Rates | Byline Bank

Online Deposit & CD Rates

Account Type	Annual Percentage Yield (APY)	Interest Rate	Compounding and Payment Period	Minimum Deposit to Open	Minimum Daily Balance to Avoid Monthly Service Fee	Minimum Balance for APY
Freedom Personal Checking	N/A	N/A	N/A	$100	$0	N/A
Statement Savings^{1, 2}	0.05%	0.046%	Monthly	$100	$200	No Minimum
Online Money Market^{1, 3}	0.40%	0.395%	Monthly	$5,000	$5,000	No Minimum
Advantage Money Market^{1, 4}	0.65%	0.645%	Monthly	$25,000	$25,000	No Minimum
Premium 1-Year CD⁵	1.40%	1.395%	Quarterly	$1,500	N/A	$1,500
8-Month Promo CD⁵	0.15%	0.149%	Quarterly	$5,000	N/A	$5,000
1-Year CD⁵	0.10%	0.095%	Quarterly	$500	N/A	$500
2-Year CD⁵	0.50%	0.495%	Quarterly	$500	N/A	$500
3-Year CD⁵	0.60%	0.595%	Quarterly	$500	N/A	$500
4-Year CD⁵	0.70%	0.695%	Quarterly	$500	N/A	$500
5-Year CD⁵	1.00%	0.995%	Quarterly	$500	N/A	$500

ONLINE DEPOSIT & CD RATES EFFECTIVE: May 20, 2022
The information contained within this rate sheet applies to accounts opened online. For new customers, with the exception of the Premium 1-Year CD*, 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. 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)
Annual Percentage Yield. APYs are effective as of May 20, 2022.

* Premium 1-Year CD is available online in all 50 states. The Annual Percentage Yield (APY) and Interest Rate are effective as of May 20, 2022. Limited time offer.

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.