Interest Savings

Details

• 0.61% APY* on balances up to $49,999.99
• 0.41% APY* on balances over $50,000.00
• If monthly qualifications aren't met, you still earn 0.11% APY*
• 3 Simple Qualifications to receive preferred rate*
• Fees refunded on ATMs anywhere in the nation*
• No monthly maintenance fee
• No minimum balance
• Free Online Banking
• Free Bill Pay
• Free ATM withdrawals at Premier Bank & Publix ATMs
• No 2:00 pm cut off time. Deposits are accepted through the close of the business day. Click here for branch hours.
• FDIC insured

* APY= Annual Percentage Yield. See "Disclosure" tab above for more details.

Qualifications & Cycle Dates

Because this account is linked to your Interest Checking account, you only need to meet your Interest Checking account qualifications each cycle to qualify for the Interest Savings. The three qualifications are:

1. Make 10 point of sale transactions using your Visa debit card, per qualification cycle.

2. Have a valid e-mail address on file and receive your monthly statement electronically.

3. Initiate one direct deposit or pre-authorized electronic payment. Bill Pay payments and debit card transactions do not count toward this qualification.

2010

Your Interest Saving statement cycle will run from the 23rd of the month through the 22nd of the following month. If the 22nd falls on a weekend or holiday, your statement will drop on the previous business day. All Interest Checking qualifying requirements must be fulfilled one business day before the statement drop date.

Click here to see a table of our Statement Drop Cycles.

Disclosure

*Annual Percentage Yield (APY). Interest Savings rate tiers are as follows: 0.61% APY applies to balances of $.01 - $49,999.99 and .41% APY applies to balances over $50,000.00 as long as qualifications are met each statement cycle. Interest Checking rate tiers are as follows: 0.71% APY applies to balances of $.01 - $49,999.99 and .61% APY applies to balances over $50,000.00 as long as qualifications are met each statement cycle. 0.11% APY applies to all balances if qualifications are not met. Rates may change after the account is opened. Fees may reduce earnings. No minimum balance required. No monthly service charge. Available to personal accounts only. If you do not meet the qualifications per cycle your account will still earn the base interest rate, your account will still function as a free checking account, however, your account will not receive ATM refunds for that time period. Account may be subject to 1099-MISC or 1099-INT IRS reporting. Super Interest Savings: 6 free pre-authorized transfers per statement cycle. No limit on in person withdrawals. Excess transactions will be charged $10.00 each. Excess transactions will result in modification of accounts.

To receive the preferred interest for Interest Checking and Interest Savings and nationwide ATM fee refunds you must perform the following qualifications each statement cycle:

1. Make 10 point of sale transactions using your Visa debit card, per qualification cycle.

2. Have a valid email address on file and receive your monthly statement electronically.

3. Initiate one direct deposit or pre-authorized electronic payment. Bill Pay payments and debit card transactions do not count toward this qualification.

Your Interest Savings account is linked to your Interest Checking account; you only need to meet your Interest Checking account qualifications each cycle to qualify for the Interest Savings.

FAQ

What is an Interest Savings account?

The Interest Savings account works like a regular free savings account, but has a preferred rate of interest and ATM fee refunds when all qualifiers are met. Qualifying is easy because this account is linked to your free Interest Checking account. Each month that you qualify with Interest Checking, Premier Bank automatically moves the interest you earn from your Interest Checking account to your Interest Savings account. We also move your ATM fee refunds- all to help you automatically save.

Both accounts will cycle on the same day and because an interest transaction credits the Interest Savings account, the statement will be received monthly.

Account holders must only meet the qualifiers on their Interest Checking account in order to earn the rewards with their Interest Savings account.

Do I have to open an Interest Checking account to open an Interest Savings account?

Yes, each account holder is required to have an Interest Checking account to open an Interest Savings account.

What are the 3 qualifiers that must be met to qualify*?

This account is linked to your Interest Checking account so you only need to meet your Interest Checking account qualifications to qualify for the Interest Savings. The three qualifiers are:

1. Make 10 point of sale transactions using your Visa debit card, per qualification cycle.

2. Have a valid email address on file and receive your monthly statement electronically.

3. Initiate one direct deposit or pre-authorized electronic payment. Bill Pay payments and debit card transactions do not count toward your qualifiers.

Please explain the qualifiers in greater detail.

• Any purchase you make at a retail location using your debit card is a point of sale transaction. Transactions may not post to your account the same day they are made or they may be posted for a partial amount until the retailer balances their transactions. Only the point of sale transactions that are fully posted to your account within your statement cycle will be included in the "10 retail point of sale transactions" qualifiers.

• With this account you will not receive a paper statement. We will email a notification informing you when your statement is ready to be viewed and printed from Premier Bank's Online Banking site.

• Direct deposit is a service typically offered by employers and Social Security. This service electronically deposits your paycheck/Social Security check into your saving account. ACH debits are recurring payments automatically deducted from you savings account. These are typically monthly payments, such as your house payment or electric bill.

How does the Interest Savings account earn interest?

The interest earned on the Interest Savings account is dependent on the activity of its corresponding Interest Checking account. For the Interest Savings account to earn the preferred interest, the Interest Checking must meet its qualifications. Otherwise, Interest Checking base interest rate is guaranteed. The interest for the Interest Savings account will be calculated just like Interest Checking, we will supply the rate adjustment based on the associated Interest Checking meeting qualifications.

How often must the qualifiers be met to qualify?

The Interest Checking qualifiers start over each statement cycle.

What is the statement cycle for this account?

Your statement cycle is the same as your Interest Checking.

What happens if I fail to meet the qualifiers during a statement cycle?

You will still earn the base interest rate earned on the Interest Checking account; however the ATM fees will not be refunded.

How does the tiered interest rate work?

If all qualifiers are met during the statement cycle, your Interest Checking rate tiers are as follows: 0.71% APY* applies to balances of $.01 - $49,999.99 and .61% APY applies to balances over $50,000.00 as long as qualifications are met each statement cycle. Your Interest Savings account will earn the 0.61% Annual Percentage Yield (APY) on deposits up to $49,999.99. Any deposit amount $50,000.00 or over will earn .41% APY. If you do not meet all three qualifiers during the statement cycle, all deposits will earn 0.11%.

Can the interest change on my account?

Rates may change at the discretion of Premier Bank, but we are committed to you and will maintain a premium rate of interest on this account.

How is the interest calculated?

Interest on collected balances accrues daily.

How do ATM refunds work?

There is no charge for using Premier Bank ATMs or Publix Presto machines. All other domestic ATM fees collected throughout the statement cycle, including Premier Bank ATM fees, will be automatically refunded if you meet the qualifiers.

How will I know if I met all of the qualifiers?

The end of cycle email notification that generates for the Interest Checking account will include a message indicating that, if the Interest Checking account qualified, higher interest was also earned on the Interest Savings account and the rewards will be transferred from the Interest Checking account to the Interest Savings account on the next business day.

information. Contact us at (850) 386-2225 or email us at info@premier-bank.com and we'll be glad to assist you.

Is this too good to be true?

Not in the least! You qualify each month when you do things like: using your debit card, receiving eStatements, and making an automatic payment or direct deposit. These activities help Premier Bank save money, which we passed along to you.

Are these accounts insured?

Yes. These accounts are insured by under normal FDIC guidelines.

*Annual Percentage Yield (APY). Interest Savings rate tiers are as follows: 0.61% APY applies to balances of $.01 - $49,999.99 and .41% APY applies to balances over $50,000.00 as long as qualifications are met each statement cycle. Interest Checking rate tiers are as follows: 0.71% APY applies to balances of $.01 - $49,999.99 and .81% APY applies to balances over $50,000.00 as long as qualifications are met each statement cycle. 0.11% APY applies to all balances if qualifications are not met. Rates may change after the account is opened. Fees may reduce earnings. No minimum balance required. No monthly service charge. Available to personal accounts only. If you do not meet the qualifications per cycle your account will still earn the base interest rate, your account will still function as a free checking account, however, your account will not receive ATM refunds for that time period. Account may be subject to 1099-MISC or 1099-INT IRS reporting. Super Interest Savings: 6 free pre-authorized transfers per statement cycle. No limit on in person withdrawals. Excess transactions will be charged $10.00 each. Excess transactions will result in modification of accounts.

To receive the preferred interest for Interest Checking and Interest Savings and nationwide ATM fee refunds you must perform the following qualifications each statement cycle:

1. Make 10 point of sale transactions using your Visa debit card, per qualification cycle.

2. Have a valid email address on file and receive your monthly statement electronically.

3. Initiate one direct deposit or pre-authorized electronic payment. Bill Pay payments and debit card transactions do not count toward this qualification.

Your Interest Savings account is linked to your Interest Checking account; you only need to meet your Interest Checking account qualifications each cycle to qualify for the Interest Savings.

Annual Percentage Yield (APY) accurate as of July 31, 2010