Business Savings and Money Market

  • Business Savings – Allows the business to earn interest on excess balances.
  • Business Money Market – Allows the business to earn money market
  • Money Market – Allows your business to earn interest on excess balances.
  • Business Certificates – Allows the business to lock in a competitive fixed rate of return for a specified period on excess balances.
  • CDARS® – Looking for a way to keep large deposits safe? Ask us about CDARS®. It’s a great solution for: businesses, non-profit organizations, public funds managers, trustees, financial advisors, individuals, credit unions, and IRAs.

Business Savings

Allows your business to earn interest on excess balances.

  • $1,000 minimum monthly balance requirement ($15.00 monthly fee if balance falls below requirement)
  • Competitive interest rate
  • Interest paid quarterly
  • Unlimited deposits
  • 6 withdrawals or transfers allowed per cycle (excess debit fee assessed for each withdrawal over 6.) This limit does not apply to withdrawals or transfers made in person at a branch or at an ATM.

Business Money Market

Allows your business to earn money market rates on excess balances.

  • $5000 minimum monthly balance requirement ($20.00 monthly fee if balance falls below requirement)
  • Competitive tiered interest rate
  • Interest paid monthly
  • 6 withdrawals or transfers allowed per month (excess debit fee assessed for each withdrawal over 6.) This limit does not apply to withdrawals or transfers made in person at a branch or at an ATM.

Business Certificates of Deposit

Allows your business to lock in a competitive fixed rate of return for a specified period on excess balances.

  • $2,500 minimum balance required to open
  • Competitive fixed rate of return
  • Variety of terms 90 days to 60 months available
  • Monthly interest checks are available or funds may be transferred to any Lakeside Bank account.

Jumbo Business Certificates of Deposit

This account is for businesses who want a higher fixed rate of return and are willing to invest in more.

  • $100,000 minimum balance required to open
  • Competitive fixed rate of return
  • Variety of terms 30 days to 60 months available
  • Monthly interest checks are available or funds may be transferred to and Lakeside Bank account

CDARS®

CDARS® is one of the safest and smartest investment vehicles for investors looking to protect their large-dollar investments while earning CD-level returns that may compare favorably to Treasury and money-market-fund yields.

CDs placed through CDARS® offer investors (including institutional investors, such as corporations, foundations, and endowments):

  • Access to multi-million-dollar FDIC insurance;
  • The ease of working through one trusted relationship, earning one rate per maturity, and receiving consolidated statements;
  • The ability to forego ongoing collateral tracking;
  • The power of daily compounding; and A finite maturity date (in contrast to auction-rate or some adjustable-rate securities).

Investing through CDARS® can be a strong alternative to Treasuries. Like Treasuries, FDIC insurance is backed by the full faith and credit of the U.S. government.

Ask us about how CDARS® can work for you the next time you visit one of our branches, or email Grace Marcordes at gmarcordes@lakesidebank.com for more information.

Additional materials:

  • How CDARS® works for you
  • Smart Investing
  • Simple, Easy CDARS® Experience
  • CDARS®: Frequently Asked Questions

*See a Lakeside banker for a complete CDARS® package.

CDARS® CDs are considered bank deposits. They are not DTC eligible and, currently, no secondary market exists. Early withdrawals are available, but require the payment of a substantial penalty.

You should compare the current rates and features of CDs (including CDs placed through the CDARS® service) to other investment alternatives. Past performance may not be representative of future performance or success.

Limits apply. If a depositor is subject to restrictions with respect to the placement of funds in depository institutions, it is the responsibility of the depositor to determine whether the placement of the depositor’s funds through CDARS® or a particular CDARS® transaction satisfies those restrictions. Funds may be submitted for placement only after a depositor enters into a CDARS® Deposit Placement Agreement with our bank. The agreement contains important information and conditions regarding the placement of funds by our bank through CDARS®.

CDARS® is a registered service mark of Promontory Interfinancial Network, LLC.