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 | APY* | MINIMUM OPENING DEPOSIT |
|---|---|---|
|
6 Month CD*
|
5.50% | $1,000 |
| 9 Month CD* | 5.50% | $1,000 |
| 13 Month CD* | 5.50% | $1,000 |
| 15 Month CD* | 5.45% | $1,000 |
| 26 Month CD* | 5.00% | $1,000 |
| 30 Month Bump-up CD** | 4.80% | $1,000 |
| 33 Month CD* | 4.70% | $1,000 |
| 42 Month CD* | 4.40% | $1,000 |
*Annual Percentage Yield (APY) assumes interest will remain on deposit until maturity. APY is accurate as of date of publication. Rates subject to change at any time without notice. Penalty may be imposed for early withdrawal. Fees could reduce the earnings on the account. No institutional funds allowed. Other restrictions may apply. Contact 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 | APY* | MINIMUM OPENING DEPOSIT |
|---|---|---|
| 3 Month CD | 3.00% | $1,000 |
| 12 Month CD | 5.00% | $1,000 |
| 18 Month CD | 4.85% | $1,000 |
|
24 Month CD
|
4.40% | $1,000 |
| 30 Month CD | 4.25% | $1,000 |
| 36 Month CD | 4.00% | $1,000 |
| 48 Month CD | 4.00% | $1,000 |
| 60 Month CD | 4.00% | $1,000 |
*Annual Percentage Yield (APY) assumes interest will remain on deposit until maturity. APY is accurate as of date of publication. Rates subject to change at any time without notice. Penalty may be imposed for early withdrawal. Fees could reduce the earnings on the account. No institutional funds allowed. Other restrictions may apply. Contact bank for details.
Money Market Accounts
| TERM | APY* | MINIMUM OPENING DEPOSIT |
|---|---|---|
| $250,000 and Above | 4.45% | $500 |
| $100,000 to $249,999.99 | 3.25% | $500 |
| $50,000 to $99,999.99 | 1.75% | $500 |
| $25,000 to $49,999.99 | 1.00% | $500 |
| Up to $24,999.99 | 0.75% | $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 | APY* | MINIMUM OPENING DEPOSIT |
|---|---|---|
| Balances Up to $9, 999.99 | 2.00% | $25 |
| Balances $10,000 and Above | 2.00% to 0.41% (depending on balance in account) | $25 |
| Base Rate if qualifications are not met | 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 | APY* | MINIMUM OPENING DEPOSIT |
|---|---|---|
| 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 | APY* | MINIMUM OPENING DEPOSIT |
|---|---|---|
| FREE Kasasa Saver** | ||
| Balances Up to $24,999.99 | 0.75% | $25 |
| Balances $25,000 and Above | 0.75% to 0.35% (depending on balance in account) | $25 |
| Base Rate if qualifications are not met | 0.05% | $25 |
| Traditional Savings | 0.25% | $100 |
| Young Savers | 0.25% | $50 |
*Annual Percentage Yield (APY) is accurate as of date of publication. The interest rate and APY may change after the account is opened. Fees could reduce the earnings on the account. No institutional funds allowed. Other restrictions may apply. Contact bank for details.
**Must have a Kasasa Cash or Kasasa Cash Back Checking Account.
