Business Banking

All Lake Bank business accounts include the following features:

Free internet banking
24-hour depository
VISA credit cards (upon approval)
Bill Pay*
ACH origination*
Cash management services*

*Fees may apply

Business Checking
- Free checking for small businesses

No minimum balance
No monthly service charge
Charge per check paid – free
Charge per deposit – free
Charge per deposit Item- 50 items per day free, .10¢ each additional item
Returned deposit Item - $4.00

Business Plus Checking
- Additional benefits for large businesses

No minimum balance
Monthly service charge - $15.00
(charges reduced by earnings credit or interest option)
Charge per check paid - .15¢
Charge per deposit - .25¢
Charge per deposit item - .08¢
Returned deposit item - $4.00

Choose one of these account benefits to maximize your account earnings: See our rate sheet for current interest rates.

Earnings Credit

The earnings credit may be applied to your account each month based upon your average collected balance for the month. The earnings credit rate is a high variable rate reviewed monthly.

Interest

Interest may be applied to your account each month based upon your average daily collected balance. Tiered interest rates are variable and reviewed weekly.

Cash Management and ACH Origination Services

Big or small, we can help your business with our management services. Customized programs allow you to do your own ACH transactions for monthly customer billing or for direct payroll deposits for your employees.

FDIC deposit insurance set permanently at $250,000 per depositor. The Lake Bank is also participating in the FDIC's Transaction Account Guarantee Program. Under that program, through December 31, 2010, all noninterest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC's general deposit insurance rules. Investment Checking accounts earn a rate higher than allowed under this program, therefore, are not guaranteed above normal FDIC insurance limits.