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Higher Balances. Higher Earnings.

Unlock better rates as your balance grows while keeping your money within reach.

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Home » Consumer Banking » Consumer Money Market

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Smart ways to save

Maximize your earnings with tiered rates.

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Simple account management

Check balances, move money, and stay in control with Online and Mobile Banking.

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Digital convenience

Enjoy mobile-friendly access and paperless eStatements whenever you need them.

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Local support you can trust

Talk to real people who are always happy to help.

Higher Balances Unlock Higher Rates

Money Market Account

Earn competitive, tiered interest rates while maintaining convenient access to your funds. A Money Market Account from First Bank of the Lake is designed to reward you as your balance grows so you can make the most of your savings.
$1,000 minimum opening deposit
Competitive rates for balances below $24,999.99
Higher rates for balances of $25,000 or more
Maintain a $1,000 minimum balance to avoid the $10 monthly fee
FREE Online Banking
FREE Mobile Banking
FREE eStatements

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Grow Your Savings with a Money Market Account

Watch your savings build momentum with rates that increase as your balance grows.

Rates effective as of May 13, 2026

Term	APY*	Minimum Opening Deposit
$250,000 and Above	3.25%	$1,000
$100,000 to $249,999.99	2.25%	$1,000
$50,000 to $99,999.99	1.00%	$1,000
$25,000 to $49,999.99	0.50%	$1,000
Up to $24,999.99	0.25%	$1,000

* Annual Percentage Yield (APY) is accurate as of today’s date and may change at any time after the account is opened. Fees may reduce earnings on these accounts. Additional conditions and requirements may apply. See bank for details.

Savings Calculator

See how your savings can grow

Savings Calculator

Savings Estimate

Principal + Interest $0.00

Interest Earned for Full Term $0

Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

The frequency of compounding (daily, monthly, yearly, etc.) affects how quickly your savings grows, and the more frequent the compounding, the more interest you will earn.

How to Get Started

Connect With Our Team

Book an appointment or contact our team to get started. We’ll walk you through your options to help you get started.

Visit Our Branch

Open your account in person. Bring a valid ID and your funding method, and we’ll take care of the rest.

Fund & start saving

Make your opening deposit, set up transfers, and begin building your savings right away.

Why Choose a Money Market Account?

A Money Market Account offers a smart balance between earning potential and accessibility. It is a great option if you want your savings to grow faster than a traditional savings account while keeping your funds within reach.

With tiered interest rates, your account works harder as your balance increases. At the same time, you maintain the flexibility to access your money when you need it, making it ideal for both short-term goals and long-term savings.

Whether you are building an emergency fund, saving for a large purchase, or simply looking for a better way to grow your savings, a Money Market Account provides the confidence and earning power to help you move forward.

Frequently Asked Questions

1. What is the minimum opening deposit?

You will need an initial deposit of $1,000 to open this account.

2. How do tiered rates work?

Your balance places you in a specific rate tier, with higher tiers earning higher interest.

3. Is there a monthly fee?

A $10 monthly fee applies only if your balance falls below the $1,000 minimum.

4. How do I access my account?

You can access your account anytime through our free Online Banking and Mobile Banking services.

5. Are my deposits insured?

Yes. First Bank of the Lake is a Member FDIC institution, so your eligible deposits are protected. Learn more about FDIC coverage here.

Start saving with confidence

You don’t have to navigate your financial goals alone. Our team is ready to help you choose the right solutions and build a savings strategy that works for you.

Ready to get started?

Opening a Money Market Account is simple. Book an appointment or contact us to get started. One of our team members will walk you through the details, explain how the tiered rate structure works, and make sure you are set up with Online and Mobile Banking so you can begin managing your account right away.

Book an Appointment

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