First American Bank
P.O. Box 0794
Elk Grove, IL 60009-0794

This disclosure contains information about terms, fees, and interest rates for some of the accounts we offer.

Interest Rates and Annual Percentage Yields are current as of January 21, 2017.   For current rate information call (847) 952-3700.

Easy Savings

Rate Information: This account is an interest bearing account. The interest rate on the account is 0.03% with an annual percentage yield of 0.03%.

At our discretion, the interest rate and annual percentage yield may change at any time. Interest begins to accrue on the business day you deposit noncash items (for example, checks). Interest will be compounded daily and will be credited to the account monthly or quarterly. If you close your account before interest is credited, you will not receive the accrued interest. Accrued interest will be paid when the entire balance of the closed account is transferred to a new First American Bank account.

Balance Information: We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day. You must maintain a minimum balance of $1.00 in the account each day to obtain the disclosed annual percentage yield.

Limitations: You must deposit $100 to open this account.

Account Fees: A minimum daily balance of $250 must be maintained to avoid a monthly fee of $5. Minimum balance to open and monthly maintenance fees are waived for Minor/Custodian accounts when the account holder is 18 years of age or less. Overdraft fees and excess withdrawal fees are not waived. The following fee applies to this account: Transfers in excess of 6 per month: $10.00 per preauthorized or automatic transfer, or telephone agreement, order, instruction, excess check, draft, debit card or similar order (including POS transactions). Transfers and withdrawals made in person, by messenger, by mail or at an ATM are unlimited. Fees may reduce earnings on this account. An overdraft charge is imposed for overdrafts created by checks, in person withdrawals, ATM withdrawals, or by other electronic means, as applicable.