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Statement Savings |
Money Market |
Premium Money Market |
T.A.D.S. |
Student Savings |
Account
Designed For |
Statement Savings is a basic FDIC-insured savings account that is great for all savers. |
An LSB Money Market Deposit Account is an excellent short-term investment and savings tool! It offers a tiered rate structure and the protections of FDIC insurance. |
LSB's Premium Money Market Deposit Account offers added benefits and pays higher interest for those who keep a premium checking account and deposit balances at LSB in excess of $10,000! |
T.A.D.S. (Totally Awesome Dollar Saving) Kids Club is just for kids age 12 & under. T.A.D.S. members set savings goals and earn exciting gifts for reaching goals. |
LSB's Student Savings Account is designed for students between the ages of 12 to 21 that are attending school. Students can continue their responsible savings habits with an account that is designed for their needs! |
Minimum Amount
To Open |
$100 |
$1,000 |
$1,000 |
$5.00 |
$5.00 |
| Average Collected Daily Balance |
A minimum collected daily balance of $0.01 is required to obtain the disclosed annual percentage yield.** |
A minimum collected daily balance of $0.01 is required to obtain the disclosed annual percentage yield.** |
A minimum collected daily balance of $10,000 is required to obtain the disclosed annual percentage yield. |
A minimum collected daily balance of $0.01 is required to obtain the disclosed annual percentage yield. |
A minimum collected daily balance of $0.01 is required to obtain the disclosed annual percentage yield. |
| Interest Computation |
Interest compounded on a daily basis and credited to the account semi-annually (Last day of May and November) |
Interest will be compounded on a monthly basis. Interest will be credited to your account every statement cycle. The period we use is the monthly statement cycle. |
Interest payment is based on the daily balance method. This method applies a daily periodic rate to the balance in the account each day. |
Interest payment is based on the daily balance method. This method applies a daily periodic rate to the balance in the account each day. Interest will be compounded and credited to the account semi-annually. |
Interest payment is based on the daily balance method. This method applies a daily periodic rate to the balance in the account each day. Interest will be compounded and credited to the account semi-annually. |
| Monthly Service Charges |
$2.50 monthly maintenance fee is waived if a $250.00 average collected daily balance is maintained for the month |
$1.00 withdrawal fee per debit in excess of three (3) per statement cycle. |
$15.00 maintenance fee if average collected daily balance** for the monthly cycle falls below $25,000.00. $1.00 withdrawal fee per debit in excess of three (3) per statement cycle. |
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$2.50 monthly maintenance fee is waived if a $250.00 average collected daily balance is maintained for the month. |
| Statements |
Statements are mailed semi-annually. If an account has an ATM or Debit card, statements will be monthly. |
Imaged statements are mailed monthly. |
Imaged statements are mailed monthly. |
Statements are mailed quarterly unless there is a qualifying electronic transaction to the account. |
Statements are mailed semi-annually. If an account has an ATM or Debit card, statements will be monthly. |
| Transactions |
Transfers from a Statement Savings account to another account or to third parties by pre-authorized, automatic, or telephone transfers are limited to six (6) per cycle with none by check, draft, debit card or similar order to third parties. |
Transfers from a Money Market Account to another account, or to third parties by pre-authorized, automatic or telephone transfers are limited to six (6) per statement cycle with no more than three (3) by check, draft, debit card or similar order to third parties |
Transfers from a Premium Money Market Deposit Account to another account or to third parties by preauthorized, automatic, or telephone transfer are limited to six (6) per statement cycle with no more than three (3) by check, draft, debit card or similar order or third parties. |
Transfers from a T.A.D.S. Saving's account to another account or to third parties by pre-authorized,
automatic, or telephone transfer are limited to six (6) per cycle with none by check, draft, debit card or
similar order to third parties. |
Transfers from a Student Savings account to another account or to third parties by pre-authorized, automatic, or telephone transfers are limited to six per cycle with none by check, draft, debit card or similar order to third parties. |
| Additional Information |
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Must have a premium checking account relationship with LSB (55 Plus, NOW, Presidential, Relationship, Workplace checking or Business checking) to qualify for this account. |
Parent or guardian signature required to open a T.A.D.S. Kids Club Account. No account will be opened without a Social Security number. |
Anyone under the age of 18 must have an adult listed on the account. |
*The interest rate and annual percentage yield on this account may change at any time based on the bank's discretion.
**The average collected daily balance is calculated by adding the collected balance in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is the monthly statement cycle. |