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CONSUMER ANNUAL PERCENTAGE YIELDS (APY)


Effective dates for the APYs listed are 3/9/10 to 3/15/10

Amount
Invested
Amount
Invested

 

INVESTMENT CERTIFICATES
100 to
4,999
Fixed IRA's &
5,000 and up

Special Offers

 
6 Mo. CD
.75
1.25

 
12 mo. CD
.80
1.30

 
18 mo. CD
1.00
1.50

 
24 mo. CD
1.50
2.00

 
 
36 mo. CD (Step-Up CD: You may increase the APY of your CD one time during the original term to the APY currently offered for the same CD term without penalty. Penalty would apply for early withdrawl.
1.75
2.25

 
 
 
48 mo. CD
2.00
2.50

 
 

60 mo. CD
2.10
2.60

 
 

CDs and IRAs: $100 minimum to open CD or IRA accounts. An interest penalty is required for early withdrawal. Maturities of 12 months or less - 90 day interest penalty. Maturities of greater than 12 months - 180 day interest penalty. Fees may reduce earnings. APYs are accurate for the dates stated above. The APY on a variable IRA may change after account is opened.

Checking and savings account APYs are variable, may change after the account is opened, are subject to change daily, and are accurate for the dates stated above.  Fees may reduce earnings on these accounts.






SAVINGS ACCOUNTS
0 to
9,999
10,000
and up



Regular *Look at this great APY!
2.00
2.00




0 to
999
1,000 to
9,999
10,000 -
49,999
50,000
and up

Money Market
0.10
0.20
0.25
0.50







CHECKING ACCOUNTS
0 to
999
1,000
and up



Loyalty
0.10
0.25




0 to
499
500 -
9,999
10,000 -
49,999

50,000 -
99,999

100,000 and up

Money Market

0.00
*$5 monthly service charge if average balances falls below $500
0.10
0.20
0.25
0.50

0 to
2,999
3,000 -
9,999
10,000
and up


Investment Checking

0.25
2.00
2.02








IRA's
Fixed APY $100 minimum, choose from 6 months to 60 months certificate APYs above. $5,000 & up APYs apply to all IRA certificates regardless of amount.
Variable APY 24 month maturity, APY set weekly, THIS WEEK'S CURRENT APY: 2.00






HIGHER LEARNING FUND -
APY CHANGES THE FIRST OF EACH QUARTER
0.57






US EE SAVINGS BONDS:
Fixed Rate - New rates every May 1 and November 1
CURRENT FIXED RATE 1.20
US I BONDS:
FIXED RATE
SEMI-ANNUAL INFLATION RATE
TOTAL EARNINGS RATE

0.30
1.53
3.36

CANADIAN EXCHANGE:
BUY
SELL
80%
80%






FDIC INSURED


 

 


 
  
FDIC deposit insurance temporarily increased from $100,000 to $250,000 per depositor through December 31, 2013. The Lake Bank is also participating in the FDIC's Transaction Account Guarantee Program. Under that program, through June 30, 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