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Business Banking at it's Best. The Lake Bank.

 

Business Savings
  • No minimum balance
  • Service charge of $1.00 per statement cycle if average balance falls below $100
  • Tiered interest rates - variable rates reviewed weekly
 

Business Money Market Savings
- Minimum balance earns a higher rate of interest

  • $1000 minimum balance
  • $5 monthly service charge if average balance fall below $1000
  • Tiered interest rates – variable rates reviewed weekly

Business Investment Savings
- High interest savings

  • $5000 minimum balance
  • $10 monthly service charge if average balance falls below $5000
  • Tiered interest rates – variable rates reviewed weekly

Business Plus Savings
- Highest interest rate for Business Plus Accountholders
  • Requires Business Plus Checking account relationship
  • $10,000 minimum balance
  • No monthly service charge
  • Variable interest rate reviewed weekly

 

 

 

 

 

 
  
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.

THE LAKE BANK
Main Office
613 First Avenue
Two Harbors, Minnesota 55616
Phone: (218) 834-2111
Fax: (218) 834-4753		 Equal Housing Lender
©2005 The Lake Bank. All Rights Reserved. 		THE LAKE BANK
Silver Bay Branch
 88 Outer Drive
Silver Bay, Minnesota 55614
Phone: (218) 226-4959
Fax: (218) 226-4962