Common use of Additional Features and Account Bonuses Clause in Contracts

Additional Features and Account Bonuses. First Rewards members earn a high dividend rate when the following qualifications are met per month: (1) Have 12 debit card purchases post and clear each month (2) Sign up and receive monthly statements electronically (eStatements) (3) Receive Direct Deposit of members full payroll each month When qualifications are met each month, dividends are paid on tiered balances as set forth in the Rate Sheet. The calculation method used for calculating the APY is “Method B” under NCUA’s Truth in Savings regulation. Method B blends the below cap interest rate with the above cap interest rate when determining your actual APY. Each month members must meet the qualifications between the first and last day of the month. For the first month the account is open, the account will automatically qualify for the rewards associated with this account and the monthly fee will not be charged if qualifications are not met. When qualifications are not met, a monthly fee of $4.95 is imposed and a base dividend rate is paid as set forth in the Rate Sheet. Members are notified by email each month on qualification status.