Neither Sandy Spring Bank, Sandy Spring Private Client Group nor Sandy Spring Trust act as a substitute for the legal and tax advisors your, your family, or business will need. Our staff will work closely with your advisers to coordinate your overall plan.
1Private Banking checking requires a minimum opening deposit of $50. There is no monthly maintenance fee. If your Private Banking relationship ends, the account will be converted to a Premier Banking checking account. Account includes free standard check orders or $25 discount on other types. This is a variable rate account. The rates may change at any time without notice.
2Advance Banking™ requires a minimum opening deposit of $50. There is a $50 monthly maintenance fee, which is waived in any monthly evaluation period during which you meet the following criteria:
Maintain a $2,500 average monthly balance in the account; and
Establish or maintain direct deposit into the account of at least $250 per monthly evaluation period.
The monthly evaluation period means the date that is three (3) business days prior to the beginning of a statement cycle to the date that is three (3) business days prior to the ending of a statement cycle.
Notwithstanding the foregoing, we will not charge a monthly fee during the first monthly evaluation period after account opening.
This is a variable rate account and the rate may change at any time without notice, except as otherwise set forth herein.
3Premier Banking has a $14 monthly maintenance fee. This fee is waived in any monthly evaluation period you maintain a $15,000 combined average balance in Premier Banking, companion personal deposit products (checking, savings, money market and certificates of deposit, including IRAs) and outstanding personal installment loans or lines or credit (auto, boat, RV, personal and home equity installment loans (does not include mortgages) home equity line of credit and secured and unsecured lines of credit) or maintain a Commercial Checking account with Sandy Spring Bank. The companion deposit accounts used to meet the minimum requirements are subject to all of the terms and conditions for those types of accounts. To qualify as a companion account, all signers on the companion account must be the signers on the Premier Banking account.
The monthly evaluation period is defined as the time period 3 business days prior to the beginning of the statement cycle to 3 business days prior to the ending of the statement cycle.
4This is a variable-rate account. The rate may change at any time without notice after the account is opened. The minimum opening deposit is $25 in funds not already on deposit with Sandy Spring Bank. The maximum opening deposit is $10,000,000. Fees may reduce earnings.
5By law, banks are permitted to limit certain types of withdrawals and transfers from your savings and money market accounts and charge an excess activity fee when you exceed such limits. The limitations apply to withdrawals by check, draft, debit card purchase or similar order (if available on the account), or telephone, or automatic or pre-authorized transfers to another of your accounts with us or to a third party. The limitations also apply to transfers made by Telephone Banking, Online Banking, or Mobile Banking and transfers from your savings or money market account to cover overdrafts. Due to federal regulation changes, we are currently not applying these limits or charging an excess activity fee.
6This is a variable-rate account, and the rate may change any time without notice, except as otherwise set forth herein. At the end of the 6-month period, the APY will be based upon your account balance. Minimum opening deposit is $10,000.00 in funds not already on deposit with Sandy Spring Bank. Maximum opening deposit is $10,000,000. Fees may reduce earnings. Premier Money Market Savings is available to clients who open and maintain a Premier or Private Banking checking account.
7Loans collateralized by securities involve a higher degree of risk and may not be suitable for all investors. This credit line requires an account with Sandy Spring Trust or West Financial, which are part of Sandy Spring Bank. Sufficient eligible collateral is required to support the request, and all securities are subject to credit approval. Securities and investment products are not FDIC insured, have no Bank guarantee, may lose value, are not insured by any Federal Government Agency and are not a Bank deposit. All credit solutions should be discussed with your Sandy Spring Private Banker and your wealth, tax or legal advisor to help you understand the risks and opportunities of using credit strategies to reach your financial planning goals. Private Client Group products and services are available for consumers meeting income and asset eligibility requirements. Please inquire for more information.
For other fees applicable to your account, please view our Personal Fee Schedule. For additional terms and conditions, please view our Personal Deposit Account and Electronic Banking Agreement, Product Sheet, and our Rate Sheet.
View our Fair Lending Policy statement. »
Sandy Spring Trust and Sandy Spring Private Client Group are divisions of Sandy Spring Bank, Member FDIC.
