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Columbia Bank Account Disclosure
ANNUAL PERCENTAGE YIELD = APY
All information on this disclosure is accurate for the effective date listed above. Current interest rate and annual percentage yields are always available by calling 1-800-522-4167. All deposits of cash and non-cash (for example, checks) into interest bearing accounts begin earning interest from the day of deposit to the date of withdrawal as long as the minimum balance requirement is maintained. We use the daily balance method to calculate interest on all interest bearing accounts, applying a daily periodic rate to the principal balance in the account each day. The interest rates and annual percentage yields on all variable interest rate accounts may change daily. Promotional rate certificates are available only at promotional branches. Promotional rate certificates and Advantage Plus (AP) certificates will only receive the promotional or AP rate of interest for the initial term of the certificate unless the Columbia Bank Pricing Committee elects to continue this promotional rate or AP rate for the same term at maturity at the branch the certificate was opened. Interest rates are not tied to any index. They are established at the discretion of the Columbia Bank Pricing Committee. The interest rates on all fixed rate accounts will be paid up until the date of maturity. For savings certificate accounts that compound interest, the annual percentage yield assumes interest will remain on deposit for a full year. A withdrawal will reduce earnings. The minimum amount to open a variable rate interest bearing account is $1.00. The minimum to open a New Jersey Consumer Checking (N.J.C.C.) account is $ 50.00. The minimum to open any other non-interest bearing account is $ 0.01. The minimum to open any fixed rate certificate account is the same daily minimum to earn the annual percentage yield. Additional deposits to fixed rate savings certificates may only be made during the grace period. Only interest that has been credited to your certificate account during the current term may be withdrawn.
APY (Annual Percentage Yield) may change after account is opened. This account is a variable rate account and subject to change at anytime. To obtain the APYs quoted above we require a qualifying direct deposit or an online bill payment transaction to post to your account each statement cycle. Cycles where these requirements are not met, the lowest balance tier will apply, currently this APY is .10%. For the portion of over $249,999.99 to $1,000,000.00 the APY will range from 1.01% to .33%. Fees may reduce earning. No Columbia ATM fees when you use nationwide ATMs. Refund of nationwide ATM surcharges charged by other ATM owners limited to six per statement cycle or $20, whichever is less. Standard text and data rates may apply from your phone provider with mobile banking. This offer applies to new consumer accounts only. $50 will be deposited into your account within 60 days after you conducted your first qualifying direct deposit transaction. $50 will be deposited within 60 days after your first online banking bill payment transaction. Free gift available while supply lasts.
Yield Plus Checking Disclosure
eAdvantage Money Market Deposit Account Disclosure: All information on this disclosure is accurate for the effective date listed above. All deposits of cash and non-cash (for example, checks) into an interest bearing eAdvantage Money Market Deposit Account (MMDA) begin earning interest from the day of deposit to the date of withdrawal. We use the daily balance method to calculate interest on all interest bearing accounts, applying a daily periodic rate to the principal balance in the account each day. The interest rates and annual percentage yields on the variable rate interest bearing eAdvantage MMDA may change daily. Interest rates are not tied into any index. They are established at the discretion of the Columbia Bank Pricing Committee. The minimum amount to open a variable interest bearing account is $0.01. The minimum daily balance to avoid a monthly service charge is $2,500.00. If the balance goes below the minimum daily balance at any time during the monthly statement cycle, a monthly service charge of $12.00 will be imposed. Federal regulations limit the number of checks written, POS purchases or other electronic transactions that you can make to six per statement cycle. A $15.00 fee will be charged for each transaction that exceeds the six per statement cycle. Interest is credited monthly and compounded monthly. Interest is calculated daily on the full balance in the account based on the stated interest rate that corresponds to the applicable deposit tier. If you close your variable rate eAdvantage MMDA before interest is credited, you will not receive the accrued interest. Please see our Deposit Account Agreement and Disclosure and our General Schedule of Fees for other fees that may apply to this account.
The APY† shown above is available if you open a Columbia Bank Advantage PLUS Checking Account. If at any time during the term of your CD, this checking account is not maintained, you will earn the regular CD Annual Percentage Yield.
*Interest will be credited on the next to the last business day of each interest crediting period and at maturity. That interest is available to be withdrawn the following business day. If you close your variable rate interest bearing account before interest is collected, you will not receive the accrued interest.
**If the balance goes below the daily minimum balance at any time during the monthly statement cycle, the applicable monthly service charge will be imposed.
***The penalty for a premature withdrawal during the initial or any subsequent renewal term will be at the rate being paid on the account, regardless of the length of time the funds have remained on deposit. Any withdrawal which reduces the account balance below the initial /renewal balance shall be considered as a withdrawal of the entire account balance.
****All fixed rate savings certificates provide for automatic renewal unless at least 5 days for 7-28 day CDs or at least 10 days (for all other CDs) prior to the maturity date Columbia gives written notice to the account holder that the account will not be renewed. In such event, upon maturity, the account will be converted to a variable rate savings account and receive earnings at the interest rate then paid on variable rate savings accounts. The 7-28 day certificate has no grace period. The grace period for all other certificates is seven days from the date of maturity. During the grace period, funds can be withdrawn without penalty and will earn interest at the rate Columbia Bank is offering on the maturity date on certificate accounts for that term.
Bump Up Disclosure
*includes overdrafts created by check, in-person withdrawal, ATM (automated teller machine) withdrawal, ACH (automated clearinghouse) withdrawal, POS (point of sale) withdrawal, or other electronic means.
These charges will be debited from the account(s) affected and will be reflected on the periodic statement. If your Debit Card is lost, stolen or damaged, the charge to re-issue you another card is $5.00