Savings
BUSINESS MONEY MARKET ACCOUNT
- Variable rate interest account - compounded and credited monthly
- Interest rate tiered to account balance.
- Up to $49,999.99 - APY is an internally determined rate
- $50,000 - $99,999.99 - APY is an internally determined rate
- $100,000 - $249,999.99 - APY is an internally determined rate
- $250,000 - $499,999.99 - APY is an internally determined rate
- $500,000 and above - APY is an internally determined rate
- Minimum balacne required - $1,000.00
- Monthly Maintenance Fee - $10.00 if below minimum anytime during month
- Per regulation limit of 6 withdrawls per month
- Free internet banking
- Instant Cash Card available - no fee
- Pre-printed deposit and withdrawl tickets available - no fee
- Automatic transfer available - no fee
EXECUTIVE SAVINGS ACCOUNT
- Variable rate savings account
- Rate is internally determined based upon a rate adjustor
- $10,000 - Minimum balance to open
- $10,000 - Minimum balance required
- Monthly Maintenance Fee - $10.00 if below minimum anytime during month
- Free internet banking
- Instant Cash Card available - no fee
- Pre-printed deposit and withdrawl ticket available - no fee
- Automatic transfer available - no fee
STATEMENT SAVINGS
- Variable rate interest bearing account - interest is compounded and credited monthly
- $50 minimum balance required to avoid service charge
- Service Charge - $1.50 per quarter if below minimum anytime during the quarter
- ATM card available at no charge (subject to approval)
- Free automatic/telephone transfer service
- Fees may reduce earnings
CERTIFICATES OF DEPOSIT
People today are looking for investment opportunities to maximize their hard-earned dollars.
Everyone needs some type of liquid, low risk investment in their portfolio. Many are finding that Certificates of Deposit make an excellent short or long-term choice for any purpose, from buying a new car to saving for retirement.
Our CDs are designed to give you competitive rates, combined with the safety and security you associate with this popular investment. For your convenience, we offer many options, including a broad range of maturity dates, a choice of interest-payment options…and more!
Whatever your investment goals, we have CDs to match. Our experienced staff will help you select the best alternatives to meet your current and future needs. Remember…with a CD from Lakewood Bank, you can relax knowing your deposit and the interest earned are insured to the maximum amount allowed by the FDIC.