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$10 |
$2.00 |
$100 |
$50,000* |
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
The Facts:
- Competitive Interest Rate
- 24 Hour Tele-Banker convenience
- Only $10.00 required to open account
- $100.00 minimum balance to earn interest and avoid monthly maintenance fee of $2.00
- Limit of four (4) withdrawals/transfers per month ($10 fee per withdrawal over four)
- Deposits are insured by the FDIC
*If balance falls below $50,000, interest rate reverts to Statement Savings Account rate
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$10 |
$2.00 |
$100 |
$100 |
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.
The Facts:
- Competitive Interest Rate
- $100.00 minimum 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
- Deposits are insured by the FDIC
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| Click-It Online Youth Savings |
More» |
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$10 |
N/A |
N/A |
$100 |
A Statement Savings program for youth under the age of 18, with Online Banking and ATM card capabilities.
The Facts:
- ATM Card Available
- Online banking for internet savvy students
- Minimum daily balance required to earn interest is $100.00
- No monthly maintenance fee
- Monthly statement is provided
- Deposits are insured by the FDIC
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| Skipper Club Children's Savings |
More» |
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$10 |
N/A |
N/A |
$10 |
A Savings incentive program for young children.
The Facts:
- Passbook provided for account record keeping
- Children receive special passbook cover, quarter saver and zipper bag at account opening
- Interest is compounded monthly; No monthly maintenance fee
- Variable rate account; interest rate and annual percentage yield may change
- Only $10.00 required to open the account; $10.00 minimum balance required to earn interest
- Deposits are insured by the FDIC
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| Certificates of Deposit |
More» |
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$500 |
N/A |
N/A |
$500 |
CDs are for people who want a high rate of interest, the security of a guaranteed rate and a fixed term on their deposit.
The Facts:
- 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
- Deposits insured by the FDIC
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.
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| Health Savings Account |
More» |
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$10 |
N/A |
N/A |
$10 |
For individuals who want to save for current and future medical expenses while enrolled in a high deductible health plan.
The Facts:
- 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
- Bank deposits insured by the FDIC
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$500 |
N/A |
N/A |
$500 |
For people under the age of 70 1/2 who want a retirement savings program with the added tax benefits allowed by law.
The Facts:
- Interest earned is tax deferred until the time you withdraw it for retirement; then you are usually in a much lower tax bracket
- Self directed IRA account that offers a menu of investment options that best suit individual investment needs: stocks, bonds, mutual funds, certificates of deposit, all offered through Lake Sunapee Bank and Lake Sunapee Financial Services
- 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
- Bank deposits insured by the FDIC
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