Solutions to Give You the Financial Flexibility You Need

Look to Lake Shore Savings for competitive rates and professional guidance to help you find the best products for your needs. If you’re not sure which options are right for you, or if you have questions, please call or stop in to your local Lake Shore Savings branch. We’ll be happy to help you determine the loan or account that best fits your financial needs.

Mortgage

Fixed rate as low as

4.45

Adjustable rates are also available starting
at 4.29%. See below for details.

Home Equity Line of Credit

12-month introductory rate

3.25

Looking for a lump-sum loan? We also offer
Home Equity loans. See below for details.

Savings

LS ADVANTAGE Money Market Savings rates as high as

2.00

NO limit on balance size to earn interest.

Whether you’re buying a new home or refinancing, Lake Shore Savings is committed to helping you find the loan that’s right for you. Take a look at our current mortgage rates:

10-Year Term: Conforming Rate 4.125%, APR 4.446%
15-Year Term: Conforming Rate 4.250%, APR 4.474%
20-Year Term: Conforming Rate 4.500%, APR 4.676%
30-Year Term: Conforming Rate 4.650%, APR 4.780%

APRs are based on $100,000 loan amount and 20% down payment. Rates are subject to change without notice, and are based on credit score and loan to value. Please ask for details. Lock-In Fee of $500 is to be collected at time of application if customer desires to lock in rate. Biweekly loans must be set up on auto-pay (no construction or escrow funds). Construction loans use non-conforming rate. Loans over the conforming limits for qualified applicants are considered using non-conforming rates using the following: $453,100 (1 family), $580,150 (2 family), $701,250 (3 family) and $871,450 (4 family). Must be owner-occupied for conforming rate. All APRs and Rates are accurate as of November 15, 2018, and are subject to change without notice.

We also offer No Closing Cost Mortgages on Purchases or Refinances. Call or visit your local branch for details.

1 Year Adjustable Rate Mortgage (ARM)

Rate adjusts annually based on the weekly average yield on US Treasury securities adjusted to a constant maturity of one year as made available by the Federal Reserve Board. 2% interest rate cap at each interest rate adjustment period. Life of loan cap = original rate + 6%. Floor rate 4.25%. Margin used is 2.25%. Minimum down payment required of purchases is 5%. PMI insurance required if LTV > 80%.

5/1 Adjustable Rate Mortgage (ARM)

30 Year Term, Rate 3.750%, APR 4.645%
Rate is fixed for first five years, then adjusts annually thereafter based on weekly average yield on U.S. Treasury securities to a constant of one year as made available by the Federal Reserve Board. 2.00% interest rate cap at each interest rate adjustment period. Life of loan cap +/-6.00%, Floor 4.25%. Minimum down payment required for purchases is 5.00%. PMI insurance required if LTV > 80.00%. Title insurance required. Escrow required on LTV > 80.00%. Margin used is 2.25%. Rate is subject to increase over the life of the loan. Refer to product disclosure for additional information. All APRs and rates are accurate as of October 22,2018, and are subject to change without notice.

7/1 Adjustable Rate Mortgage (ARM)

30 Year Term, Rate 4.000%, APR 4.645%
Rate is fixed for first seven years, then adjusts annually thereafter based on weekly average yield on U.S. Treasury securities to a constant of one year as made available by the Federal Reserve Board. After the seventh year, the rate converts to annually thereafter. 5.00% interest rate cap at first interest rate adjustment and 2.00% thereafter. Life of loan cap +/-6.00%, Floor 4.50%. Minimum down payment required for purchases is 5.00%. PMI required if LTV > 80.00%. Title insurance required. Escrow required on LTV > 80.00%. Margin used 2.50%. Rate is subject to increase over the life of the loan. Refer to product disclosure for additional information. All APRs and rates are accurate as of October 22, 2018 and are subject to change without notice.

ALL RATES LISTED ARE SUBJECT TO CHANGE WITHOUT NOTICE.

If you’re not sure which loan is right for you, or if you have questions regarding any of our options, please call or stop in to your local Lake Shore Savings branch. Onsite loan specialists are available at every Lake Shore Savings branch.

To apply today for a mortgage, please click the link below to be taken to our online mortgage center.

Apply for a Mortgage Online

Borrowing against the equity you’ve built in your home provides the opportunity for you to consolidate debt, pay down expenses or just ensure that the money you need is there when you need it. Let us help you with our “All in One” Home Equity Loan, which can provide you with the flexibility of a home equity line of credit as well as term out options.

Stop in or call your local Lake Shore Savings branch, we’ll be happy to assist you!

To apply today for a home equity loan, please click the link below to be taken to our online application.

Whether you’re saving for a specific expense or building up your nest egg to prepare for the future, we have the right savings account to fit your needs.

Account APY Term
LS Express CD Earn 2.50% APY* with qualified
LS Checking Account**
(Earn 2.25% APY* without checking)
11 Months

*The Annual Percentage Yield (APY) is accurate as of 11/21/2018. Funds must not currently be on deposit with Lake Shore Savings Bank to be eligible to open. You must maintain a Qualified LS Checking Account to receive Premium Interest Rate. On the last day of each monthly interest payment cycle, we will determine whether your account will receive the Regular Interest Rate or the Premium Interest Rate during the upcoming monthly interest payment cycle. Offer subject to change without notice.

**Qualified LS Checking Account means an LS Ultimate checking account with a monthly direct deposit or an LS Plus checking account with a monthly direct deposit.

Account APY Term
LS Boost CD Earn 3.15% APY* with qualified
LS Checking Account**
(Earn 2.90% without checking)
30 Months

*The Annual Percentage Yield (APY) is accurate as of 11/21/2018. Funds must not currently be on deposit with Lake Shore Savings Bank to be eligible to open. You must maintain a Qualified LS Checking Account to receive Premium Interest Rate. On the last day of each monthly interest payment cycle, we will determine whether your account will receive the Regular Interest Rate or the Premium Interest Rate during the upcoming monthly interest payment cycle. Offer subject to change without notice.

**Qualified LS Checking Account means an LS Ultimate checking account with a monthly direct deposit or an LS Plus checking account with a monthly direct deposit.

Account APY Term
LS Advantage
Money Market
Earn 2.00% APY*** on savings balances
with a qualified LS Checking Account**
(NO limit on balance size to earn interest)
Unlimited

**Qualified LS Checking Account means an LS Ultimate checking account with a monthly direct deposit or an LS Plus checking account with a monthly direct deposit.

*** The Annual Percentage Yield (APY) is accurate as of 11/21/2018. Must maintain a Qualified LS Checking Account to receive Premium Interest Rate. On the last day of each monthly interest payment cycle, we will determine whether your account will receive the Regular Interest Rate or the Premium Interest Rate (both of which may change daily) during the upcoming monthly interest payment cycle. As of 11/21/2018, the Premium Interest Rate is 1.98% (2.00% APY). The regular interest rate is 0.03% (0.03% APY) when the account balance is $1-$24,999, 0.05% APY when the account balance is $25,000-$49,999, and 0.15% APY when the account balance is $50,000 or more. Minimum of $10,000 in funds not currently on deposit with Lake Shore Savings Bank is required to open account. You must maintain a $10,000 daily balance to avoid a $10.00 monthly service charge fee. No limit on balance size to earn interest. Fees and withdrawals will reduce earnings. Rates are variable. Offer subject to change without notice.

Minimum to open account is $10.00.

APY Interest Rate Minimum Balance to Earn APY
1.000% 1.000% $25,000 and up
0.750% 0.750% $5,000 up to $24,999
0.350% 0.350% $2,500 up to $4,999
0.100% 0.100% up to $2,500

All APYs and Rates are accurate as of July 7, 2017 and are subject to change without notice. Any Annual Percentage Yield (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.

For the latest rates on CDs, please visit or call your local Lake Shore Savings branch. Rates subject to change without notice.

The minimum to open an account and earn the minimum APY is $500.

Term APY Interest Rate
3-Month 0.100% 0.100%
6-Month 0.150% 0.150%
1-Year 0.350% 0.350%
15-Month 0.350% 0.350%
18-Month 0.400% 0.400%
30-Month 0.550% 0.550%
2-Year 0.500% 0.500%
3-Year 0.750% 0.750%
4-Year 1.300% 1.290%
5-Year 1.550% 1.540%