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Savings, CDs & IRAs

We offer different account types to fit your needs, as well as a variety of additional services.

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Minimum Balance To Open Monthly Service Charge Balance To Avoid Service Charge Minimum Balance To Earn Interest

Advantage Savings

More» $10 $2.00 $100 $50,000*

Advantage Savings

For people who wish to keep their funds liquid, not tie them up in a time deposit such as a Certificate of Deposit, while earning an interest rate that is higher than a money market account, statement savings account and some CDs

  • Competitive Interest Rate
  • 24 Hour Tele-Banker convenience
  • Only $10.00 required to open account
  • Limit of four (4) withdrawals/transfers per month ($10 fee per withdrawal over four)

*$50,000 minimum daily balance to earn published rate. If balance falls below $50,000, interest rate reverts to Statement Savings Account rate. Balance below $1000.00 does not accrue interest.
 

Statement Savings

More» $10 $2.00 $100 $100

Statement Savings

For people who want to earn interest in a savings account, receive a monthly printed statement and have the ability to access their account online.

  • Competitive Interest Rate
  • $100.00 average daily balance to earn interest and avoid monthly maintenance fee of $2.00
  • ATM Card available
  • 24 Hour Tele-Banker convenience
  • Only $10.00 required to open account

eSavings

More» $10 $2.00 $25 $100

eSavings

eSavings is an all-electronic savings account with Online Banking, BillPay, eStatement, and ATM card capabilities. Save time managing your accounts and enjoy better security over your financial information.

  • Interest-bearing
  • Free Online Banking
  • Free 24-Hour Telephone Banking
  • Free electronic monthly statements
  • $10.00 surcharge per month will be assessed for paper statements
  • ATM Card Available
  • Interest is compounded monthly
  • Variable rate account; interest rate and annual percentage yield may change
  • Only $10.00 required to open the account
  • $25.00 average daily balance to avoid $2.00 monthly maintenance fee

Certificates of Deposit

More» $500 N/A N/A $500

Certificates of Deposit

CDs are for people who want a high rate of interest, the security of a guaranteed rate and a fixed term on their deposit.
  • Several terms available
  • High interest rate that is guaranteed for term of certificate
  • Security of knowing your interest is insured, with a guaranteed and known return
  • Interest is compounded monthly
  • Interest is credited to the account the first day of each month
  • Early withdrawal penalties do apply
  • No deposits or withdrawals of principal allowed; interest may be withdrawn
  • $500 required to open the account

CD Enhancements
A simple new way to grow your money even faster. Now you don't have to buy a new Certificate of Deposit whenever you have extra funds you'd like to invest. Buy a Lake Sunapee Bank Add-On CD (1-year or shorter term) and deposit additional funds whenever you wish. The only requirement is that each additional deposit be at least $250. Interest rate and other terms not effected. Start your own automatic CD Savings Program. Simply have any amount you select (over $250.00) automatically transferred to your CD account from any LSB account, or have that monthly check directly deposited to your CD.

Withdrawal of interest may reduce earnings.
 

Health Savings Account

More» $10 N/A N/A $10

Health Savings Account

For individuals who want to save for current and future medical expenses while enrolled in a high deductible health plan.

  • Save for medical expenses you incur today and in the future
  • Accounts are portable even if you change jobs, change medical coverage, move etc
  • Competitive interest rate
  • First order of checks free
  • Debit card available
  • Contributions are fully tax-deductible
  • Tax free earnings
  • Tax free withdrawals
  • Money contributed rolls from year to year

IRA

More» $500 N/A N/A $500

IRA

For people under the age of 70 1/2 who want a retirement savings program with the added tax benefits allowed by law.

  • Several IRA types to choose from: Traditional IRA, Roth IRA, Education IRA, SEP IRA
  • Interest earned is tax deferred until the time you withdraw it for retirement; then you are usually in a much lower tax bracket
  • IRA deposit may be tax deductible; see IRA brochure or consult your tax advisor
  • No fees for either distributions or transfers
  • Year-end statement keeps you abreast of your investment's value

Money Market

More» $100 $5.00* $1,000 $1,000

Money Market

For people who want to earn market rates on a limited demand account while maintaining a higher balance.

  • Higher paying interest rate on a demand account
  • 6 monthly transfers allowed
  • Free VISA Check/ATM card; unlimited ATM transactions
  • Checks imaged monthly with easy to read statement
  • Only $100.00 required to open account

* $5.00 monthly charge if combined balance drops below $1000. Fees may reduce earnings.



Lori and Gary Lambert