Truth in Savings Disclosures

TRUTH IN SAVINGS DISCLOSURES

Free Checking

No minimum balance requirements. No monthly account price. Please refer to the Miscellaneous Services Pricing Guide for any other fees that may apply to this account. No transaction limitations apply to this account.

Lion Share Interest Checking

Variable Rate information. As of August 20, 2019, the interest rates and annual percentage yield (APY) on your account are stated below. This interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on your account. We may change the interest rate on your account at any time. There are no maximum or minimum interest rate limits for this account.

Tier Daily Balance Range Interest Rate Annual Percentage Yield (APY)
1 Equal to or greater than $0.01 but less than $2,500.00 0.10% 0.10%
2 Equal to or greater than $2,500.00 but less than $50,000.00 0.15% 0.15%
3 Equal to or greater than $50,000.00 but less than $100,000.00 0.15% 0.15%
4 Equal to or greater than $100,000.00 0.20% 0.20%

The effect of closing this account: If this account is closed by the owner of the account before interest is credited, accrued interest will not be received.

Frequency of compounding and crediting. Interest will be compounded daily and credited to your account monthly.

Basis Days: Interest will be based on 365 days.

No minimum balance requirements. No monthly account price. Please refer to the Miscellaneous Services Pricing Guide for any other fees that may apply to this account. No transaction limitations apply to this account.

Balance computation method. We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day. The daily balance that we use when calculating interest is the collected balance. That means we only include those funds for which we have actually received payment when we determine the balance on which interest is paid.

Accrual on noncash deposits. Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).

Advantage Checking

Variable Rate information. As of August 20, 2019, the interest rate on your account is 0.10%, with an annual percentage yield (APY) of 0.10%. This interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on your account. We may change the interest rate on your account at any time. There are no maximum or minimum interest rate limits for this account.

Frequency of compounding and crediting. Interest will be compounded daily and credited to your account monthly.

Basis Days: Interest will be based on 365 days.

The effect of closing this account: If this account is closed by the owner of the account before interest is credited, accrued interest will not be received.

Minimum balance requirements. The monthly account price of $20 will not be assessed when the combined total of all related Ameris Bank current personal loan balances and average daily balances (during the statement cycle) within personal deposit accounts is $25,000.00 or greater.

Balance computation method. We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day. The daily balance that we use when calculating interest is the collected balance. That means we only include those funds for which we have actually received payment when we determine the balance on which interest is paid.

Accrual on noncash deposits. Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).

Fees and charges. Customers who are 62 or older will receive a 25% discount on the monthly account price, if assessed. Please refer to the Miscellaneous Services Pricing Guide for any other fees that may apply to this account. No transaction limitations apply to this account.

Additional information regarding your account. You will receive these value added features at any time. No cost for Ameris Bank wallet-style checks; other check styles are available for purchase. An increased daily limit, to $5,000, for signature point of sale transactions made with your debit card, at your request; the option to increase your Ameris Bank CD rate to a posted rate from our current rate sheet once during the term of the CD, at your request; unlimited, no-cost ATM withdrawals at any ATM nationwide; no cost for all incoming domestic wire transfers; free safe deposit box, when available; no charge for purchase of official checks; no charge for purchase of gift cards, where available; no minimum balance requirements on a personal savings account when a quarterly $25 scheduled transfer is established from your Ameris Bank checking account.

Personal Savings

Variable Rate Information: As of August 20, 2019, the interest rate on this account is 0.05%, with an annual percentage yield (APY) of 0.05%. This interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on your account. We may change the interest rate on your account at any time. There are no maximum or minimum interest rate limits for this account.

Frequency of compounding and crediting interest: Interest will be compounded daily and credited to your account quarterly.

Basis Days: Interest will be based on 365 days.

The effect of closing this account: If this account is closed by the owner of the account before interest is credited, accrued interest will not be received.

Minimum balance requirements. You must maintain a minimum daily balance of $200 in the account each day to obtain the annual percentage yield disclosed. You will earn interest for every day during the period that your account equals or exceeds the minimum daily balance requirement. A quarterly account price of $11 will be imposed every statement cycle if the average daily balance for the statement cycle falls below $300. The average daily
balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.

Balance computation method. We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Accrual on non-cash deposits: Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks).

Fees and charges. Customers enrolled in e-statements will receive $2 off the quarterly account price, which will reduce the Personal Savings account quarterly account price to $9, if assessed. Please refer to the Miscellaneous Services Pricing Guide for any other fees that may apply to this account.

A Savings Withdrawal Fee of $10 will be charged for each debit transaction in excess of six per quarter. Debit transactions include withdrawals made in person at an Ameris Bank office or at an ATM, automatic transfer or payment from the account. Although you may receive monthly statements due to electronic transactions or a monthly combined statement, the Savings Withdrawal Fee is based on quarterly activity. This is an activity fee unrelated to the federal transaction limitations.

Federal Transaction Limitations: Federal law governs withdrawal transactions from this account. If transactions exceed limits, the account could be reclassified as non-interest bearing. Federal law limits transfers to another deposit account with Ameris Bank or to a third party to a total of 6 per statement cycle (or 6 per month for quarterly statements). These transfers include: preauthorized agreement, telephone request, check, debit card, draft
including online banking transfers and sweep transfers. Withdrawals made in person at an Ameris Bank office or at an ATM are not subject to these limitations.

Minor Savings

Variable Rate Information: As of August 20, 2019, the interest rate on this account is 0.05% with an annual percentage yield (APY) of 0.05%. This interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on your account. We may change the interest rate on your account at any time. There are no maximum or minimum interest rate limits for this account.

Frequency of compounding and crediting Interest: Interest will be compounded daily and credited to your account quarterly.

Basis Days: Interest will be based on 365 days.

The effect of closing this account: If this account is closed by the owner of the account before interest is credited, accrued interest will not be received.

Minimum balance requirements: There are no minimum balance requirements applied to this account.

Balance computation method. We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day.

Accrual on non-cash deposits: Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks).

Federal Transaction Limitations: Federal law governs withdrawal transactions from this account. And if transactions exceed limits, the account could be reclassified as non-interest bearing. Federal law limits transfers to another deposit account with Ameris Bank or to a third party to a total of 6 per statement cycle (or 6 per month for quarterly statements). These transfers include: preauthorized agreement, telephone request, check, debit card, draft including online banking transfers and sweep transfers. Withdrawals made in person at an Ameris Bank office or at an ATM are not subject to these limitations.

Additional Terms: This account will automatically convert to a Personal Savings service charge plan when the customer reaches age 19.

Personal Money Market

Variable Rate information: As of August 20, 2019, the interest rates on this account are stated below. This interest rate and annual percentage yield may
change.

Tier Daily Balance Range Interest Rate Annual Percentage Yield (APY)
1 Equal to or greater than $0.00 but less than $2,500.00 0.00% 0.00%
2 Equal to or greater than $2,500.00 but less than $25,000.00 0.05% 0.05%
3 Equal to or greater than $25,000.00 but less than $50,000.00 0.10% 0.10%
4 Equal to or greater than $50,000.00 0.15% 0.15%

 

At our discretion, we may change the interest rate on your account. We may change the interest rate on your account at any time. There are no maximum or minimum interest rate limits for this account.

Frequency of compounding and crediting interest: Interest will be compounded daily and credited to your account monthly.

Basis Days: Interest will be based on 365 days.

The effect of closing this account: If this account is closed by the owner of the account before interest is credited, accrued interest will not be received. Minimum balance requirements. Statements are generated monthly for this account. A monthly account price of $12 will be imposed if the average daily balance for the statement cycle falls below $3,000 or if the daily balance in the account falls below $1,000 any day of the statement cycle. The average daily balance is calculated by adding the daily balance for each day of the statement cycle and dividing that figure by the number of days in the statement cycle.

Balance computation method. We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Accrual on noncash deposits. Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).

Transaction limitations. Federal law governs withdrawal transactions from Savings and Money Market accounts. If transactions exceed limits, the account could be reclassified as non-interest bearing. Federal law limits transfers to another deposit account with Ameris Bank or to a third party to a total of six (6) per statement cycle (or six (6) per month for quarterly statements). These transfers include: preauthorized agreement, telephone request, check, debit card, draft including online banking transfers and sweep transfers. Withdrawals made in person at an Ameris Bank office or at an ATM are not subject to these limitations.

Fees and Charges. Customers enrolled in e-statements will receive $2 off the monthly account price, which will reduce the Personal Money Market account monthly account price to $10, if assessed. Please refer to the Miscellaneous Services Pricing Guide for any other fees that may apply to this account. An excess debit fee of $10 will be assessed for each transaction in excess of the limits stated in our transaction limitations section of this disclosure.

Lion Special Personal Money Market

Variable Rate Information: As of August 20, 2019, the interest rates on this account are stated below. This interest rate and annual percentage yield (APY) may change.

Tier Daily Balance Range Interest Rate Annual Percentage Yield (APY)
1 Equal to or greater than $0.01 but less than $25,000.00 1.10% 1.11%
2 Equal to or greater than $25,000.00 but less than $50,000.00 1.10% 1.11%
3 Equal to or greater than $100,000.00 but less than $250,000.00 1.10% 1.11%
4 Equal to or greater than $250,000.00 1.10% 1.11%

 

At our discretion, we may change the interest rate on your account. We may change the interest rate on your account at any time. There are no maximum or minimum interest rate limits for this account.

The effect of closing this account: If this account is closed by the owner of the account before interest is credited, accrued interest will not be received.

Minimum balance requirements. Statements are generated monthly for this account. A monthly account price of $6 will be imposed each statement cycle if the daily balance in the account falls below $1,000 any day of the statement cycle.

Balance computation method. We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Accrual on noncash deposits. Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).

Transaction limitations. Federal law governs withdrawal transactions from Savings and Money Market accounts. If transactions exceed limits, the account could be reclassified as non-interest bearing. Federal law limits transfers to another deposit account with Ameris Bank or to a third party to a total of six (6) per statement cycle (or six (6) per month for quarterly statements). These transfers include: preauthorized agreement, telephone request, check, debit card, draft including online banking transfers and sweep transfers. Withdrawals made in person at an Ameris Bank office or at an ATM are not subject to these limitations.

Fees and Charges. Customers enrolled in e-statements will receive $2 off the monthly account price, which will reduce the Lion Special Personal Money market account monthly account price to $4, if assessed. Please refer to the Miscellaneous Services Pricing Guide for any other fees that may apply to this account. An excess debit fee of $10 will be assessed for each transaction in excess of the limits stated in our transaction limitations section of this disclosure.

Premium Personal Money Market

Variable rate information: As of August 20, 2019, the interest rates on this account are stated below. This interest rate and annual percentage yield (APY) may change.

Tier Daily Balance Range Interest Rate Annual Percentage Yield (APY)
1 Equal to or greater than $0.01 but less than $25,000.00 1.35% 1.36%
2 Equal to or greater than $25,000.00 but less than $50,000.00 1.35% 1.36%
3 Equal to or greater than $50,000.00 but less than $100,000.00 1.35% 1.36%
4 Equal to or greater than $100,000.00 but less than $250,000.00 1.35% 1.36%
5 Equal to or greater than $250,000.00 1.35% 1.36%

At our discretion, we may change the interest rate on your account. We may change the interest rate on your account at any time. There are no maximum or minimum interest rate limits for this account.

The effect of closing this account: If this account is closed by the owner of the account before interest is credited, accrued interest will not be received.
Minimum balance requirements. Statements are generated monthly for this account. A  monthly account price of $6 will be imposed each statement cycle if the daily balance in the account falls below $1,000 any day of the statement cycle.

Balance computation method. We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Accrual on noncash deposits. Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).

Transaction limitations. Federal law governs withdrawal transactions from Savings and Money Market accounts. If transactions exceed limits, the account could be reclassified as non-interest bearing. Federal law limits transfers to another deposit account with Ameris Bank or to a third party to a total of 6 per statement cycle (or 6 per month for quarterly statements). These transfers include: preauthorized agreement, telephone request, check, debit card,
draft including online banking transfers and sweep transfers. Withdrawals made in person at an Ameris Bank office or at an ATM are not subject to these limitations.

Fees and Charges. Customers enrolled in e-statements will receive $2 off the monthly account price, which will reduce the Premium Personal Money market account monthly account price to $4, if assessed. Please refer to the Miscellaneous Services Pricing Guide for any other fees that may apply to this account. An excess debit fee of $10 will be assessed for each transaction in excess of the limits stated in our transaction limitations section of this
disclosure.

Personal Checking Account Holders–Subaccount Organization

Ameris Bank organized your account in a nontraditional way. Your account consists of two subaccounts. One of these accounts is a transaction subaccount (e.g. a checking subaccount). You will transact business on this account. The other is a non-transaction subaccount (e.g. a savings account). You cannot directly access the non-transaction subaccount, but you agree that we may automatically, and without a specific request from you, initiate individual transfers of funds between subaccounts from time to time at no cost to you. This account organization will not change the amount of federal deposit insurance available to you, your available balance, the information on your periodic statements, or the interest calculation, if your account is an interest-bearing account. You will not see any difference between the way your account operates and the way a traditionally organized account operates, but this organization makes us more efficient and helps to keep costs down.

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