|
|
Savings Accounts: Rates and APYs
For the latest terrific rates on CDs, please visit or call
your local Lake
Shore Savings branch.
|
|
Christmas Club
|
|
Annual Percentage Yield (APY)
|
1.000%
|
|
Balance to Earn Minimum APY
|
$10.00
|
|
Minimum to Open Account
|
$10.00
|
|
Interest Rate
|
1.000%
|
|
Compounding Method
|
Daily
|
|
|
Passbook Savings
|
|
Annual Percentage Yield (APY)
|
0.500%
|
|
Balance to Earn Minimum APY
|
$10.00
|
|
Minimum to Open Account
|
$10.00
|
|
Interest Rate
|
0.500%
|
|
Compounding Method
|
Daily
|
|
|
Statement Savings
|
|
Annual Percentage Yield (APY)
|
0.500%
|
|
Balance to Earn Minimum APY
|
$10.00
|
|
Minimum to Open Account
|
$10.00
|
|
Interest Rate
|
0.500%
|
|
Compounding Method
|
Daily
|
|
|
18 Month IRA
|
|
Annual Percentage Yield (APY)
|
3.000%
|
|
Balance to Earn Minimum APY
|
$500.00
|
|
Minimum to Open Account
|
$500.00
|
|
Interest Rate
|
2.960%
|
|
Compounding Method
|
Daily
|
SPECIAL
CD RATES- Checking Account Required
|
|
18 Month
|
2 Year
|
3 Year
|
|
Annual Percentage Yield (APY)
|
3.750%
|
3.500%
|
4.250%
|
|
Balance to Earn Minimum APY
|
$500.00
|
$500.00
|
$500.00
|
|
Minimum to Open Account
|
$500.00
|
$500.00
|
$500.00
|
|
New or Existing Checking Account
Minimum Balance- Must be maintained for entire term of CD
|
$500
|
$500
|
$500
|
|
Interest Rate
|
3.680%
|
3.440%
|
4.160%
|
|
Compounding Method
|
Daily
|
Daily
|
Daily
|
STANDARD RATES
|
|
3 Months
|
6 Months
|
12 Months
|
13 Months
|
18 Months
|
|
Annual Percentage Yield (APY)
|
2.400%
|
2.500%
|
2.750%
|
3.500%
|
3.500%
|
|
Balance to Earn Minimum APY
|
$500.00
|
$500.00
|
$500.00
|
$500.00
|
$500.00
|
|
Minimum to Open Account
|
$500.00
|
$500.00
|
$500.00
|
$500.00
|
$500.00
|
|
Interest Rate
|
2.370%
|
2.470%
|
2.710%
|
3.440%
|
3.440%
|
|
Compounding Method
|
Daily
|
Daily
|
Daily
|
Daily
|
Daily
|
|
|
2 Year
|
3 Year
|
4 Year
|
5 Year
|
|
Annual Percentage Yield (APY)
|
3.250%
|
4.000%
|
4.000%
|
3.500%
|
|
Balance to Earn Minimum APY
|
$500.00
|
$500.00
|
$500.00
|
$500.00
|
|
Minimum to Open Account
|
$500.00
|
$500.00
|
$500.00
|
$500.00
|
|
Interest Rate
|
3.200%
|
3.920%
|
3.920%
|
3.440%
|
|
Compounding Method
|
Daily
|
Daily
|
Daily
|
Daily
|
All APYs and Rates are accurate
as of July 7, 2008 and are subject to change without notice. Any Annual
Percentage Yeild (APY) provided in this disclosure
assumes interest will remain on deposit until maturity, for accounts with
terms, or for at least one year, for accounts with no terms. Fees and
withdrawals will reduce earnings. Early withdrawal penalties may apply for
CDs. Fixed rates for accounts with no specific maturities are in effect for
30 days from the effective date disclosed above. Fixed rates for accounts
with specific maturities are in effect until maturity. Rates for variable
rate accounts are in effect through the effective period disclosed above. See
your account disclosures for additional information about your account.
Current rate information can be obtained by calling any of our offices.
|
|
