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Personal Savings

Savings and investment opportunities.

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Hennepin, IL

Begin.Mighty Buck Savings Account

Mighty Bucks

The perfect kid’s savings account, because it’s never too early to start saving.

+ Mighty Bucks Account Details

  • Must be under the age of 18
  • $5.00 deposit to open
  • Competitive variable rate of interest
    Interest is compounded daily on your full balance and credited quarterly on your statement date.
  • Quarterly paper statements

Build.Savings and CD's

Community Savings

When you open an LSB Statement Savings Account you will be earning a competitive rate of interest that is compounded daily on your account balance and paid quarterly so you earn a higher yield. All deposits, withdrawals, interest earned and ATM transactions will appear on your mailed quarterly statement.

+ Community Savings Account Details

  • $50 deposit to open
  • Convenient E-Statements
  • Quarterly paper statements
  • Mobile and online banking
  • StateFone usage
    Get account balances, transfer money between LSB accounts, register your debit card from your phone by calling 815-223-8801 (Password required).
  • Competitive variable rate of interest
    Interest compounded daily on your full balance and credited quarterly on your statement date.
  • ATM card

Certificates of Deposit

The perfect way to save and grow your money. A Certificate of Deposit (CD) is a deposit account in which you invest a fixed sum of money at a fixed interest rate for a fixed term. These deposits have a variety of terms and flexible interest payment options depending on the account’s term. After the account is opened, you may not make additional deposits into, or withdrawals from the account until the maturity date.

All LSB Certificates of Deposit offer competitive rates of interest and are insured up to the FDIC maximum amount per depositor.

+ See Our Certificate Short-Term Options

  • 31,91, or 182 day terms available
  • Minimum deposit of $1000.00 to open the account
  • Interest is compounded and credited at maturity
  • Penalty for early withdrawal. Fees could reduce earnings
  • Annual Percentage Yield assumes that interest remains on deposit until maturity. A withdrawal of interest could reduce earnings.

+ See Our Certificate Long-Term Options

  • 12,18,24,30,36, and 60 month terms available
  • Minimum deposit of $1000.00 to open the account
  • Interest is compounded quarterly
  • Interest is credited quarterly and can be added back to the cd, or paid in the form of a check or deposit into your LSB checking/savings account.
  • Penalty for early withdrawal. Fees could reduce earnings
  • Annual Percentage Yield assumes that interest remains on deposit until maturity. A withdrawal of interest could reduce earnings.

Contact a Customer Service Representative today and ask about
our CD Specials and Heavy Rate products.

Earn.While You Save

Kasasa Saver®

If you already have the best Kasasa rewards checking account, complement it with a savings counterpart! Kasasa Cash® and Kasasa Saver® work together, so the rewards you earn each month on Kasasa Cash are automatically deposited to Saver. All you have to do is meet the easy monthly requirements for Kasasa Cash. Plus, Kasasa Saver also earns its own amazing interest rate!

+ Kasasa Saver® Account Details

  • 0.65% APY* on Kasasa Saver® balances up to $50,000
  • 0.65 to 0.35% APY*, on balances over $50,000 depending on balance in account
  • 0.05% APY* if qualifications are not met on Kasasa Casr®
  • Linked to free Kasasa Cash® or Cash Back account
  • Automatic transfers of Kasasa Cash® or Cash Back rewards
  • No monthly service fee
  • No minimum balance requirement
  • $50 minimum deposit to open
  • Limit of 6 transfers per month

*APY=Annual Percentage Yield. APYs accurate as of 07/01/2018.

It’s Easy to Qualify!

Qualifying for Kasasa Cash® rewards automatically qualifies you for the highest Kasasa Saver® rate. Simply do the following activities and transactions in your Kasasa Cash® or Cash Back account each monthly qualification cycle:

  • Have at least 12 debit card purchases post and settle
  • Be enrolled in and agree to receive e-Statements
  • Be enrolled in and log into online banking at least once

It’s no problem if you miss a qualification cycle. Both accounts are still free and earn our base interest rate. And you can get back to earning rewards the very next month you qualify.

Qualification Information
Account transactions and activities may take one or more days to post and settle to the account and all must do so during the Monthly Qualification Cycle in order to qualify for the account’s rewards. The following activities do not count toward earning account rewards: ATM-processed transactions, transfers between accounts, debit card purchases processed by merchants and received by our bank as ATM transactions, non-retail payment transactions and purchases made with debit cards not issued by our bank. “Monthly Qualification Cycle” means a period beginning one (1) business day prior to the first day of the current statement cycle through one (1) business day prior to the close of the current statement cycle. Reward Information: Rewards vary by account. When your linked Kasasa Cash or Kasasa Cash Back account qualifications are met during a Monthly Qualification Cycle, your Kasasa Saver account balances up to $50,000.00 receive an APY of 0.65%; and balances over $50,000.00 earn 0.20% interest rate on the portion of balance over $50,000.00, resulting in a range from 0.65% to 0.35% APY depending on the account’s balance. If your Kasasa Cash or Kasasa Cash Back qualifications are not met, all Kasasa Saver balances earn 0.05% APY.  Interest, cash back payments and ATM fee reimbursements are credited to the appropriate account on the last day of the current statement cycle. Kasasa Cash rewards are automatically transferred to the linked Kasasa Saver account within one day. This automatic transfer may cause an overdraft to your linked Kasasa Cash account, if the account’s balance is less than the transferred amount when transfer occurs. APY = Annual Percentage Yield. APY’s accurate as of 07/01/2018. Rates and rewards are variable and may change after account is opened. Fees may reduce earnings. Additional Information: Account approval, conditions, qualifications, limits, timeframes, enrollments, log-ons and other requirements apply. $50.00 minimum deposit is required to open the account. Enrollment in electronic services (e.g. online banking, electronic statements) and log-ons may be required to meet some of the account’s qualifications. Limit 1 account per social security number.  There are no recurring monthly service charges or fees to open or close this account. Contact one of our bank service representatives for additional information, details, restrictions, reward calculations, processing limitations and enrollment instructions. Member FDIC.  Kasasa is trademark of Kasasa, Ltd., registered in the U.S.A.

Kasasa, Kasasa Cash, Kasasa Cash Back and Kasasa Saver are trademarks of Kasasa, Ltd., registered in the U.S.A.

Maintain.Money Market and Club Accounts

Vacation Savings Club

Start saving for your getaway.

+ View Vacation Savings Club Details

  • Minimum deposit of $10.00 to open
  • Competitive variable rate of interest
  • Interest is compounded daily and credited to the account at closing
  • Maximum weekly deposit is $50.00
  • Minimum weekly deposit is $10.00
  • No withdrawals before maturity or the account will be closed
  • $10.00 early redemption fee
  • LSB deposit account is required in order to automatically transfer money into the Club account and to automatically transfer the Club balance at maturity.

Christmas Club

The LSB Christmas Club is a convenient and structured way to save throughout the year in a deposit account for the holidays. Then, in October, the balance in your account is available for your holiday buying needs.

+ View Christmas Club Details

  • Available in 2, 5,10, and 20 dollar accounts
  • Minimum deposit of $2.00 to open
  • Competitive variable rate of interest
  • Interest is compounded daily and credited to the account at closing
  • Maximum weekly deposit is $20.00
  • Minimum weekly deposit is $2.00
  • No withdrawals before maturity or the account will be closed
  • $25.00 early redemption fee
  • LSB deposit account is required in order to automatically transfer the Club balance at maturity.

Community Money Market

A convenient way to have access to your funds while earning interest.

+ View Community Money Market Account Details

  • Competitive tiered variable rate of interest
    Tiered variable rate of interest. Interest is computed by using the daily balance method and is credited to the account monthly on the statement cycle date.
  • ATM
  • Convenient E-Statements or Monthly Paper Statements
  • Mobile and online banking
  • StateFone usage
    Get account balances, transfer money between LSB accounts, register your debit card from your phone by calling 815-223-8801 (Password required).
  • Maintenance fee
    A maintenance fee of $8.00 will be imposed each monthly statement cycle if the average daily balance for the monthly statement cycle falls below the minimum balance as indicated in your account category. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. The $8.00 maintenance fee is waived by maintaining the minimum average daily balance of $1,000.00 for the monthly statement cycle.

Preserve.Individual Retirement Account

We offer several IRA options to meet various individual needs. Each account option offers unique features and benefits. Visit with one of our Customer Service Representatives to learn more about these accounts and contact your tax professional to determine which is best for your tax situation.

 

Traditional IRA

Start down the road to a financially secure retirement with a Traditional IRA. Through the power of compounding and with a diligent yearly savings, the Traditional IRA helps you retire in style.

 

Roth IRA

The most flexible of IRAs available is funded solely by after-tax contributions. These contributions may be withdrawn any time for such reasons as: first time home purchase, medical expenses, or other special needs you may have. It offers the possibility of tax-free earnings. Many individuals who never qualified for Traditional IRAs and those over the age of 70+ can take advantage of this special IRA if you still have earned income.

Deposit Account Options

LSB IRAs are available in either Certificates of Deposit or Savings Account formats.

+ View Certificate Short Term Options

  • 31,91, or 182 day terms available
  • Minimum deposit of $500.00 to open the account
  • Interest is compounded and credited at maturity
  • Penalty for early withdrawal. Fees could reduce earnings
  • Annual Percentage Yield assumes that interest remains on deposit until maturity. A withdrawal of interest could reduce earnings.

+ View Certificate Long Term Options

  • 12,18,24,30,36, and 60 month terms available
  • Minimum deposit of $500.00 to open the account
  • Interest is compounded and credited quarterly to the account
  • Penalty for early withdrawal. Fees could reduce earnings
  • Annual Percentage Yield assumes that interest remains on deposit until maturity. A withdrawal of interest could reduce earnings.

24-Karat IRA

Ask about our special 24-Karat IRA option. This account is a 24-month Variable Rate IRA, which is automatically renewable. After opening your 24-Karat IRA, additional contributions starting at $100 can be made at any time – in any manner! Ask a Customer Service Representative to tell you more about its additional special features.

+ View 24 Karat IRA Options

  • Minimum deposit of $500.00 to open the account
  • Additional deposits can be made in $100.00 increments not to exceed the annual contribution limit. (Speak with a Customer Service Representative for details)
  • Interest is compounded and credited quarterly to the account
  • Penalty for early withdrawal. Fees could reduce earnings
  • Annual Percentage Yield assumes that interest remains on deposit until maturity. A withdrawal of interest could reduce earnings

IRA Savings

+ View Savings Account Options

  • Minimum deposit of $25.00 to open the account
  • Competitive variable rate of interest
  • Interest is compounded and credited quarterly to the account

Don’t know how much you’ll need to save for retirement?

Check out our retirement calculator to help estimate how much you will want to put away.