Checking
FREE Personal Checking
$25 to open this account. Enjoy no-charge checking with no minimum balance required.
Free debit card, Free Internet Banking, Free On-line Bill Pay for qualified customers, Free Phone Banking, Free Transfers, Free Overdraft Protection (with automatic sweep from a BLM Savings Account or Line of Credit)
Commercial Checking
$25 to open this account. A commercial checking account can be opened by a business, corporation, partnership, or sole proprietorship. The service fees for these accounts are listed below:
| Over $200 | = | FREE |
| Under $200 | = | $3.00/mo. & $.25 per debit |
NOW Accounts
With a $500 minimum balance, the Bank of Lake Mills offers you a checking account which earns you interest on your funds. Fees may reduce earnings. Fall below the minimum balance and fees are charged according to the following schedule:
| Over $500 | = | FREE |
| Under $500 | = | $5.00/mo. & $.25 per debit |
| Interest rate = 0.60% | Annual Percentage Yield = 0.60% |
Money Market Checking Tiered Rates
| Daily Balance | Interest Rate | Annual Percentage Yield |
| $2,500 - $9,999.99 | 1.39% | 1.40% |
| $10,000 - $24,999.99 | 2.42% | 2.45% |
| $25,000 - $49,999.99 | 2.47% | 2.50% |
| $50,000 - $99,999.99 | 2.66% | 2.70% |
| $100,000 and over | 2.86% | 2.90% |
fee of $6.00 will be charged to your account.
Fees may reduce earnings
All rates effective April 8, 2008 and are subject to change without notice.
*Maintenance fees may reduce earnings.
