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Qualification Cycles.

While our statement cycles begin the first day or the month and end on the last day of the month, the qualification cycles for Simply Rewards Checking are different. The dates below illustrate the first and last day of each qualification cycle.

Qual Start Qual End
12/31/2019 01/30/2020
01/31/2020 02/28/2020
02/29/2020 03/30/2020
03/31/2020 04/29/2020
04/30/2020 05/29/2020
05/30/2020 06/29/2020
06/30/2020 07/30/2020
07/31/2020 08/29/2020
08/30/2020 09/29/2020
09/30/2020 10/30/2020
10/31/2020 11/28/2020
11/29/2020 12/30/2020

All accounts subject to credit and eligibility approval.

Simply Rewards Checking Cash

*APY=Annual Percentage Yield. APYs accurate as of 9/21/20. Rates may change after account is opened. Minimum to open is $100. Fees could reduce earnings.

To meet the qualification requirements, the following transactions and activities must post and settle to your account during the Monthly Qualification Cycle: at least 15 debit card purchases, at least one preauthorized ACH debit or credit, and be enrolled in and receive eStatements. Transactions may take one or more banking days from the date transaction was made to post to and settle account. ATM-processed transactions do not count towards qualifying debit card transactions. "Monthly Qualification Cycle" means a period beginning one day prior to the first day of the current statement cycle through one day prior to the close of the current statement cycle. The Monthly Qualification Cycle is not the same as the Statement Cycle.

If qualifications are met each monthly qualification cycle: (1) Domestic ATM fees incurred during qualification cycle will be reimbursed up to $25 ($5.00 maximum per single transaction) and credited to account on the last day of monthly statement cycle; (2) balances up to $10,000 receive APY of 2.01%; and (3) balances over $10,000 earn 0.50% interest rate on the portion of the balance over $10,000, resulting in 2.01% - 0.64% APY depending on the balance.

If qualifications are not met on Simply Rewards Checking – Cash all balances earn 0.01% APY and ATM fees are not reimbursed.

Simply Rewards Checking Cash with Saver

*APY=Annual Percentage Yield. APYs accurate as of 9/21/20. Rates may change after account is opened. Saver account must be opened with a Simply Rewards Checking-Cash account as a product bundle.  Interest earned and ATM fee refunds paid to the Simply Rewards Checking – Cash is automatically transferred to Simply Rewards – Saver each statement cycle. Minimum to open is $100 for Simply Rewards Checking-Cash and $5.00 for Simply Rewards-Saver. Fees could reduce earnings.

To meet the qualification requirements, the following transactions and activities must post and settle to your account during the Monthly Qualification Cycle: at least 15 debit card purchases, at least one preauthorized ACH debit or credit, and be enrolled in and receive eStatements. Transactions may take one or more banking days from the date transaction was made to post to and settle account. ATM-processed transactions do not count towards qualifying debit card transactions. "Monthly Qualification Cycle" means a period beginning one day prior to the first day of the current statement cycle through one day prior to the close of the current statement cycle. The Monthly Qualification Cycle is not the same as the Statement Cycle.

Saver: If qualifications are met each monthly qualification cycle balance up to $50,000 receive APY of 1.01% and balances over $50,000 earn 0.10% interest rate resulting in an APY for this tier ranging from 1.01% to .40%, depending on the account’s balance.

If qualifications are not met during the monthly qualification cycle, the APY is 0.01%.

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