Deposit Rates

Rates effective as of 08/09/19. Rates are subject to change at any time. 


CD & IRA Specials

Term
Certificate*
IRA*(1,4)
Interest Rate
APY

  9 Month CD

26 Month CD

$2,500

$2,500

n/a

$2,500

2.13%

2.37%

2.15%

2.40%

*Minimum balance to open/obtain the APY. 

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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 0.25% 0.25%
1 Year Super Saver CD(2)
$500 N/A 0.30% 0.30%
1 Year CD $500 $500 0.35% 0.35%
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 0.60% 0.60%
30 Month CD $500
$500 0.75% 0.75%
3 Year CD $500
$500 0.90% 0.90%
4 Year CD $500
$500 1.19%

1.20%

*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%
Monthly statement cycle required qualifications: Have at least 15 settled signature debit card point of sale transactions and at least 5 online electronic bill payments.

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Money Market Accounts(3,7,8,9)

($2,500 minimum balance to open.)

Daily Balance Interest Rate APY

    $100,000 or more 0.30% 0.30%

    $50,000 - $99,999.99 
0.25% 0.25%

    $25,000 - $49,999.99 
0.20% 0.20%

    $10,000 - $24,999.99 0.15% 0.15%

    $2,500 - $ 9,999.99 
0.10% 0.10%

    Less than $2,500 0.10% 0.10%

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Savings Accounts

($25 minimum balance to open.)


Interest Rate APY

Personal Savings(3,4,7,8,10) 0.10% 0.10%

Business Savings(3,7,8,10) 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) Rate may change after account is opened. (4) Personal accounts only. (5) A monthly Paper Statement Fee of $3.00 will be accessed if not enrolled in Online Statements. (6) To earn the higher rate, it is required to complete at least 15 settled signature debit card point of sale transactions (non-pinned) 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) An excessive debit fee of $3.00 per item is charged during a statement cycle that exceeds more than six 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. (9) If balance falls below the $2,500 any time during the statement cycle, a monthly maintenance fee of $6.00 will apply. (10) If balance falls below $25 any time during the statement cycle, a monthly maintenance fee of $1.00 will apply.

Printable Rate Sheet