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Personal Savings

Savings for individuals who want to earn competitive interest rates while saving.

  • Our Kasasa Saver account pays 4.25% APY.* Click here for more information.
  • Minor / Senior Savings for individuals who want an easy way to build savings. Keeping money in a Minor / Senior account, funds will always be here for that special purchase.
  • Money Market for individuals who want convenient access to their savings account while earning money market rates.
  • Certificate of Deposit for individuals who want a high fixed rate of return over a specified period of time.
  • Individual Retirement for individuals who want competitive fixed rates for retirement savings accounts.
  • CDARS® Program is a great solution for individuals, trustees, socially-motivated investors, CPAs, financial planners, and lawyers to keep large deposits safe.

 


*Rate may change after account is opened. APY is effective as of 8/9/2023.

Kasasa Saver

Open a free Kasasa Cash checking account and you’re eligible for a Kasasa Saver account.

  • Earn 4.25% APY* on balances up to $100,000 when monthly Kasasa Cash requirements are met.**
  • $100 minimum deposit to open an account.
  • Kasasa Cash interest and ATM fee refunds are automatically swept into your Kasasa Savers account.
  • No minimum balance to earn rewards.

 


When your Kasasa Cash requirements are met, Kasasa Saver® Tier 1: An interest rate of 4.17% will be paid on the portion of your daily balance that is between $100,000.00 and $0.01. The annual percentage yield for this tier is 4.25%. Tier 2: An interest rate of 0.10% will be paid on the portion of your daily balance that is $100,000.01 or greater. The annual percentage yield for this tier will range from 4.25% to 2.13%, depending on the balance in your account. 2nd tier APY range is calculated assuming a maximum balance of $200,000.00 and blending the below cap rate with the above cap rate.

When your Kasasa Cash® account qualifications are not met, Kasasa Cash®: the interest rate paid on the entire balance will be 0.02% with a non-compounding annual percentage yield* of 0.02%.and ATM fees are not refunded. Kasasa Saver®: the interest rate paid on the entire balance will be 0.02% with an annual percentage yield of 0.02%. Your interest rate and annual percentage yield may change, at our discretion, without notice to you. Rates effective February 15, 2024.

Savings

For individuals who want to earn competitive interest rates while saving.

  • $500 minimum balance requirement ($15 quarterly fee if balance falls below requirement)
  • Passbook or quarterly statement
  • Competitive interest rates

Minor / Senior Savings

For individuals who want an easy way to build savings. Keeping money in a Minor / Senior account, funds will always be here for that special purchase.

  • No minimum balance requirement
  • No monthly service charge
  • Competitive interest rates
  • $25 to open the account
  • Passbook or quarterly statement available

Money Market Checking

For individuals who want the convenience of writing checks while earning money market rates.

  • $2,500 minimum balance requirement ($25 monthly fee if balance falls below requirement)
  • Competitive tiered interest rates
  • Higher rates for higher balances
  • Monthly statement

Money Market Savings

  • $2,500 minimum balance requirement ($25 monthly fee if balance falls below requirement)
  • Competitive tiered interest rates
  • Monthly statement

Certificate of Deposit Rates Chicago

This account is for individuals who want a high fixed rate of return over a specified period of time.

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

Lakeside announces new CD rates!

Increase your financial security and peace of mind. See your Lakeside Banker for more information on these great CD rates!

4.00% APY 3-month CD
5.00% APY 13-month CD
4.75% APY 17-month CD

 


APY equals “Annual Percentage Yield”. The minimum for the 91-day CD is $10,000.00 The minimum for the 12 and 17 month CD’s is $2,500.00. The maximum for each CD is $250,000.00. To secure these rates, funds must remain on deposit throughout the specified periods. Funds may not be added once the account is opened. Interest will be compounded and credited quarterly. The account will mature 91 days, 13 months and 17 months from the opening dates. The 91day CD and will automatically renew to a standard rate 91-day product at the Lakeside rate in effect at that time. The 13- and 17-month CD’s will renew at the 12 month rate then in effect. Early withdrawal subject to penalty. Interest rates are subject to change. Lakeside Bank has the right to withdraw this offer at any time. Rate is effective 1/10/2024.

Individual Retirement

For individuals who want competitive fixed rates for retirement savings accounts.

  • Competitive fixed or variable rate of return
  • Variety of terms 1 to 5 years
  • Available for Traditional and Roth IRAs
  • Contributions to Traditional IRAs may be tax deductible*

*Consult a tax advisor for eligibility.

Lakeside can help you access FDIC Insured Protection for more than $250,000 on deposits placed through our Safe harbor ICS (Insured Cash Sweep) service. You may be eligible to invest and protect tens of millions of dollars! And, you'll earn competitive market interest rates with the safety of your funds guaranteed by the federal government.

Talk to us today to learn more! If you already have a personal Lakeside Banker, please call or email. If you don't, please call Angela Villegas, Vice President, and ICS specialist. Her direct line is 331-979-7405. Or, email her at [email protected].

Important Information

* Placement of funds through the ICS service is subject to the terms, conditions, and disclosures in the service agreements, including the Deposit Placement Agreement ("DPA"). Limits and customer eligibility criteria apply. In the ICS savings option, program withdrawals are limited to six per month. Although funds are placed at destination banks in amounts that do not exceed the FDIC standard maximum deposit insurance amount ("SMDIA"), a depositor's balances at the relationship institution that places the funds may exceed the SMDIA (e.g., before ICS settlement for a deposit or after ICS settlement for a withdrawal) or be ineligible  for FDIC insurance (if the relationship institution is not a bank). As stated in the DPA, the depositor is responsible for making any necessary arrangements to protect such balances consistent with applicable law. If the depositor is subject to restrictions on placement of its funds, the depositor is responsible for determining whether its use of ICS satisfies those restricitons. ICS and Insured Cash Sweep are registered service marks of Promontory Interfinancial Network, LLC.

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 in 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[email protected] 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.