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Personal Savings

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

  • Our Kasasa Saver account pays .50% 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 12/03/2020

Kasasa Saver

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

  • Earn .50% 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.

 


*Annual Percentage Yield (APY ) is accurate as of October 21, 2021. Rates may change after account is opened. Fees may reduce earnings. $100.00 minimum deposit to open account. When your account quali­fications are met during each monthly quali­fication cycle, balances up to $25,000.00 receive an APY of 1.25%, and balances over $25,000.00 earn an interest rate of 0.10% on that portion of the balance over $25,000.00 resulting in an APY range from 1.25% to 0.33% APY, depending on the balance in your account. APY range is calculated assuming a maximum balance of $125,000.00 and blending the below cap rate with the above cap rate. Qualifying transactions must post to and settle during the monthly quali­fication cycle through one day prior to the close of statement cycle. When quali­fications are not met, all balances in the account earn 0.02% APY. Limit one account per Social Security Number. If you close the account prior to the end of the quali­fication cycle, you will not earn interest. Other restrictions may apply. Please contact a Lakeside Bank representative for additional information.

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.

*Annual Percentage Yield (APY) is accurate as of October 21, 2021. Rates may change after account is opened. Fees may reduce earnings. $100.00 minimum deposit to open account. When your Kasasa Cash qualifications are met during each monthly qualification cycle, balances up to $100,000.00 receive an APY of 0.50%, and balances over $100,000.00 earn an interest rate of 0.10% on that portion of the balance over $100,000.00, resulting in an APY range from 0.50% APY to 0.30% APY depending on the account balances. APY range is calculated assuming a maximum balance of $200,000.00 and blending the below cap rate with the above cap rate. When Kasasa Cash qualifications are not met, all balances in the account earn 0.02% APY. Limit one account per social security number. If you close the account prior to the end of the qualification cycle, you will not earn interest. Other restrictions may apply. Please contact a Lakeside Bank representative for additional information.

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.

  • $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 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: .15% APY*

12 month CD: .20% APY**

24 month CD: .25% APY***

 


*The .15% APY is guaranteed for 8 months.
**The .20% APY is guaranteed for 12 months.
***The .25% APY is guaranteed for 24 months.
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 April 8, 2021. 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.

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 avillegas@lakesidebank.com.

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 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.