This disclosure is given under the Truth in Savings Act and Regulation DD, 12 CFR Part 1030. It describes the terms of the consumer deposit accounts offered by Calder Bank & Trust, N.A. (the “Bank”). It is part of, and does not replace, the Deposit Account Agreement you received when you opened your account. Business and fiduciary accounts are governed by the Business Deposit Account Agreement and are not described here.
The interest rate and annual percentage yield on your account are shown in the rate schedule below. For all accounts other than the certificate accounts described in Section 8, the interest rate and annual percentage yield may change at any time at the Bank's discretion, and the Bank is not required to give you advance notice of a change. There is no maximum or minimum interest rate limit on any variable rate account except as stated for a particular product.
Interest is compounded daily and credited to your account monthly on the last business day of the statement cycle, except on the certificate accounts described in Section 8, where interest is compounded daily and credited quarterly on the anniversary of the account opening date and again at maturity. If you close a checking, savings or money market account before interest is credited, you will not receive the accrued interest. If you close a certificate account before maturity, Section 8 applies instead.
The minimum balance required to open each account, and the minimum balance required to obtain the disclosed annual percentage yield, are shown in the rate schedule. Where a minimum daily balance is required to obtain the annual percentage yield, you must maintain that balance in the account every day of the period; a balance that falls below the requirement on a single day means no interest is earned for that day, and depending on the product may mean no interest is earned for the entire period. This is a different requirement from the minimum balance required to avoid the monthly service charge, which is set out in the Schedule of Fees and Service Charges and is not always the same number.1
The Bank uses the daily balance method to calculate interest on all interest bearing accounts. This method applies a daily periodic rate to the principal in the account each day.
Interest begins to accrue no later than the business day the Bank receives credit for the deposit of noncash items, including checks. Receipt of credit is a function of the Bank's arrangement with its correspondent and its check clearing agent and is not the same event as the funds becoming available to you for withdrawal, which is described in the separate Your Ability to Withdraw Funds disclosure. A deposit may be accruing interest while it is still subject to a hold.
No limit is imposed on the number of transfers or withdrawals you may make from a savings or money market account. The Bank reserves the right at any time to require not less than seven days' written notice before a withdrawal from any savings or money market account, as federal regulation permits it to do. The Bank does not presently exercise this right and has not exercised it since 2009, but it is not waived.
Excessive transaction activity on a savings or money market account may cause the Bank to convert the account to a checking product, close the account, or assess the excess transaction charge shown in the Schedule of Fees and Service Charges. “Excessive” means more than six preauthorized, automatic or telephone transfers or withdrawals to a third party in a monthly statement cycle. Withdrawals made in person at a branch, at an automated teller machine, or by mail are not counted.2
The fees listed in the Schedule of Fees and Service Charges may reduce the earnings on your account. That schedule is a separate document, it is amended more often than this one, and where the two differ the Schedule of Fees and Service Charges controls. Fees assessed against an account whose accrued interest for the period is less than the fee will reduce the principal.
The interest rate and annual percentage yield on a certificate account are fixed for the term and will be in effect for the term of the account. The annual percentage yield assumes interest remains on deposit until maturity; a withdrawal of interest will reduce earnings.
If you withdraw any of the principal of a certificate account before the maturity date, a penalty will be imposed. For a term of 12 months or less the penalty is 90 days' interest on the amount withdrawn, whether or not earned. For a term of more than 12 months and not more than 36 months the penalty is 180 days' interest on the amount withdrawn, whether or not earned. For a term of more than 36 months the penalty is 365 days' interest on the amount withdrawn, whether or not earned. The penalty may take part of the principal.
No penalty is imposed on a withdrawal made within seven days after the account is opened; on a withdrawal made after the death of any owner of the account, or after any owner is determined to be legally incompetent by a court or other administrative body of competent jurisdiction; on a withdrawal from an individual retirement account made after the owner reaches age 59 1/2, or a withdrawal required to satisfy a required minimum distribution; or where the Bank waives the penalty in its sole discretion, which it does not do as a matter of course and which no employee has authority to promise in advance.
Certificate accounts renew automatically at maturity for the same term at the interest rate then offered by the Bank for that term, unless you tell us otherwise. You have a grace period of ten calendar days after the maturity date to withdraw funds without penalty. Interest is not paid on funds withdrawn during the grace period after the maturity date. The Bank mails a maturity notice at least 20 calendar days before maturity for any account with a term longer than one month. For a 21-day promotional certificate no maturity notice is sent, because the term is shorter than the notice period; that product was withdrawn from sale in 2018 and a small number of accounts remain open on it.
Where the Bank offers a bonus for opening an account, the offer document states the qualifying activity, the amount, when it will be paid, and the balance and time requirements to obtain it. A bonus is interest for tax purposes and is reported on Form 1099-INT. Offer CBT-2026-SPR expired 05/31/2026 and accounts opened under it remain subject to the 12-month early closing charge stated in that offer. Offer SAVE-TN-0825 is available only at offices in the Tri-Cities and Cleveland markets and only to depositors who did not hold a Calder deposit account in the 90 days before opening.
Interest rates and annual percentage yields accurate as of 08/01/2026. Rates on accounts other than certificates are variable and may change after the account is opened.
| Account | Minimum to open | Minimum balance to obtain APY | Interest rate | APY |
|---|---|---|---|---|
| Calder Advantage Checking3 | $50.00 | $1,500.00 | 0.03% | 0.03% |
| Cornerstone 55 Checking | $25.00 | $500.00 | 0.05% | 0.05% |
| Simple Checking | $25.00 | Not interest bearing | N/A | N/A |
| Statement Savings | $100.00 | $300.00 | 0.15% | 0.15% |
| Young Saver (under 18) | $10.00 | $10.00 | 0.35% | 0.35% |
| Premium Money Market, $0.01 to $24,999.99 | $2,500.00 | $2,500.00 | 0.55% | 0.55% |
| Premium Money Market, $25,000.00 to $99,999.99 | $2,500.00 | $25,000.00 | 1.24% | 1.25% |
| Premium Money Market, $100,000.00 and above | $2,500.00 | $100,000.00 | 1.98% | 2.00% |
| Certificate, 7 month4 | $1,000.00 | $1,000.00 | 3.93% | 4.00% |
| Certificate, 12 month | $1,000.00 | $1,000.00 | 3.69% | 3.75% |
| Certificate, 18 month | $1,000.00 | $1,000.00 | 3.44% | 3.50% |
| Certificate, 24 month | $1,000.00 | $1,000.00 | 3.20% | 3.25% |
| Certificate, 36 month | $1,000.00 | $1,000.00 | 3.00% | 3.04% |
| Certificate, 60 month | $1,000.00 | $1,000.00 | 2.86% | 2.90% |
| Individual Retirement Certificate, 18 month | $500.00 | $500.00 | 3.49% | 3.55% |
| Christmas Club | $5.00 | $5.00 | 0.25% | 0.25% |
The annual percentage yields shown above assume that interest remains on deposit until maturity or until the end of the crediting period. A withdrawal of interest will reduce earnings. Fees may reduce earnings. Rates on all accounts other than certificate accounts are variable and may change at any time after the account is opened without notice to you.
Rates shown are for offices in Tennessee, north Georgia and north Alabama. The bank does not offer deposit accounts outside its assessment area and does not accept deposit applications from persons who do not reside or maintain a place of business in that area.
1 The two minimum balances are different numbers and are often confused. On Calder Advantage Checking the minimum daily balance required to earn the disclosed annual percentage yield is $1,500.00, and the minimum daily balance required to avoid the $12.00 monthly service charge is $1,000.00. A customer holding an average of $1,200.00 pays no service charge and earns no interest. This is not an error in either document.
2 The six transfer limit was removed from federal regulation in April 2020. The Bank continues to apply it as a matter of account structure, and it continues to be disclosed here, because the account products were built around it in the core system and separating them has not been scheduled. The excess transaction charge has not been assessed on a consumer account since the 2020 change.
3 Calder Advantage Checking is coded ADV2 in the core system and on some statements produced before June 2021. It was marketed as Premier Blue Checking from 2014 until the product committee renamed it in March 2019. Accounts opened before the rename were not converted and carry the old product code; the terms are identical.
4 The 7 month certificate is a promotional term available for new money only. “New money” means funds not on deposit with the Bank in the 30 days before the account is opened. Renewal at maturity is into the 12 month term at the rate then offered, not into another 7 month term, and the maturity notice will say so.
Call (423) 555-0122 or write Calder Bank & Trust, N.A., 401 Market Street, Chattanooga, TN 37402. See also the Schedule of Fees and Service Charges and Your Ability to Withdraw Funds. Member FDIC.