Personal Banking at its best. The Lake Bank.

Personal Savings Accounts

Regular Savings
- The best savings rate we can possibly offer is on our regular savings account.

No minimum balance
Service charge of $1.00 per statement cycle if average balance
falls below $50 (service charge is waived for accounts owned by minors under age 18)
Tiered interest rates- variable rates reviewed weekly

Special Savings Plans

Soaring Eagles Club
- Kids savings club for children under age 12

No minimum balance money market savings account
Tiered interest rates-variable rates reviewed weekly
Teaches children how to save
Earn valuable rewards for reaching savings goals
Fun newsletter and annual membership outing

Higher Learning Fund
- Higher education savings

Parents or grandparents can help save for future educational expenses
No minimum deposit required
No monthly service charge
High interest rate indexed to the 90 Day Treasury Rate – varies quarterly
Withdrawals may not be made until the child reaches age 18
Child does not need to attend college to receive the balance
There will be a 12 month penalty assessed on withdrawals prior to maturity

Savings Certificates

Tiered rates – reviewed weekly
Six – 60-month terms
$100 minimum balance
Penalty for early withdrawal may apply

CDARS

IRA Accounts

Traditional, ROTH, SEP and Coverdell Education savings accounts
Fixed interest rates reviewed weekly
Six – 60-month terms
$100 minimum to open

EZ IRA Accounts

No minimum balance to open
Variable rate of interest reviewed weekly
24-month term
Additional deposits allowed at any time

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.