Savings & Money Markets
Our Business Savings Account is designed to help small businesses grow. The minimum deposit to open this account is $25.00. If the balance falls below $25.00 any time during the statement cycle, a monthly maintenance fee of $1.00 will apply.
Business Money Market
A Bank of Lake Mills Business Money Market account offers a competitive tiered interest rate structure and no maintenance fees when the balance requirements are maintained. The minimum deposit to open this account is $2,500.00. If the balance falls below $2,500.00 any time during the statement cycle, a monthly maintenance fee of $6.00 will apply.
An Excessive Debit Fee is a fee charged per item during any savings or money market statement cycle that exceeds more than six (6) withdrawals or transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction, computer transfer, or by check, draft, debit card, or similar order to a third party. Fees imposed could reduce earnings.
Bank of Lake Mills Business Savings & Money Market Accounts that earn interest are calculated using an Annual Percentage Yield (APY) and are accurate as of the date listed on our rate sheet.