Rates
Some of the Best Rates at the Lake!
Rates effective as of 10/01/2021
Find interest rates for our CDs, Savings Accounts, Money Market Accounts and our interest-bearing Checking Accounts.
We offer competitive rates and friendly First Bank of the Lake service.
CD & IRA Specials
| TERM | FIXED INTEREST RATE | APY* | MINIMUM OPENING DEPOSIT |
|---|---|---|---|
|
6 Month CD*
|
1.25% | 1.25% | $5,000 |
| 9 Month CD* | 1.50% | 1.50% | $5,000 |
| 15 Month CD* | 2.33% | 2.35% | $5,000 |
| 26 Month CD* | 2.97% | 3.00% | $5,000 |
| 30 Month Bump-up CD** | 3.06% | 3.10% | $5,000 |
| 33 Month CD* | 3.11% | 3.15% | $5,000 |
| 42 Month CD* | 3.21% | 3.25% | $5,000 |
*Annual Percentage Yield (APY) represents the interest earned through maturity date. APY is accurate as of date of publication. Rates subject to change without notice at any time. Early withdrawal may be subject to penalties which could reduce earnings on these accounts. No institutional funds. No IRA accounts are opened for a period of less than 12 months.
3 and 6 month CDs interest compounds at maturity. 9 to 60 month CDs interest compounds quarterly. Other restrictions may apply. Call bank for details.
3 and 6 month CDs interest compounds at maturity. 9 to 60 month CDs interest compounds quarterly. Other restrictions may apply. Call bank for details.
**30 Month Bump-up CD: Annual Percentage Yield (APY) represents interest earned through maturity date. APY is accurate as of date of publication and may change without notice at any time after the account is opened. Early withdrawals may be subject to penalties which could reduce earnings on these accounts. A one-time rate adjustment is permitted any time during the original term. When exercising the bump-up option, the term must be the same as the term of your original CD. Bump-up CDs will renew into CDs not permitting a bump-up of the interest rate.
Standard CDs & IRAs
| TERM | FIXED INTEREST RATE | APY* | MINIMUM OPENING DEPOSIT |
|---|---|---|---|
| 3 Month CD | 0.20% | 0.20% | $5,000 |
| 12 Month CD | 1.65% | 1.65% | $5,000 |
| 18 Month CD | 2.23% | 2.25% | $5,000 |
|
24 Month CD
|
2.48% | 2.50% | $5,000 |
| 30 Month CD | 2.57% | 2.60% | $5,000 |
| 36 Month CD | 2.62% | 2.65% | $5,000 |
| 48 Month CD | 2.67% | 2.70% | $5,000 |
| 60 Month CD | 2.72% | 2.75% | $5,000 |
*Annual Percentage Yield (APY) represents the interest earned through maturity date. APY is accurate as of date of publication. Rates subject to change without notice at any time. Early withdrawal may be subject to penalties which could reduce earnings on these accounts. No institutional funds. No IRA accounts are opened for a period of less than 12 months.
3 and 6 month CDs interest compounds at maturity. 9 to 60 month CDs interest compounds quarterly. Other restrictions may apply. Call bank for details.
3 and 6 month CDs interest compounds at maturity. 9 to 60 month CDs interest compounds quarterly. Other restrictions may apply. Call bank for details.
Money Market Accounts
| TERM | VARIABLE INTEREST RATE | APY* | MINIMUM OPENING DEPOSIT |
|---|---|---|---|
| $250,000 and Above | 1.70% | 1.71% | $500 |
| $100,000 to $249,999.99 | 1.40% | 1.41% | $500 |
| $50,000 to $99,999.99 | 0.54% | 0.55% | $500 |
| $25,000 to $49,999.99 | 0.45% | 0.45% | $500 |
| Up to $24,999.99 | 0.35% | 0.35% | $500 |
*Annual Percentage Yield (APY) is accurate as of date of publication 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.
$10.00 service charge if balance falls below $1,000. Maintenance and activity fees could reduce balance below minimum required to earn interest. Daily interest not paid when balance falls below $1,000. Interest on collected balances paid monthly. Only 6 third-party preauthorized debits allowed per statement cycle. $10 charge for each item over 6.
$10.00 service charge if balance falls below $1,000. Maintenance and activity fees could reduce balance below minimum required to earn interest. Daily interest not paid when balance falls below $1,000. Interest on collected balances paid monthly. Only 6 third-party preauthorized debits allowed per statement cycle. $10 charge for each item over 6.
Kasasa Cash Checking
| INTEREST RATE TIERS | VARIABLE INTEREST RATE | APY* | MINIMUM OPENING DEPOSIT |
|---|---|---|---|
| Balances Up to $9, 999.99 | 1.98% | 2.00% | $25 |
| Balances $10,000 and Above | 1.98% to 0.41% (depending on balance in account) | 2.00% to 0.41% (depending on balance in account) | $25 |
| Base Rate if qualifications are not met | 0.05% | 0.05% | $25 |
*Annual Percentage Yield (APY)and rewards are accurate as of date of publication and may change any time after the account is opened. $25 minimum opening deposit. Enrollment in Online Banking and eStatements are required for this account. Up to $25 in ATM fees refunded per statement cycle with a $4.99 Max ATM fee refund per transaction. Your cell phone provider may charge additional fees for web access or text messages for Mobile Banking & Mobile Deposit. Other fees such as NSF, overdraft, dormant fees on inactive accounts etc, may apply. Offer good on personal account only; business and corporate accounts do not qualify. Bank rules and regulations apply. See bank for details.
Kasasa Cash Back Checking
| INTEREST RATE TIERS | VARIABLE INTEREST RATE | APY* | MINIMUM OPENING DEPOSIT |
|---|---|---|---|
| n/a | n/a | n/a | $25 |
*Annual Percentage Yield (APY)and rewards are accurate as of date of publication and may change any time after the account is opened. $25 minimum opening deposit. Enrollment in Online Banking and eStatements are required for this account. Up to $25 in ATM fees refunded per statement cycle with a $4.99 Max ATM fee refund per transaction. Your cell phone provider may charge additional fees for web access or text messages for Mobile Banking & Mobile Deposit. Other fees such as NSF, overdraft, dormant fees on inactive accounts etc, may apply. Offer good on personal account only; business and corporate accounts do not qualify. Bank rules and regulations apply. See bank for details.
Savings Accounts
| ACCOUNT | VARIABLE INTEREST RATE | APY* | MINIMUM OPENING DEPOSIT |
|---|---|---|---|
| FREE Kasasa Saver** | |||
| Balances Up to $24,999.99 | 0.75% | 0.75% | $25 |
| Balances $25,000 and Above | 0.75% to 0.35% (depending on balance in account) | 0.75% to 0.35% (depending on balance in account) | $25 |
| Base Rate if qualifications are not met | 0.05% | 0.05% | $25 |
| Traditional Savings | 0.05% | 0.05% | $100 |
| Young Savers | 0.05% | 0.05% | $50 |
*Annual Percentage Yield (APY) is accurate as of date of publication and may change at any time after the account is opened. Fees may reduce earnings on these accounts. Up to 6 preauthorized transfers allowed per statement cycle. $1 charge for each transfer or withdrawal over 6. Additional conditions and requirements may apply. See bank for details.
**Must have a Kasasa Cash or Kasasa Cash Back Checking Account.
