Interest Rates

First Bank of the Lake Rates (Effective 1/28/2014)

For Further Information Please Call:
573-348-2265

Certificate of Deposits

Minimum Opening Balance = $2,000.00

3 Months 0.10 (0.10 APY)*
6 Months 0.15 (0.15 APY)*

* Compounding Frequency - Maturity
* APY = Annual Percentage Yield
* Substantial penalty for early withdrawal

12 Months 0.55 (0.55 APY)*
18 Months 0.55 (0.55 APY)*
24 Months 0.60 (0.60 APY)*
30 Months 0.85 (0.85 APY)*
36 Months 0.95 (0.95 APY)*
48 Months 1.00 (1.00 APY)*
60 Months 1.25 (1.26 APY)*

* COMPOUNDING FREQUENCY - QUARTERLY
* APY assuming automatic renewal for one (1) year
* Substantial penalty for early withdrawal

Increases to Rate
.10% for checking or savings with a balance of $2,500.00 or more

$100,000.00 - $499,999.99 = .10% over quoted rate
$499,999.99 - $999,999.99 = .10% over quoted rate
$1,000,000.00 and over = .10% over quoted rate

IRA Account

Rates are the same as for regular certificates of deposit. No IRA accounts are opened for a period of less than 12 months.

Interest Bearing Checking

0.05% / 0.05% APY

Statement Savings Interest

0.05% / 0.05% APY
$0 - $199.99 = $1.00 per month maintenance fee.

Money Market Accounts

$0 - $24,999.99 = .05% / .05% APY
$25,000.00 - $49,999.99 = .10% / .10% APY
$50,000.00 - $99,999.99 = .15% / .15% APY
$100,000.00 and up = .20% /.20% APY

$0 to $999.99 = $8.50 per month maintenance fee
Daily interest on collected balances paid monthly.
Daily interest not paid when balance falls below $1,000.00.

*Rates subject to change at anytime

FDIC - Member Federal Deposit Insurance Corporation
Each depositor insured to at least $250,000