KASASA SAVER WITH KASASA CASH – TRUTH IN SAVINGS DISCLOSURE

This disclosure contains the rules that govern your deposit account as of 3/1/2023.

Account Overview

Kasasa Cash is a free variable rate checking account with no minimum balance that rewards accountholders with higher interest and nationwide ATM withdrawal fee refunds when they meet minimum qualifications during the account’s Monthly Qualification Cycle.

Kasasa Saver is a free, variable rate, deposit account with no minimum balance that rewards accountholders with higher interest when they meet the minimum qualifications associated with their linked Kasasa Cash checking account during each Monthly Qualification Cycle.

If, for whatever reason, the Kasasa Saver portion of your account is closed, only the Kasasa Cash terms and conditions articulated within this disclosure will apply to the checking account.

A $50.00 minimum deposit is required to open the Kasasa Cash Account.  A $50.00 minimum deposit is required to open the Kasasa Saver Account.

Terms of your Kasasa Cash Checking Account when qualifications are met

Interest Rate & Annual Percentage Yield (APY) –  Daily balances up to and including $15,000.00 in your Kasasa Cash account earn an interest rate of 2.1291% resulting in an APY of 2.15%; and daily balances over $15,000.00 earn an interest rate of 0.1998% on the portion of the daily balance over $15,000.00, resulting in a range from 2.15% to 0.45% APY depending on the account’s daily balance. The interest rate and APY may change daily.  At our discretion we may change the interest on your account at any time. Fees may reduce earnings.

Compounding and Crediting –  Interest will be compounded on a daily basis and credited to your Kasasa Cash account on the last day of the current statement cycle.  Interest is automatically transferred to the Kasasa Saver account after each statement cycle.  If you close your account before the interest is credited, you will not receive the accrued interest.  Interest begin(s) to accrue on the business day you deposit noncash items (for example, checks).

Balance Computation Method –  We use the daily balance method to calculate the interest in your Kasasa Cash account.  This method applies a periodic rate to the principal in the account each day for the period.  The period we use is the Statement Cycle.

Terms of your Kasasa Saver Account when qualifications of the Kasasa Cash Account are met

Interest Rate & Annual Percentage Yield (APY) –  Daily balances up to and including $50,000.00 in your Kasasa Saver account earn an interest rate of 0.9954% resulting in an APY of 1.00%, and daily balances over $50,000.00 earn an interest rate of 0.1998% on the portion of the daily balance over $50,000.00 resulting in a range from 1.00% to 0.47% APY depending on the account’s daily balance.  The interest rate and APY may change daily.  At our discretion we may change the interest on your account at any time. Fees may reduce earnings on the account.

Compounding and Crediting –  Interest will be compounded daily and credited to your Kasasa Saver account on the last day of the current statement cycle.  If you close your account before the interest is credited, you will not receive the accrued interest.  Interest begin(s) to accrue on the business day you deposit noncash items (for example, checks).

Balance Computation Method –  We use the daily balance method to calculate the interest in your Kasasa Saver account.  This method applies a periodic rate to the principal in the account each day for the period.  The period we use is the Statement Cycle.

Terms of your Kasasa Cash Checking Account when qualifications are not met

Interest Rate & Annual Percentage Yield (APY) –  The interest rate will be 0.05% resulting in an APY of 0.05%.  The interest rate and APY may change daily.  At our discretion we may change the interest on your account at any time.  Fees may reduce earnings on the account.

Compounding and Crediting –  Interest will be compounded monthly and credited to your Kasasa Saver account on the last day of the current statement cycle.  If you close your account before the interest is credited, you will not receive the accrued interest.  Interest begin(s) to accrue on the business day you deposit noncash items (for example, checks).

Balance Computation Method –  We use the average daily balance method to calculate the interest in your Kasasa Cash account.  This method applies a periodic rate to the average balance in the account for the period.  The period we use is the Statement Cycle.

Terms of your Kasasa Saver Account when qualifications of the Kasasa Cash Checking Account are not met

Interest Rate & Annual Percentage Yield (APY) –  The interest rate will be 0.05% resulting in an APY of 0.05%.  The interest rate and APY may change daily.  At our discretion we may change the interest on your account at any time.  Fees may reduce earnings on the account.

Compounding & Crediting –  Interest will be compounded monthly and credited to your Kasasa Saver account on the last day of the current statement cycle.  If you close your account before the interest is credited, you will not receive the accrued interest. Interest begin(s) to accrue on the business day you deposit noncash items (for example, checks).

Balance Computation Method –  We use the average daily balance method to calculate the interest in your Kasasa Saver account.  This method applies a periodic rate to the average balance in the account for the period.  The period we use is the Statement Cycle.

Reward Information

When your Kasasa Cash account qualifications are met during a Monthly Qualification Cycle, daily balances up to and including $15,000.00 in your Kasasa Cash account earn an interest rate of 2.1291% resulting in an APY of 2.15%, and daily balances over $15,000.00 earn an interest rate of 0.1998% on the portion of the daily balance over $15,000.00 resulting in a range from 2.15% to 0.45% APY depending on the account’s daily balance.

In addition, daily balances up to and including $50,000.00 in your Kasasa Saver account earn an interest rate of 0.9954% resulting in an APY of 1.00%, and daily balances over $50,000.00 earn an interest rate of 0.1998% on the portion of the daily balance over $50,000.00 resulting in a range from 1.00% to 0.47% APY depending on the Kasasa Saver account’s daily balance.

You will receive reimbursements up to an aggregate total of $25.00 for nationwide ATM withdrawal fees incurred within your Kasasa Cash account during that Monthly Qualification Cycle.  We reimburse ATM withdrawal fees based on estimates when the withdrawal information we receive does not identify the ATM withdrawal fee.  If you have not received an appropriate reimbursement, we will adjust the reimbursement amount if you provide us with the transaction receipt within sixty (60) calendar days of the withdrawal transaction.  Nationwide ATM withdrawal fee reimbursements will be credited to your account on the last day of the current statement cycle.

You will automatically qualify for the account’s rewards during your account’s first statement cycle.  If the account is closed before rewards are credited, you will forfeit the rewards.

 Qualification Information

To earn your rewards, the following enrollments must be in place and all transactions and activities must post and settle to your Kasasa Cash account during each Monthly Qualification Cycle:

• At least 12 debit card purchases
• Be enrolled in and log into online banking at least once during the Monthly Qualification Cycle
• Be enrolled in and have agreed to receive e-statements rather than paper statements

Account transactions and activities may take one or more days to post and settle to the account and all must do so during the Monthly Qualification Cycle in order to qualify for the account’s rewards.

The following activities do not count toward earning account rewards:  ATM-processed transactions, transfers between accounts, debit card purchases processed by merchants and received by our bank as ATM transactions, non-retail payment transactions and purchases made with debit cards not issued by our bank.  Transactions bundled together by merchants and received by our institution as a single transaction count as a single transaction for the purpose of earning account rewards.

Definitions

“Monthly Qualification Cycle” means a period beginning one (1) banking day prior to the first day of the current statement cycle through one (1) banking day prior to the last business day of the current statement cycle.

“Banking Day” means any business day on which an office of the bank is open to the public for the purpose of carrying out substantially all of its banking functions.

“Business Day” means a calendar day other than a Saturday or a Sunday, January 1, the third Monday in January, the third Monday in February, the last Monday in May, July 4, the first Monday in September, the second Monday in October, November 11, the fourth Thursday in November, or December 25. If January 1, July 4, November 11, or December 25 falls on a Sunday, the next Monday is not a Business Day.

“Statement Cycle” means the period of time for which LaSalle State Bank provides a summary of the financial activities and transactions that post and settle to the accountholder’s account.

Additional Information

APY = Annual Percentage Yield.  APY calculations are based on an assumed balance of $15,000.00 + $100,000 in your Kasasa Cash account and $50,000.00 + $100,000 in your Kasasa Saver account and an assumed statement cycle of thirty-one (31) days.

Account approval, conditions, qualifications, limits, timeframes, enrollments, log-ons and other requirements apply.  Enrollment in electronic services (e.g. online banking, e-statements) and log-ons is required to meet some of the account’s qualifications.  Limit of 1 account per Social Security Number.  This account is not to be used for commercial purposes.  If the account is closed, you will forfeit any rewards that have not been credited to your account; and any optional add-on products/services associated with this account will be terminated (Kasasa Protect).  Contact one of our bank service representatives for additional information, details, restrictions, reward calculations, processing limitations, cycle dates and enrollment instructions. Member FDIC. Kasasa, Kasasa Cash and Kasasa Saver are trademarks of Kasasa, Ltd., registered in the U.S.A.

KASASA SAVER WITH KASASA CASH BACK – TRUTH IN SAVINGS DISCLOSURE

This disclosure contains the rules that govern your deposit account as of 3/1/2023.

Account Overview

Kasasa Cash Back is a free reward checking account with no minimum balance that rewards you with cash back on your debit card purchases and nationwide ATM withdrawal fee refunds when you meet minimum qualifications during the account’s Monthly Qualification Cycle.

Kasasa Saver is a free, variable rate, deposit account with no minimum balance that rewards you with more interest when you meet the minimum qualifications associated with your linked Kasasa Cash Back checking account during each Monthly Qualification Cycle.

If, for whatever reason, the Kasasa Saver portion of your account is closed, only the Kasasa Cash Back terms and conditions articulated within this disclosure will apply to the checking account.

A $50.00 minimum deposit is required to open the Kasasa Cash Back account. A $50.00 minimum deposit is also required to open the Kasasa Saver account.

Terms of your Kasasa Saver Account when qualifications of the Kasasa Cash Back Checking Account are met

Interest Rate & Annual Percentage Yield (APY) –  Daily balances up to and including $50,000.00 in your Kasasa Saver account earn an interest rate of 0.9954% resulting in an APY of 1.00%, and daily balances over $50,000.00 earn an interest rate of 0.1998% on the portion of the daily balance over $50,000.00 resulting in a range from 1.00% to 0.47% APY depending on the account’s daily balance.  The interest rate and APY may change daily.  At our discretion we may change the interest on your account at any time. Fees may reduce earnings on the account.

Compounding & Crediting –  Interest will be compounded daily and credited to your Kasasa Saver account on the last day of the current statement cycle.  If you close your account before the interest is credited, you will not receive the accrued interest.  Interest begin(s) to accrue on the business day you deposit noncash items (for example, checks).

Balance Computation Method –  We use the daily balance method to calculate the interest in your Kasasa Saver account.  This method applies a periodic rate to the principal in the account each day for the period.  The period we use is the Statement Cycle.

Terms of your Kasasa Saver Account when qualifications of the Kasasa Cash Back Checking Account are not met

Interest Rate & Annual Percentage Yield (APY) –  The interest rate will be 0.05% resulting in an APY of 0.05%.  The interest rate and APY may change daily.  At our discretion we may change the interest on your account at any time. Fees may reduce earnings on the account.

Compounding & Crediting –  Interest will be compounded monthly and credited to your Kasasa Saver account on the last day of the current statement cycle.  If you close your account before the interest is credited, you will not receive the accrued interest.  Interest begin(s) to accrue on the business day you deposit noncash items (for example, checks).

Balance Computation Method –  We use the average daily balance method to calculate the interest in your Kasasa Saver account.  This method applies a periodic rate to the average balance in the account for the period.  The period we use is the Statement Cycle.

Reward Information

When Kasasa Cash Back qualifications are met during a Monthly Qualification Cycle, you will receive 3.00% cash back on up to a total of $200.00 in debit card purchases that post and settle to the account during that cycle period.  A maximum of $6.00 cash back payments may be earned per Monthly Qualification Cycle.

You will receive reimbursements up to an aggregate total of $25.00 for nationwide ATM withdrawal fees incurred within your Kasasa Cash Back account during the Monthly Qualification Cycle.  We reimburse ATM withdrawal fees based on estimates when the withdrawal information we receive does not identify the ATM withdrawal fee.  If you have not received an appropriate reimbursement, we will adjust the reimbursement amount if you provide us with the transaction receipt within sixty (60) calendar days of the withdrawal transaction.

The cash back payments and nationwide ATM withdrawal fee reimbursements earned in your Kasasa Cash Back account will be credited to your Kasasa Saver account on the last day of the current statement cycle.

Rewards less than a penny cannot be distributed.  You will automatically qualify for the account’s rewards during your account’s first statement cycle.  If the account is closed before rewards are credited, you will forfeit the rewards.

Qualification Information

To earn your rewards, the following enrollments must be in place and all transactions and activities must post and settle to your Kasasa Cash Back account during each Monthly Qualification Cycle:

• At least 12 debit card purchases,
• Be enrolled in and log into online banking at least once during the Monthly Qualification Cycle
• Be enrolled in and have agreed to receive e-statements rather than paper statements

Account transactions and activities may take one or more days to post and settle to the account and all must do so during the Monthly Qualification Cycle in order to qualify for the rewards.

The following activities do not count toward earning account rewards:  ATM-processed transactions, transfers between accounts, debit card purchases processed by merchants and received by our bank as ATM transactions, non-retail payment transactions and purchases made with debit cards not issued by our bank.  Transactions bundled together by merchants and received by our institution as a single transaction count as a single transaction for the purpose of earning account rewards.

Definitions

“Monthly Qualification Cycle” means a period beginning one (1) banking day prior to the first day of the current statement cycle through one (1) banking day prior to the last business day of the current statement cycle.

“Banking Day” means any business day on which an office of the bank is open to the public for the purpose of carrying out substantially all of its banking functions.

“Business Day” means a calendar day other than a Saturday or a Sunday, January 1, the third Monday in January, the third Monday in February, the last Monday in May, July 4, the first Monday in September, the second Monday in October, November 11, the fourth Thursday in November, or December 25.  If January 1, July 4, November 11, or December 25 falls on a Sunday, the next Monday is not a Business Day.

“Statement Cycle” means the period of time for which our bank provides a summary of the financial activities and transactions that post and settle to the accountholder’s account.

Additional Information

Account approval, conditions, qualifications, limits, timeframes, enrollments, log-ons and other requirements apply.  See accompanying LaSalle State Bank Fee Schedule for fees that may apply to this account.  Enrollment in electronic services (e.g. online banking, e-statements) and log-ons is required to meet some of the account’s qualifications.  Limit of 1 account per Social Security Number. This account is not to be used for commercial purposes.  If the account is closed, you will forfeit any rewards that have not been credited to your account, and any optional add-on products/services associated with this account will be terminated (Kasasa Protect).  APY calculations are based on an assumed balance of $50,000.00 + $100,000 in your Kasasa Saver account and an assumed statement cycle of thirty-one (31) days.

Contact one of our bank service representatives for additional information, details, restrictions, reward calculations, processing limitations, cycle dates and enrollment instructions. Member FDIC.  Kasasa, Kasasa Cash Back and Kasasa Saver are trademarks of Kasasa, Ltd., registered in the U.S.A.