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Truth in Savings

This disclosure describes the interest payable and fees charged on Consumer Deposit Accounts opened at The Bancorp Bank, also known as the "Bank".

Definitions
Annual Percentage Yield (APY): The interest we will pay you using the interest rate and frequency of compounding for your account, assuming your funds remain on deposit for 365 calendar days.

Daily Periodic Rate: The interest rate divided by 365 days (366 days in a leap year).

Daily Balance Method: For interest bearing accounts the balance in your account on which we calculate interest. Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).

Limitations
No minimum balance is required to open this account.

Rate Information
Your interest rate and Annual Percentage Yield are based on the daily balance in your account. Our current interest rate and Annual Percentage Yield for this account are included in the Interest Rate Schedule. At our discretion and at any time, we may change the interest rate and Annual Percentage Yield on your account. Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks). Interest will be compounded daily and will be credited to the account monthly.

Balance Information
We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day.

Account Fees
There are no minimum balance fees on this account. There may be a fee for other services associated with this account. For a list of fees refer to the Schedule of Fees.

Account Closing
If you wish to close your Deposit account with the Bank you agree to notify us of this intention in writing. After a Deposit Account is closed, we have no obligation to accept deposits or pay outstanding items, but may do so at our discretion. You agree to hold us harmless for refusing to honor any check, paper draft, or other item on a closed account. A bank check will be sent to the address on file within 7 business days of your final transaction. All related closing fees will be deducted from the final balance.

SEI Cash Access
409 Silverside Road, Suite 105
Wilmington, DE 19809
Attn: Customer Service
Fax: 302.791.5792

Upon notification by SEI Private Trust Company ("SPTC") that your accounts at SPTC have been closed, Bancorp will close your SEI Cash Access account.

If account is closed before interest is credited, you will receive the accrued interest.

SEI Cash Access Checking Account Interest Rates: Fees may reduce earnings.

Checking Interest Rate Annual Percentage Yield
SEI Cash Access 0.35% 0.35%
Rates effective 12/16/2018. Rates subject to change.  

 **Interest is currently paid on personal, trust, and nonprofit business accounts