Personal Checking Accounts

Related Information

Interest Rates

Whether you are in need of a simple checking account or an interest bearing account, we can help. We know that we have an account that is right for you.

TRANSACTION ACCOUNT GUARANTEE PROGRAM

First Bank of the Lake is participating in the FDIC's Transaction Account Guarantee Program. All funds in a "noninterest-bearing transaction account" are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC's general insurance rules.

The term "noninterest-bearing transaction account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, money-market deposit accounts, and Interest on Lawyers Trust Accounts ("IOLTAs").

For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.

First Account

$500.00 is required to open this account. Minimum balance required and no interest paid. This account offers a Debit Card, Free Direct Deposit, and Check Safekeeping (your checks are not returned in your monthly statement). If the balance falls below $400.00 a maintenance fee of $5.00 will be imposed once during the cycle.

First Bank Account

$500.00 is required to open this account. Interest can be earned anytime the account balance is $750.00 or more. A Debit Card and Free Direct Deposit are offered. Statements are issued monthly and include an image of your cancelled checks.

Minimum balance to avoid imposition of fees

If balance falls below $750.00 on any day in the statement cycle. A Maintenance fee of $8.00 will be imposed once during the cycle.

Money Market Account

Requires $2,500.00 to open account. Offers you the opportunity to earn a higher interest rate when this account is $1,000.00 or more. This account includes a monthly statement, an image of your checks, and Free Direct Deposit.

Minimum balance to avoid imposition of fees

If balance falls below $1,000.00 on any day in the statement cycle, a maintenance fee of $8.50 will be imposed once during the cycle.

Note: Over (3) checks per cycle will result in a $5.00 charge each. Over (6) debit per cycle will result in a $5.00 charge each.