Deposit Rates

Rates effective as of 10/06/2023. Rates are subject to change at any time. 

CDs & IRAs

Term Certificate* IRA*(1,4) 
 Interest Rate APY
91 Day CD $2,500 N/A 0.20% 0.20%
182 Day CD $2,500 N/A 0.30% 0.30%
1 Year Super Saver CD(2)
 $500 N/A 0.40% 0.40%
1 Year CD $500 $500 0.40% 0.40%
14 Month CD - SPECIAL! $2,500 $2,500 5.12% 5.25%
18 Month Variable IRA(3) N/A $100 0.45% 0.45%
18 Month CD $500 $500 0.45% 0.45%
2 Year CD $500
$500 0.50% 0.50%
26 Month CD - SPECIAL! $2,500 $2,500 5.16% 5.30%
30 Month CD $500
$500 0.55% 0.55%
3 Year CD $500
$500 0.60%

0.60%
4 Year CD $500 $500 0.70%

0.70%

*Minimum balance to open/obtain the APY. 

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Checking Account

($25 minimum balance to open)

Interest Advantage Checking(3,4,5,6,7) Interest Rate APY

    Balance portion of $10,000 or less

1.98%

 2.00%

    Balance portion more than $10,000

 0.50%
 0.50%

   If requirements not met during monthly statement cycle 0.01%
 0.01%

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Money Market Account(3,7,8)

($2,500 minimum balance to open)

 Daily Balance Interest Rate APY

    $100,000 or more 0.50% 0.50%

    $50,000 - $99,999.99 
 0.45% 0.45%

    $25,000 - $49,999.99 
 0.40% 0.40%

    $10,000 - $24,999.99 0.30% 0.30%

    $2,500 - $ 9,999.99 
 0.20% 0.20%

    Less than $2,500 0.15% 0.15%

High-Yield Money Market Account(3,7) - SPECIAL!

($50,000 minimum balance to open; $10,000 new money)

Daily Balance

Interest Rate

APY

    $50,000 or more 4.88% 5.00%

   Less than $50,000
 0.20% 0.20%


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Savings Accounts

($25 minimum balance to open)
Interest Rate APY

Personal Savings(3,4,7,9) 0.10% 0.10%

Business Savings(3,7,9) 0.10% 0.10%

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APY - Annual Percentage Yield. APY assumes interest remains on deposit. Fees imposed could reduce the earnings. Withdrawal of interest will reduce earnings. Early withdrawal may be subject to penalty. Ask us for other applicable fees and terms. (1) Available for rollovers, transfers, and contributions. (2) Additional deposits not to exceed $25,000 per certificate term. (3) Interest rate may change after account is opened. (4) Personal accounts only. (5) A monthly Paper Statement Fee of $3.00 will be assessed if not enrolled in Online Statements. (6) To earn the higher interest rate, it is required to complete at least 15 settled Bank of Lake Mills Debit Card point of sale transactions (excludes ATM transactions) and complete at least 5 electronic Bill Payments using Bank of Lake Mills Online Bill Pay during each monthly statement cycle. (7) No minimum balance required to obtain APY. (8) If balance falls below the $2,500 any time during the statement cycle, a monthly maintenance fee of $6.00 will apply. (9) If balance falls below $25 any time during the statement cycle, a monthly maintenance fee of $1.00 will apply.

Printable Interest Rate Sheet

Updated 10/06/2023