ATLANTIC UNION BANK TRUTH-IN-SAVINGS DISCLOSURE · 2020-02-03 · ATLANTIC UNION BANK . TRUTH-IN-SAVINGS DISCLOSURE . Member FDIC . PO Box 940 . Ruther Glen VA 22546 . Last Revised:2/3/2020

ATLANTIC UNION BANK

TRUTH-IN-SAVINGS DISCLOSURE

Member FDIC

PO Box 940

Ruther Glen VA 22546

Last Revised:2/3/2020

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Please click on the account type you are opening to access the Truth in Savings Disclosure for that account. Then select the print button at top of your browser. A print box will appear. Select the pages option under the pages to print section and input in the box the page numbers for the Truth in Savings Disclosure for your selected account. Then select the print button to print your disclosure.

Table of Contents FREE CHECKING ACCOUNT 2

THANKU CHECKING ACCOUNT 3

LOYALTY CHECKING ACCOUNT 4

PREFERRED CHECKING ACCOUNT 5

PERSONAL SAVINGS ACCOUNT 7

LOYALTY SAVINGS ACCOUNT 8

MONEY MARKET ACCOUNT 9

MONEY MARKET PROMO ACCOUNT 10

LOYALTY MONEY MARKET ACCOUNT 12

LOYALTY MONEY MARKET PROMO ACCOUNT 13

3 MONTH- REGULAR CERTIFICATE OF DEPOSIT 15



2 YEAR - REGULAR CERTIFICATE OF DEPOSIT 21



5 YEAR – REGULAR CERTIFICATE OF DEPOSIT 27

1 YEAR - NO PENALTY CERTIFICATE OF DEPOSIT 29

7 MONTH-CERTIFICATE OF DEPOSIT SPECIAL 31

15 MONTH-CERTIFICATE OF DEPOSIT SPECIAL 33

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TRUTH-IN-SAVINGS DISCLOSURE Atlantic Union Bank

Member FDIC PO Box 940

Ruther Glen VA 22546

FREE CHECKING ACCOUNT

Minimum balance to open the account - You must deposit $25.00 to open this account.

Effect of closing an account - Accounts closed within 180 days of opening will incur a service fee of $25.00.

Additional Feature- This account may be eligible for Free ID Theft Resolution Services, offered through our partner CyberScout. To be eligible for this service you must have a qualified monthly direct deposit of $500.00 or more. A “qualified direct deposit” is a direct deposit of a paycheck, pension, Social Security or other eligible regular monthly income, electronically deposited by an employer or an outside agency into your new checking account. If you meet this eligibility requirement and believe you are the victim of ID Theft, please call us at 1-800-990-4828 to seek guidance from a fraud specialist.

This account also features check safekeeping. If you elect to have your check images returned with your statement, a monthly fee of $2.00 will be imposed every statement cycle.

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Atlantic Union Bank Member FDIC

PO Box 940 Ruther Glen VA 22546

THANKU CHECKING ACCOUNT (NOW Account)

Rate Information –

• Tier 1 - If your daily balance is $10,000.00 or more, the interest rate paid on the entire balance in your account will be 0.05 % with an annual percentage yield of 0.05 %.

• Tier 2 - If your daily balance is more than $2,499.99, but less than $10,000.00, the interest rate paid on the entire balance in your account will be 0.03 % with an annual percentage yield of 0.03 %.

• Tier 3 - If your daily balance is $2,499.99 or less, the interest rate paid on the entire balance in your account will be 0.03 % with an annual percentage yield of 0.03 %.

Your interest rate and annual percentage yield may change.

Frequency of rate changes - We may change the interest rate on your account at any time. Determination of rate - At our discretion, we may change the interest rate on your account. Compounding and crediting frequency - Interest will be compounded every month. Interest will be credited to your account every month. Effect of closing an account - If you close your account before interest is credited, you will not receive the accrued interest. Accounts closed within 180 days of opening will incur a service fee of $25.00. Minimum balance to open the account - You must deposit $25.00 to open this account. Daily balance computation method - We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Accrual of interest on noncash deposits - Interest begins to accrue on the business day you deposit noncash items (for example, checks). Account Eligibility - You must be active or retired Teachers/Administrators, Local, State and Federal law enforcement, First Responders, Fire Fighters or member of the US Armed Forces.

Additional Feature- This account qualifies for Free ID Theft Resolution Services, offered through our partner CyberScout. If you believe you are the victim of ID Theft, please call us at 1-800-990-4828 to seek guidance from a fraud specialist.

This account also features check safekeeping. There is no charge if you elect to have your check images returned with your statement.

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LOYALTY CHECKING ACCOUNT (NOW Account)

Rate Information -


• Tier 2 - If your daily balance is more than $2,499.99, but less than $10,000.00, the interest rate paid on the entire balance in your account will be 0.03% with an annual percentage yield of 0.03%.

• Tier 3 - If your daily balance is $2,499.99 or less, the interest rate paid on the entire balance in your account will be 0.03% with an annual percentage yield of 0.03 %.


Frequency of rate changes - We may change the interest rate on your account at any time.

Determination of rate - At our discretion, we may change the interest rate on your account.

Compounding and crediting frequency - Interest will be compounded every month. Interest will be credited to your account every month. Effect of closing an account - If you close your account before interest is credited, you will not receive the accrued interest. Accounts closed within 180 days of opening will incur a service fee of $25.00.


Minimum balance to avoid imposition of fees - A service fee of $10.00 will be imposed every statement cycle unless you maintain one of the following balance requirements:

• $2,500.00 balance each day of the cycle in your Loyalty Checking account OR

• $10,000 in combined balances in your “personal” deposit, installment loan and line of credit accounts. Business accounts are excluded.

Daily balance computation method - We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.

Accrual of interest on noncash deposits - Interest begins to accrue on the business day you deposit noncash items (for example, checks).

Additional Feature- This account qualifies for Free ID Theft Resolution Services, offered through our partner CyberScout. If you believe you are the victim of ID Theft, please call us at 1-800-990-4828 to seek guidance from a fraud specialist. This account also features check safekeeping. There is no charge if you elect to have your check images returned with your statement.

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PREFERRED CHECKING ACCOUNT (NOW Account)

Rate Information -

• Tier 1 - If your daily balance is $1,000,000.00 or more, the interest rate paid on the entire balance in your account will be 0.25 % with an annual percentage yield of 0.25 %.

• Tier 2 - If your daily balance is more than $499,999.99, but less than $1,000,000.00, the interest rate paid on the entire balance in

your account will be 0.20 % with an annual percentage yield of 0.20 %.

• Tier 3 - If your daily balance is more than $249,999.99, but less than $500,000.00, the interest rate paid on the entire balance in your account will be 0.15 % with an annual percentage yield of 0.15 %.

• Tier 4 - If your daily balance is more than $49,999.99, but less than $250,000.00, the interest rate paid on the entire balance in your

account will be 0.10 % with an annual percentage yield of 0.10 %.



Frequency of rate changes - We may change the interest rate on your account at any time. Determination of rate - At our discretion, we may change the interest rate on your account. Compounding and crediting frequency - Interest will be compounded every month. Interest will be credited to your account every month. Effect of closing an account - If you close your account before interest is credited, you will not receive the accrued interest. Accounts closed within 180 days of opening will incur a service fee of $25.00. Minimum balance to open the account - You must deposit $25.00 to open this account. Minimum balance to avoid imposition of fees - A service fee of $25.00 will be imposed every statement cycle unless you maintain one of the following balance requirements: $25,000.00 each day of the cycle in your Preferred Banking Checking account

OR $50,000 in combined balances in your “personal” checking, savings, CD/IRA, consumer loan, HELOC and Home Equity Loan accounts. Business accounts are excluded.

OR Medical Professionals Home Loan Program or maintain $250,000 in combined balances in your “personal” loans, deposits, and investment or trust balances with Middleburg Financial. Business accounts are excluded.

Daily balance computation method - We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Accrual of interest on noncash deposits - Interest begins to accrue on the business day you deposit noncash items (for example, checks).

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Additional Feature- This account qualifies for Free ID Theft Resolution Services, offered through our partner CyberScout. If you believe you are the victim of ID Theft, please call us at 1-800-990-4828 to seek guidance from a fraud specialist. This account also features check safekeeping. There is no charge if you elect to have your check images returned with your statement.

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PERSONAL SAVINGS ACCOUNT


The interest rate for your account is 0.03% with an annual percentage yield of 0.03%.




Compounding and crediting frequency - Interest will be compounded monthly. Interest will be credited to your account monthly.

Effect of closing an account - If you close your account before interest is credited, you will not receive the accrued interest. Accounts closed within 180 days of opening will incur a service fee of $25.00.


Minimum balance to avoid imposition of fees - A service fee of $5.00 will be imposed every month if the balance in the account falls below $300.00 any day of the month.



Transaction limitations:

Transfers from a Personal Savings account to another account or to third parties by preauthorized, automatic, computer, or telephone transfer are limited to six per statement cycle with no transfers by check, draft, debit card or similar order to third parties.

Fees: An activity fee of $3.00 will be charged for each withdrawal in excess of three during a month.

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LOYALTY SAVINGS ACCOUNT Rate Information: • Tier 1 - If your daily balance is $25,000.00 or more, the interest rate paid on the entire balance in your account will be

0.10 % with an annual percentage yield of 0.10 %. • Tier 2 -If your daily balance is more than $4,999.99, but less than $25,000.00, the interest rate paid on the entire

balance in your account will be 0.05 % with an annual percentage yield of 0.05 %.


Your interest rate and annual percentage yield may change. Frequency of rate changes - We may change the interest rate on your account at any time. Determination of rate - At our discretion, we may change the interest rate on your account. Compounding and crediting frequency - Interest will be compounded monthly. Interest will be credited to your account monthly. Effect of closing an account - If you close your account before interest is credited, you will not receive the accrued interest. Accounts closed within 180 days of opening will incur a service fee of $25.00. Minimum balance to open the account - You must deposit $25.00 to open this account. Minimum balance to avoid imposition of fees - A service fee of $5.00 will be imposed every month if the balance in the account falls below $300.00 any day of the month. Daily balance computation method - We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Accrual of interest on noncash deposits - Interest begins to accrue on the business day you deposit noncash items (for example, checks). Transaction limitations - Transfers from a Loyalty Savings account to another account or to third parties by preauthorized, automatic, computer, or telephone transfer are limited to six per statement cycle with no transfers by check, draft, debit card or similar order to third parties. Fees - An activity fee of $3.00 will be charged for each withdrawal in excess of three during a month. Account Eligibility - You must have an eligible Atlantic Union Bank personal checking account to qualify for this account. Eligible account types include any personal interest-bearing checking account or Free Checking with a qualifying direct deposit of $500.00 or more per statement cycle. A “qualifying direct deposit” is a direct deposit of a paycheck, pension, Social Security, or other eligible regular monthly income, electronically deposited by an employer or an outside agency into your checking account. If a qualifying checking account is not present, this account will automatically be converted to a Statement Savings Account.

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MONEY MARKET ACCOUNT (Money Market Savings Account)

Rate Information:


• Tier 2 - If your daily balance is more than $99,999.99, but less than $250,000.00, the interest rate paid on the entire

balance in your account will be 0.20 % with an annual percentage yield of 0.20 %.

• Tier 3 - If your daily balance is more than $24,999.99, but less than $100,000.00, the interest rate paid on the entire balance in your account will be 0.15 % with an annual percentage yield 0.15 %.

• Tier 4 - If your daily balance is $24,999.99 or less, the interest rate paid on the entire balance in your account will be —

0.05 % with an annual percentage yield of 0.05 %.




Compounding and crediting frequency - Interest will be compounded every month. Interest will be credited to your account every month.



Minimum balance to avoid imposition of fees - A service fee of $12.00 will be imposed every statement cycle if the balance in the account falls below $2,500.00 any day of the cycle.



Transaction limitations-Transfers from a Money Market account to another account or to third parties by preauthorized, automatic, telephone, or computer transfer or by check, draft, debit card, or similar order to third parties are limited to six per statement cycle.

Fees: An activity fee of $15.00 will be charged for each transaction in excess of the above limitations.

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MONEY MARKET PROMO ACCOUNT (Money Market Savings Account)


• Tier 1 - If your daily balance is $250,000.00 or more, the initial interest rate paid on the entire balance in your account will be 1.50 %. You will be paid this rate for the first 90 days from the date of account opening. After that time, the interest rate for your account will be 0.25 %. The annual percentage yield will be 0.55 %.

• Tier 2 - If your daily balance is more than $99,999.99, but less than $250,000.00, the initial interest rate paid on the

entire balance in your account will be 1.50 %. You will be paid this rate for the first 90 days from the date of account opening. After that time, the interest rate for your account will be 0.20 %. The annual percentage yield will be 0.52 %.

• Tier 3 - If your daily balance is more than $24,999.99, but less than $100,000.00, the initial interest rate paid on the


• Tier 4 - If your daily balance is $24,999.99 or less, the interest rate paid on the entire balance in your account will be

0.05 % with an annual percentage yield of 0.05 %.







Minimum balance to avoid imposition of fees - A service fee of $12.00 will be imposed every statement cycle if the balance in the account falls below $2,500.00 any day of the cycle.



Transaction limitations: Transfers from a Money Market account to another account or to third parties by preauthorized, automatic, telephone, or computer transfer or by check, draft, debit card, or similar order to third parties are limited to six per statement cycle.

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Fees: An activity fee of $15.00 will be charged for each transaction in excess of the above limitations.

Promotion Disclosure- To qualify for the promotional rate, you must deposit $25,000.00 or more of new money; new money refers to money coming from outside of Atlantic Union Bank—not existing Atlantic Union Bank deposits.

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LOYALTY MONEY MARKET ACCOUNT

(Money Market Savings Account)

Rate Information: Tier 1 - If your daily balance is $250,000.00 or more, the interest rate paid on the entire balance in your account will be 0.35 % with an annual percentage yield of 0.35 % Tier 2 - If your daily balance is more than $99,999.99 but less than $250,000.00, the interest rate paid on the entire balance in your account will be 0.30 % with an annual percentage yield of 0.30 %. Tier 3 -If your daily balance is more than $24,999.99, but less than $100,000.00, the interest rate paid on the entire balance in your account will be 0.20 % with an annual percentage yield of 0.20 %. Tier 4 - If your daily balance is $24,999.99 or less, the interest rate paid on the entire balance in your account will be 0.10 % with an annual percentage yield of 0.10 %. Your interest rate and annual percentage yield may change. Frequency of rate changes - We may change the interest rate on your account at any time. Determination of rate - At our discretion, we may change the interest rate on your account. Compounding and crediting frequency - Interest will be compounded every month. Interest will be credited to your account every month. Effect of closing an account - If you close your account before interest is credited, you will not receive the accrued interest. Accounts closed within 180 days of opening will incur a service fee of $25.00. Minimum balance to open the account - You must deposit $500.00 to open this account. Minimum balance to avoid imposition of fees -A service fee of $15.00 will be imposed every statement cycle unless you maintain a balance of $2,500.00 each day of the cycle in your Loyalty Money Market Account. Daily balance computation method - We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Accrual of interest on noncash deposits - Interest begins to accrue on the business day you deposit noncash items (for example, checks). Transaction limitations: Transfers from a Money Market account to another account or to third parties by preauthorized, automatic, telephone, or computer transfer or by check, draft, debit card, or similar order to third parties are limited to six per statement cycle. Fees: An activity fee of $15.00 will be charged for each transaction in excess of the above limitations. Account Eligibility - You must have an eligible Atlantic Union Bank personal checking account to qualify for this account. Eligible account types include any personal interest-bearing checking account or Free Checking with a qualifying direct deposit of $500.00 or more per statement cycle. A “qualifying direct deposit” is a direct deposit of a paycheck, pension, Social Security, or other eligible regular monthly income, electronically deposited by an employer or an outside agency into your checking account. If a qualifying checking account is not present, this account will automatically be converted to Atlantic Union Bank’s personal Money Market Savings Account.

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LOYALTY MONEY MARKET PROMO ACCOUNT

(Money Market Savings Account)


• Tier 1 - If your daily balance is $250,000.00 or more, the initial interest rate paid on the entire balance in your account will be 1.50 %. You will be paid this rate for the first 90 days from the date of account opening. After that time, the interest rate for your account will be 0.35 %. The annual percentage yield will be 0.63 %

• Tier 2 - If your daily balance is more than $99,999.99 but less than $250,000.00, the initial interest rate paid on the


• Tier 3 -If your daily balance is more than $24,999.99, but less than $100,000.00, the initial interest rate paid on the


• Tier 4 - If your daily balance is $24,999.99 or less, the interest rate paid on the entire balance in your account will be

0.10 % with an annual percentage yield of 0.10 %. Your interest rate and annual percentage yield may change. Frequency of rate changes - We may change the interest rate on your account at any time. Determination of rate - At our discretion, we may change the interest rate on your account. Compounding and crediting frequency - Interest will be compounded every month. Interest will be credited to your account every month. Effect of closing an account - If you close your account before interest is credited, you will not receive the accrued interest. Accounts closed within 180 days of opening will incur a service fee of $25.00. Minimum balance to open the account - You must deposit $500.00 to open this account. Minimum balance to avoid imposition of fees -A service fee of $15.00 will be imposed every statement cycle unless you maintain a balance of $2,500.00 each day of the cycle in your Loyalty Money Market Account. Daily balance computation method - We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Accrual of interest on noncash deposits - Interest begins to accrue on the business day you deposit noncash items (for example, checks). Transaction limitations: Transfers from a Money Market account to another account or to third parties by preauthorized, automatic, telephone, or computer transfer or by check, draft, debit card, or similar order to third parties are limited to six per statement cycle.

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Fees: An activity fee of $15.00 will be charged for each transaction in excess of the above limitations. Account Eligibility - You must have an eligible Atlantic Union Bank personal checking account to qualify for this account. Eligible account types include any personal interest-bearing checking account or Free Checking with a qualifying direct deposit of $500.00 or more per statement cycle. A “qualifying direct deposit” is a direct deposit of a paycheck, pension, Social Security, or other eligible regular monthly income, electronically deposited by an employer or an outside agency into your checking account. Promotion Disclosure- To qualify for the promotional rate, you must deposit $25,000.00 or more of new money; new money refers to money coming from outside of Atlantic Union Bank—not existing Atlantic Union Bank deposits.

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3 MONTH- REGULAR CERTIFICATE OF DEPOSIT

Rate Information - The interest rate on your account is 0.15% with an annual percentage yield of 0.15%. You will be paid this rate until first maturity.


Effect of closing an account - If a depositor closes an account after accruing interest, but before crediting, the depositor will not forfeit that interest.

Minimum balance to open the account - You must deposit $1,000.00 to open this account.




You may not make any deposits into your account before maturity.

You may make withdrawals of principal from your account before maturity only if we agree at the time you request the withdrawal.

You can only withdraw interest credited in the term before maturity of that term without penalty. You can withdraw interest any time during the term of crediting after it is credited to your account.

Time requirements - Your account will mature in 3 months.

Early withdrawal penalties (a penalty may be imposed for withdrawals before maturity) -

• If your account has an original maturity of one year or less:

The fee we may impose will equal three months interest on the amount withdrawn subject to penalty.

• If your account has an original maturity of more than one year:

The fee we may impose will equal six months interest on the amount withdrawn subject to penalty.

In certain circumstances such as the death or incompetence of an owner of this account, the law permits, or in some cases requires, the waiver of the early withdrawal penalty. Other exceptions may also apply, for example, if this is part of an IRA or other tax-deferred savings plan.

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For any time deposit which earns an interest rate that may vary from time to time during the term, the interest rate we will use to calculate this early withdrawal penalty will be the interest rate in effect at the time of the withdrawal.

Withdrawal of interest prior to maturity - The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.

Automatically renewable time account - This account will automatically renew at maturity. You may prevent renewal if you withdraw the funds in the account at maturity (or within any grace period mentioned below) or we receive written notice from you within any grace period mentioned below. We can prevent renewal if we mail notice to you at least 30 calendar days before maturity. If either you or we prevent renewal, interest will not accrue after final maturity.

Each renewal term will be the same as the original term, beginning on the maturity date. The interest rate will be the same we offer on new time deposits on the maturity date which have the same term, minimum balance (if any) and other features as the original time deposit.

You will have ten calendar days after maturity to withdraw the funds without a penalty.

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6 MONTH - REGULAR CERTIFICATE OF DEPOSIT


















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12 MONTH - REGULAR CERTIFICATE OF DEPOSIT


















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2 YEAR - REGULAR CERTIFICATE OF DEPOSIT


















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1 YEAR - NO PENALTY CERTIFICATE OF DEPOSIT


Penalty Free Option Plan - A one-time withdrawal of up to 100 percent of the account balance is permitted after the first seven days of the certificate's term.








You may make one withdrawal of principal without penalty during the one year term. You can withdraw interest any time during the term of crediting after the first seven days of the certificate's term. Time requirements - Your account will mature in 12 months.







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Each renewal term will be the same as the original term, beginning on the maturity date. The interest rate will be the same we offer on new time deposits on the maturity date which have the same term, minimum balance (if any) and other features as the original time deposit. You will have ten calendar days after maturity to withdraw the funds without a penalty.

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7 MONTH-CERTIFICATE OF DEPOSIT SPECIALS

Rate Information - The interest rate on your account is 1.64 % with an annual percentage yield of 1.65 %. You will be paid this rate until first maturity. Compounding and crediting frequency - Interest will be compounded every month. Interest will be credited to your account every month.

Effect of closing an account - If a depositor closes an account after accruing interest, but before crediting, the depositor will not forfeit that interest. Minimum balance to open the account - You must deposit $5,000.00 to open this account. Daily balance computation method - We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Accrual of interest on noncash deposits - Interest begins to accrue on the business day you deposit noncash items (for example, checks). Transaction limitations: You may not make any deposits into your account before maturity. You may make withdrawals of principal from your account before maturity only if we agree at the time you request the withdrawal. You can only withdraw interest credited in the term before maturity of that term without penalty. You can withdraw interest any time during the term of crediting after it is credited to your account. Time requirements - Your account will mature in 7 months. Early withdrawal penalties (a penalty may be imposed for withdrawals before maturity) -

• If your account has an original maturity of one year or less: The fee we may impose will equal three months interest on the amount withdrawn subject to penalty. • If your account has an original maturity of more than one year: The fee we may impose will equal six months interest on the amount withdrawn subject to penalty.

In certain circumstances such as the death or incompetence of an owner of this account, the law permits, or in some cases requires, the waiver of the early withdrawal penalty. Other exceptions may also apply, for example, if this is part of an IRA or other tax-deferred savings plan. For any time deposit which earns an interest rate that may vary from time to time during the term, the interest rate we will use to calculate this early withdrawal penalty will be the interest rate in effect at the time of the withdrawal. Withdrawal of interest prior to maturity - The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.

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Automatically renewable time account - This account will automatically renew at maturity. You may prevent renewal if you withdraw the funds in the account at maturity (or within any grace period mentioned below) or we receive written notice from you within any grace period mentioned below. We can prevent renewal if we mail notice to you at least 30 calendar days before maturity. If either you or we prevent renewal, interest will not accrue after final maturity. This account will automatically renew as a 6 Month CD. The interest rate, term, minimum balance (if any) and other features will be the same we offer on a 6 Month CD on the maturity date. You will have ten calendar days after maturity to withdraw the funds without a penalty.

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15 MONTH-CERTIFICATE OF DEPOSIT SPECIALS

Rate Information - The interest rate on your account is 1.64 % with an annual percentage yield of 1.65 %. You will be paid this rate until first maturity. Compounding and crediting frequency - Interest will be compounded every month. Interest will be credited to your account every month.

Effect of closing an account - If a depositor closes an account after accruing interest, but before crediting, the depositor will not forfeit that interest. Minimum balance to open the account - You must deposit $5,000.00 to open this account. Daily balance computation method - We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Accrual of interest on noncash deposits - Interest begins to accrue on the business day you deposit noncash items (for example, checks). Transaction limitations: You may not make any deposits into your account before maturity. You may make withdrawals of principal from your account before maturity only if we agree at the time you request the withdrawal. You can only withdraw interest credited in the term before maturity of that term without penalty. You can withdraw interest any time during the term of crediting after it is credited to your account. Time requirements - Your account will mature in 15 months. Early withdrawal penalties (a penalty may be imposed for withdrawals before maturity) -

• If your account has an original maturity of one year or less: The fee we may impose will equal three months interest on the amount withdrawn subject to penalty. • If your account has an original maturity of more than one year: The fee we may impose will equal six months interest on the amount withdrawn subject to penalty.

In certain circumstances such as the death or incompetence of an owner of this account, the law permits, or in some cases requires, the waiver of the early withdrawal penalty. Other exceptions may also apply, for example, if this is part of an IRA or other tax-deferred savings plan. For any time deposit which earns an interest rate that may vary from time to time during the term, the interest rate we will use to calculate this early withdrawal penalty will be the interest rate in effect at the time of the withdrawal. Withdrawal of interest prior to maturity - The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.

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Automatically renewable time account - This account will automatically renew at maturity. You may prevent renewal if you withdraw the funds in the account at maturity (or within any grace period mentioned below) or we receive written notice from you within any grace period mentioned below. We can prevent renewal if we mail notice to you at least 30 calendar days before maturity. If either you or we prevent renewal, interest will not accrue after final maturity. This account will automatically renew as a 12 Month CD. The interest rate, term, minimum balance (if any) and other features will be the same we offer on a 12 Month CD on the maturity date. You will have ten calendar days after maturity to withdraw the funds without a penalty.

Documents

ATLANTIC UNION BANK TRUTH-IN-SAVINGS DISCLOSURE · 2020-02-03 · ATLANTIC UNION BANK . TRUTH-IN-SAVINGS DISCLOSURE . Member FDIC . PO Box 940 . Ruther Glen VA 22546 . Last Revised:2/3/2020