Bank Deposit Disclosures for Consumers

For additional details about our deposit products, please refer to the Deposit Account Agreement, a current rate sheet and our Consumer Deposit Account Fee schedule, which are available at any Associated Bank location. Please see the Consumer Deposit Account Fee schedule for other fees that may apply to your Associated deposit account, including overdraft/non-sufficient funds related charges, stop payment and other charges. All product offerings may not be available in every Associated Bank location and rates may vary by region. Check with your Associated Banker for current product offerings at your local bank office.

Deposit and loan products are offered by Associated Bank, N.A., Member FDIC and Associated Banc-Corp. Equal Housing Lender. Equal Opportunity Lender.

The Following Disclosures Apply to All Associated Checking Products:

  • 1 - Up to your available balance. Surcharge-free network access provided for customers of Associated Bank and is restricted to U.S. locations. Free access is exclusive to customers using a qualified consumer checking account, savings account or money market account. See www.associatedATM.com for details, including details on surcharge-free network ATMs. Owner of ATM may charge a fee (applies if ATM is not in surcharge-free network).
  • 2 - Relationship balances include the aggregate average balance of any deposit (including checking, savings, money market or CD accounts) and /or loan balance on the date of the checking account statement (including consumer loans and home equity loans and lines, but excluding credit card and mortgage balances) using an identical customer taxpayer ID number on record. Relationship activity requires ten or more electronic transactions (any combination of ACH, bill pay, debit card ATM or online transfers).
  • 3 - Overdraft Protection Transfer service links your checking account with any number of your other accounts at Associated: savings account, money market account, credit card, checking Reserve Line of Credit or Home Equity Line of Credit. There is a fee in the event a transfer is needed to cover your overdraft. Loan products are subject to credit approval and involve interest and other costs. Please ask about details on fees, terms and conditions of these products.
  • 4 - Preferred CD, money market, savings and loan rates require related accounts to be held under identical customer ID number.
  • 5 - Loan products are subject to credit approval and involve interest and other costs. Please ask about details on fees, terms and conditions of these products.
  • 6 – Discount of ½% universally available to this and other relationship option accounts. Subject to credit approval, offer excludes first mortgage. To obtain discount, there may be a requirement for automatic (ACH) payments from your Associated Bank checking account.
  • 7 - You must notify us if you wish to use combined deposit account or loan/line balances to avoid monthly maintenance fees. The outstanding loan or line balance on the date of the checking account statement will be used in determining if the combined loan/line balance requirement is satisfied.
  • 8 - Interest on checking account is paid on the daily collected balance.
  • 9 - Upon closing the Platinum Advantage Account, applicable minimum balance requirements and maintenance fees will apply.
  • 10 - SECURITIES ARE OFFERED BY ASSOCIATED INVESTMENT SERVICES, INC. ("AIS"), member FINRA (www.finra.org) and SIPC (www.sipc.org), d/b/a Associated Investment Services Group in Minnesota. • Fiduciary, administrative and planning services are provided by Associated Trust Company, NA ("ATC"). Investment management services are provided to ATC by Kellogg Asset Management, LLC® (“KAM”), an SEC-registered investment adviser. • Securities offered are NOT deposits or obligations of, insured or guaranteed by Associated Banc-Corp ("AB-C") or any bank or affiliate, are NOT insured by the FDIC or any agency of the United States, and involve INVESTMENT RISK, including POSSIBLE LOSS OF VALUE. • AIS, ATC and KAM are all affiliates of AB-C.
  • 11 - The creditor, issuer and service provider is Elan Financial Services. Subject to credit approval. Inquire for details.
  • 12 - Zero Liability protection does not apply to MasterCard or Visa-branded cards issued to an entity other than a natural person; primarily for business, commercial or agricultural purposes; outside of the U.S. region; or if a PIN is used as the cardholder verification method for the unauthorized transaction(s). See your Cardholder Agreement for more details.
  • 13 - Discretionary Overdraft Privilege; A fee may be imposed for covering overdrafts created by check, in-person withdrawal, ATM withdrawal, debit card transactions, or other electronic means. An overdraft or NSF (unavailable funds) fee of $35 per item applies. A continuous overdraft fee of $7 per business day applies when an account is overdrawn for more than five consecutive business days. Whether your overdraft will be paid is discretionary and we reserve the right not to pay. For example, we typically do not pay overdrafts if your account is not in good standing, or you are not making regular deposits, or you have too many overdrafts. This is not an overdraft line of credit and you must make a deposit immediately to bring your account back to a positive balance. Please refer to the What You Need to Know about Overdrafts and Overdraft Fees disclosure and Deposit Account Agreement, for more details.

MasterCard and the MasterCard Brand Mark are registered trademarks of MasterCard International Incorporated. Visa and the Visa logo are registered trademarks of Visa International Service Association. American Express and the American Express Travelers Cheque are registered trademarks of American Express Company. Wisconsin Badgers is a registered trademark of the Board of Regents of the University of Wisconsin System. Green Bay Packers, Packers and logos are registered trademarks of Green Bay Packers, Inc. Milwaukee Brewers, Brewers and logos are registered trademarks of Milwaukee Brewers Baseball Club, Inc. All trademarks, service marks and trade names referenced in this material are the property of their respective owners.

Interest rates and Annual Percentage Yields (APYs)
APYs are published on the Associated Bank rate sheet, available at your Associated Bank office. Specific interest rate information on your account will be provided prior to opening an interest-bearing account. Interest rates and APYs on interest-bearing checking are variable, may vary by market and may change at our discretion. Interest is calculated using the daily balance method. This method applies a daily periodic rate to the collected principal balance in the account each day. Interest is compounded and credited based on a 365/366-day year. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks). Fees applied to your account may affect your earnings. For current rates, contact us or your local banking office.

Combined Statements
If your savings and/or money market account(s) are added to a combined statement, the service charge period will be changed to match the primary account for that combined statement. Interest (if applicable) will post at the frequency originally disclosed, based on the cycle date of the lead account. If you combine two or more checking accounts on the same statement, check safekeeping is required on all but the primary statement account. To simplify your life, request a combined statement by calling 1-800-682-4989, 24 hours a day, seven days a week, or use our secure message form.

The Following Disclosures Apply to All Associated Certificates of Deposit:

Account Availability
Not all Certificates of Deposit described may be available at your Associated Bank location. However, other special promotional certificates may be offered. Check with an Associated Banker for current offerings.

Interest

  • Interest rates and Annual Percentage Yields (APY) are published weekly in Associated Bank’s rate sheet. They may change at any time. You will be provided with interest rate and APY information prior to opening an Associated Certificate of Deposit.
  • See your investment certificate receipt for the interest rate and APY for your Certificate of Deposit.
  • Interest is calculated using the Daily Balance Method. This method applies a daily periodic rate to the principal in the account each day.
  • Interest is calculated based on a 365/366 day year.
  • Interest begins to accrue on the business day you deposit any non-cash items (for example, checks).
  • The Annual Percentage Yield (APY) assumes interest will remain on deposit until maturity. Any withdrawals will reduce earnings.
  • Interest paid by addition to principal may be withdrawn at any time during the term of the deposit without penalty. However, if the deposit has been automatically renewed, interest credited to the principal from previous terms will be considered part of the principal and cannot be withdrawn without an interest penalty.

Maturing/Renewing Certificates
Automatically renewing certificates will renew on the maturity date at the prevailing rate of interest being paid on such deposits at the time of renewal for successive periods each equal to the original term, unless otherwise disclosed at opening. The Bank may refuse to renew the deposit or change the renewal terms by providing you with a written notice of non-renewal or change thirty (30) days prior to the maturity date.

Penalty for Early Withdrawal
You contract with the bank to keep funds on deposit for the time period stated on your investment certificate receipt. You may not withdraw any part of the funds prior to the stated maturity without consent of the Bank, except on request after the death of a depositor, or where a depositor has been judicially declared incompetent. If the Bank permits early withdrawal of funds from a Certificate of Deposit before maturity (except as stated within the terms of the certificate), the penalty for withdrawal will be imposed as shown in the product description. The early withdrawal penalty for funds withdrawn within six (6) days after the opening of the Certificate of Deposit will be at least seven (7) days of interest. This penalty may invade the principal on deposit. The interest rate used to calculate the penalty shall be the interest rate being paid on the certificate.

The Following Disclosures Apply to All Associated Savings and Money Market Accounts:

All savings and money market interest rates are variable and may change at the bank's discretion. See current Associated Bank deposit account rate sheet for current tiering information. Interest credited and compounded on a monthly basis. Fees or withdrawals will reduce earnings.

Limitations on all Money Market and Savings Accounts. Federal Reserve Regulation D limits the total number of transfers made by check and telephone, online banking and overdraft protection, as well as preauthorized transfers (including debit card purchases, automatic transfers and wire transfers) to six (6) per calendar month for savings and money market accounts not on combined statement, or statement period for savings and money market accounts on a combined statement. The bank may impose an excess activity fee of $12 for each transaction exceeding these limitations. There is also a $1 fee for each in-person withdrawal exceeding six per month.

IRA money market deposit accounts are not accessible by check.

The Following Disclosures Apply to All Associated Individual Retirement Accounts:

Account Availability
Not all Individual Retirement Accounts described may be available at your Associated Bank location. Please check with an Associated Banker for current offerings and disclosures.

Interest

  • Interest rates and Annual Percentage Yields (APY) are published weekly in Associated Bank’s rate sheet. They may change at any time. You will be provided with interest rate and APY information prior to opening an Associated IRA account.
  • See your investment certificate receipt for the interest rate and APY for your IRA.
  • Interest is calculated using the Daily Balance Method. This method applies a daily periodic rate to the principal in the account each day.
  • Interest is calculated based on a 365/366 day year.
  • Interest begins to accrue on the business day you deposit any non-cash items (for example, checks).
  • The Annual Percentage Yield (APY) assumes interest will remain on deposit until maturity. Any withdrawals will reduce earnings.
  • Interest paid by addition to principal may be withdrawn at any time during the term of the deposit without penalty. However, if the IRA has been automatically renewed, interest credited to the principal from previous terms will be considered part of the principal and cannot be withdrawn without an interest penalty (applies to IRAs that are funded by a Certificate of Deposit only).

Maturing/Renewing Certificates (applies to IRAs that are funded by a Certificate of Deposit only)
Automatically renewing certificates will renew on the maturity date at the prevailing rate of interest being paid on such deposits at the time of renewal for successive periods each equal to the original term, unless otherwise disclosed at opening. The bank may refuse to renew the deposit or change the renewal terms by providing you with a written notice of non-renewal or change thirty (30) days prior to the maturity date.

Penalty for Early Withdrawal (applies to IRAs that are funded by a Certificate of Deposit only):

  • Standard early withdrawal penalties will apply when funds are withdrawn from an IRA for the following purposes:
    1. Transfer or withdrawal of funds outside the bank regardless of the account holder’s age prior to the maturity of the investment.
    2. Upgrading of funds to higher earnings rate within the bank prior to the maturity of the investment.
  • Standard early withdrawal penalties will be waived only:
    1. In the event of death, disability or incompetence of the account holder.
    2. After the age of 59 1/2 for normal distribution.
  • You contract with the bank to keep funds on deposit for the time period stated on your investment certificate receipt. You may not withdraw any part of the funds prior to the stated maturity without consent of the bank, except on request after the death of a depositor, or where a depositor has been judicially declared incompetent, or for IRA certificates of deposit, where a depositor is disabled according to 26 USC 72 (M)(7). If the bank permits early withdrawal of funds from a certificate of deposit before maturity (except as stated within the terms of the certificate), the penalty for withdrawal will be imposed as shown in the product description in this brochure. The early withdrawal penalty for funds withdrawn within six (6) days after the opening of the certificate of deposit will be at least seven (7) days of interest. This penalty may invade the principal on deposit. The interest rate used to calculate the penalty shall be the interest rate paid on the certificate.

Tax Implications
Please consult a professional tax specialist for IRS rules governing Individual Retirement Accounts, including differences between Traditional IRA and Roth IRA tax treatments and IRS penalties on funds withdrawn from IRAs.