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Personal Savings

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

  • Our Kasasa Saver account pays .75% 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.
  • Jumbo Certificates for individuals who want a higher fixed rate of return and are willing to invest more.
  • 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 8/07/2020

Kasasa Saver

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

  • Earn .75% APY* on balances up to $100,000 when monthly Kasasa Cash requirements are met.* Click on Kasasa Saver for details.
  • $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.

 


Interest Rate & Annual Percentage Yield: When your Kasasa Cash® account qualifications are met during a Monthly Qualification Cycle, Tier 1: An interest rate of 1.74% will be paid on the portion of your daily balance that is between $25,000.00 and $0.01. The non-compounding annual percentage yield* for this tier is 1.75%. Tier 2: An interest rate of 0.25% will be paid on the portion of your daily balance that is $25,000.01 or greater. The non-compounding annual percentage yield* for this tier will range from 1.75% to 0.55%, depending on the balance in your account.

2nd tier APY range is calculated assuming a maximum balance of $125,000.00 and blending the below cap rate with the above cap rate.

When your Kasasa Saver® Tier 1: An interest rate of .75% 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 .75%. Tier 2: An interest rate of 0.25% 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 .75% to 0.50%, 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.

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.

  • $5,000 minimum balance requirement ($20 monthly fee if balance falls below requirement)
  • Competitive tiered interest rates
  • Higher rates for higher balances
  • Monthly statement

Money Market Savings

  • $5,000 minimum balance requirement ($20 monthly fee if balance falls below requirement)
  • Competitive tiered interest rates
  • Monthly statement

Certificate of Deposit Rates Chicago

This account is or 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!

Introducing our latest rates. Increase your financial security and peace of mind. See your Lakeside Banker for more information on these two rates and other rates / time periods.

8 month CD: 
New Funds or with a 10% increase to existing, mature funds available for rollover is .50%* APY.

12 month CD: 
New Funds or with a 10% increase to existing, mature funds available for rollover is .60%** APY. Existing funds .50% APY.

24 month CD: 
New Funds or with a 10% increase to existing, mature funds available for rollover is .60%*** APY. Existing funds .50% APY.

 


*The .50% APY is guaranteed for 8 months and is available with new funds or if 10% is added to an existing CD or other funds that are mature and available for rollover.
**The .60% APY CD is guaranteed for 12 months with new funds or if 10% is added to an existing CD or other funds that are mature and available for rollover. .50% APY is offered for existing, mature, funds.
***.60% is guaranteed for 24 months and is available with new funds or if 10% is added to an existing CD or other funds that are mature and available for rollover. .50% APY is offered for existing, mature, funds.
The following applies to all CD’s: Minimum balance for new or existing CD’s is, $2,500.00. Maximum of $250,000.00. The Annual Percentage Yields (APY) are valid as of July 15, 2020. Future rates are subject to change. Substantial penalties for early withdrawal. Feeds may reduce earnings. Interest compounded and paid every three months.

Jumbo Certificates of Deposit

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

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

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.

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 atgmarcordes@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.