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Personal Savings

Savings and investment opportunities.

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Hennepin, IL

Individual Retirement Account (IRA)

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 These contributions may be withdrawn any time for such reasons as: first time home purchase, medical expenses, or other special needs you may have.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