Disclosures & Schedule of Fees for TotalDirectBank Accounts Effective September 2020 TotalDirectBank is division of City National Bank of Florida (hereinafter “TDB”). (All information identified in bold & italic below represents a change in the products term.) Balance Information - Balance requirements to avoid service fees refer to the Early Withdrawal Penalties - If there are any withdrawals of either credited minimum average daily balance. The average daily balances are calculated interest and/or funds deposited into a Certificate of Deposit, prior to the maturity by adding the balance in the account for each day for a statement cycle and date, an early withdrawal penalty will be assessed as stated below. dividing that figure by the number of days in the cycle. Term of Certificate of Deposit Penalty for funds withdrawn Minimum and average daily balance requirements are based on ledger prior to the maturity date: balance, while interest accrues on bank collected balance for money market 30 days up to and including six Based on a 12 month year, the accounts. Interest accrues on certificates of deposits on the ledger balance months penalty will be 1 month of the simple from day of deposit. interest earned (this computation is based on a 360 day year) Interest and Other Information for Money Market Products Greater than six months and up to Based on a simple 12 month year, the one year penalty will be 3 months of the simple Rate Information - Current interest rates and Annual Percentage Yields (APY) interest earned (this computation is are available on our website www.totaldirectbank.com or by contacting us at based on a year with 360 days)
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