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. Under that program through June 30, 2010, all non-interest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transacion Account Guarantee Program is in addition to and seperate from the coverage available under the FDIC's general deposit insurance rules.

Types of First Bank of the Lake accounts NOT covered by the Transacton Account Guarantee Program include the First Bank Account,Passbook Savings Accounts, Money Market Accounts, Certificate of Deposit Accounts,and IRA Accounts. These accounts are insured under the FDIC's general deposit insurance rules.

First Account

$200.00 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

$200.00 is required to open this account. Interest can be earned anytime the account balance is $500.00 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 $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.