Disclosures

¹11-Month CD. Annual Percentage Yield (APY) of 4.25% is accurate as of 12/28/2022, and will be paid on funds held in the 11-month CD. Promotional rate is subject to certain terms and conditions. Client must deposit at least $500 to open the account. You must maintain a $500 minimum balance on a daily basis to earn the APY disclosed. The APY assumes interest remains on deposit until maturity. In the event of withdrawal before stated maturity, an early withdrawal penalty will be imposed. A withdrawal will reduce earnings. This offer can be revoked by Webster Bank at any time.

²CASH BONUS DETAILS
You can only enroll by visiting a Webster banking center. Enrollment does not occur until you have made the new money minimum deposit for the tier you select. You may choose only one bonus tier and are eligible for only one bonus payment.

Qualifications to earn up to $300 bonus: Deposit between $50,000 and $249,999 from a source outside of Webster Bank (“new money minimum”) into a new or existing Private Banking Checking* account and have qualifying direct deposits totaling $1,000 or more made to this account during the statement cycle and maintain ≥ $50,000 in average daily balances during the statement cycle. Each statement cycle that you satisfy these conditions, you will receive a payout amount of $150 with a maximum payout of $300.

Qualifications to earn up to $500 bonus: Deposit between $250,000 and $499,999 from a source outside of Webster Bank (“new money minimum”) into a new or existing Private Banking Checking* account and have qualifying direct deposits totaling $1,000 or more made to this account during the statement cycle and maintain ≥ $250,000 in average daily balances during the statement cycle. Each statement cycle that you satisfy these conditions, you will receive a payout amount of $250 with a maximum payout of $500.

Qualifications to earn up to $1,000 bonus: Deposit between $500,000 and $999,999 from a source outside of Webster Bank (“new money minimum”) into a new or existing Private Banking Checking* account and have qualifying direct deposits totaling $1,000 or more made to this account during the statement cycle and maintain ≥ $500,000 in average daily balances during the statement cycle. Each statement cycle that you satisfy these conditions, you will receive a payout amount of $500 with a maximum of $1,000.

Qualifications to earn up to $2,000 bonus: Deposit between $1,000,000 and $1,999,999 from a source outside of Webster Bank (“new money minimum”) into a new or existing Private Banking Checking* account and have qualifying direct deposits totaling 4 $1,000 or more made to this account during the statement cycle and maintain ≥ $1,000,000 in average daily balances during the statement cycle. Each statement cycle that you satisfy these conditions, you will receive a payout amount of $1,000 with a maximum of $2,000.

Qualifications to earn up to $4,000 bonus: Deposit greater than $2,000,000 from a source outside of Webster Bank (“new money minimum”) into a new or existing Private Banking Checking* account and have qualifying direct deposits totaling $1,000 or more made to this account during the statement cycle and maintain ≥ $2,000,000 in average daily balances during the statement cycle. Each statement cycle that you satisfy these conditions, you will receive a payout amount of $2,000 with a maximum of $4,000.

Once you deposit the new money minimum related to the tier you have selected, you are locked into that tier, and if the average daily balance falls below the amount required for that tier for the statement cycle, you will not receive a cash bonus payment.

You will not be enrolled until you have deposited the new money minimum for the applicable tier, as confirmed by Webster Bank. This offer is valid for up to the first three statement cycles after you have been enrolled. If the promotional qualifications are met, as confirmed by Webster, the cash bonus payment will be paid on the last day of the evaluated statement cycle. Your account must be open at the time the bonus is credited. Prior to account opening or increase in balance to your existing account, this offer can be revoked at any time. You must be enrolled before this offer ends on March 31, 2023. If you participated in a previous Cash Back Bonus offer from August 7, 2021 through October 14, 2022 you can only participate in this offer at a different bonus tier. Cash bonus will be reported as income on IRS Form 1099-INT. Offer is available on one (1) Private Banking Checking account per client and cannot be combined with other offers. A “Qualifying Direct Deposit” is an Automated Clearing House (ACH) credit from your employer or the government for your paycheck, pension or governmental benefits (such as Social Security). It does not include transfers from one account to another or person to person payments made through services such as Zelle, Venmo, PayPal, Cash App and Google Pay.

³Private Banking Power Money Market Account. Annual Percentage Yield (APY) of 3.25% is accurate as of 12/28/2022. The account must be opened with a minimum opening balance of $150,000; at least $25,000 of this minimum opening balance must be from a source outside of Webster Bank. Must maintain a minimum balance of $500,000 to earn the APY of 3.25%, balances between $150,000 and $499,999 will earn an APY of 2.75%, balances between $50,000 and $149,999 will earn an APY of 0.02%, and balances below $50,000 will not earn interest. You must have a Private Banking Checking* account to be eligible for this Money Market account. This is a variable rate account. The interest rate and APY may change after the account is opened. Fees may reduce earnings. Offer can be revoked by Webster Bank at any time. 

^*Private Banking Checking. Minimum opening deposit of $25 is required. You can avoid the $30 monthly maintenance fee by keeping $25,000 in checking or $50,000 combined deposit balances, including CD's, OR $100,000 in investment balances (Please note: it can take 14 days for balances of new or previously unlinked LPL accounts to be included). Private Banking Checking earns interest and is a tiered rate product. The APY (Annual Percentage Yield) for Private Banking Checking as of 12/28/2022 on balances between $0 and $49,999 is 0.01%, balances between $50,000 - $99,000 is 0.01%, balances between $100,000 - $249,000 is 0.01%, balances between $250,000 - $499,999 is 0.01%, balances $500,000 or greater is 0.01%. The APY is subject to change at any time. Fees may reduce earnings.