Lincoln Savings Bank (LSB) has always taken pride in providing competitive rates on CDs. We offer a variety of terms to fit your time-frame and financial goals. Visit our Rates and Specials page for our current CD specials.
Your CD monies with LSB are FDIC insured up to $250,000. If you should require FDIC insurance for amounts greater than $250,000, LSB is part of an elite group of community banks who participate in a program called Certificate of Deposit Account Registry Service (CDARS). CDARS provides FDIC protection on your CD money with LSB for amounts up to $50 Million. Your CD monies in excess of $100,000 will be placed in network institutions, providing several benefits to you!
- The Safety and Security of FDIC insurance protection on all your CD money
- A consolidated monthly statement
- A single 1099 at year end
- The same outstanding CD rates that you have come to expect from LSB
Learn more about the CDARS program by visiting one of the video links below:
Quicktime Version: Click here to view the How CDARS Works Video
Windows Media File: Click here to view the How CDARS Works Video
What is a Certificate of Deposit (CD)?
A CD is a savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate and can be issued in any denomination. CDs are insured by the FDIC.