Investment Product Disclosure

~ LSB reserves the right to require, at any time, not less than seven days notice in writing before each withdrawal from an interest bearing account, other than a time deposit, or from any other savings account as defined by Regulation D.

* Interest payment is based on the daily balance method. This method applies a daily periodic rate to the balance in the account each day. The interest rate and the annual percentage yield on the 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.

Transfers from any savings to another account or to third parties by pre-authorized, automatic, or telephone transfer are limited to six per cycle with none by check, draft, debit card or similar order to third parties.

Accrual of Interest on Non-Cash Deposits
Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks).