Disclosure

First American Bank
Elk Grove
1660 Louis Ave
Elk Grove, IL 60007

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 April 17, 2014.   For current rate information call (847) 952-3700.

Optimal Return Money Market


Rate Information: This account is an interest bearing account. If the daily balance is:

= $0.01 and < $1,000, the interest rate paid on the entire balance in the account will be 0.00% with an Annual Percentage Yield of 0.00%.

= $1,000 and < $5,000, the interest rate paid on the entire balance in the account will be 0.03% with an Annual Percentage Yield of 0.03%.

= $5,000 and < $25,000, the interest rate paid on the entire balance in the account will be 0.06% with an Annual Percentage Yield of 0.06%.

= $25,000 and < $50,000, the interest rate paid on the entire balance in the account will be 0.10% with an Annual Percentage Yield of 0.10%.

= $50,000 and < $250,000, the interest rate paid on the entire balance in the account will be 0.17% with an Annual Percentage Yield of 0.17%.

>= $250,000, the interest rate paid on the entire balance in the account will 0.22% with an Annual Percentage Yield of 0.22%.


The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account at any time. Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks). Interest will be compounded daily and will be credited to the account monthly.

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 $1,000 in the account each day to obtain the disclosed annual percentage yield.

Limitations: You must deposit $1,000 to open this account. 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. You may make six (6) transfers per month by 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.

Account Fees: Minimum daily balance or average monthly balance of $5,000 must be maintained to avoid monthly fee of $14.95. Combined monthly minimum balances of $10,000 between a First American Bank checking, savings or money market account waives excess withdrawal and minimum balance fees. At least one owner must be on all accounts to be combined. The following fees apply 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.; Optional Check Images - Front images: $5; front and back: $7.50 per month. 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.