for that tier. You must maintain the minimum required balance in the account each day to obtain the annual percentage yield listed above. 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). Accounts closed before the interest payment date will not earn accrued interest for that period. Fees may reduce earnings on the accounts.

On High Yield Money Market, if the daily balance falls below $10,000, a $25 monthly service charge applies.

On Money Market Accounts, if the daily balance falls below $2,500, a $15 monthly service charge applies.

On High Interest Checking, if the daily balance falls below $2,500, a $15 monthly service charge applies.

On Personal Passbook and Statement Savings accounts, if the daily balance falls below $200, a $3 monthly service charge applies.

On Business Interest Checking, if the daily balance falls below $2,500, a $12.50 monthly service charge applies.

On Business Statement Savings, if the daily balance falls below $200, a $3 monthly service charge applies.

IRA deposits or withdrawals (with the exception of pre-authorized withdrawals) can be made at any time to the IRA Savings.

Consult your tax or legal professional about the tax benefits applicable to a Health Savings Account.

See Deposit Account Agreement and Disclosures and the Accounts Brochure for additional terms.

©2021 Byline Bank. Member FDIC.