Lake Elmo Bank

business savings
We offer a variety of traditional savings products to meet your business needs. Our full-service Investment Department is available for alternative options. A minimum of $100 is required to open all savings accounts unless otherwise stated. Please refer to our Rate Chart for current interest rates.

money market savings
• Minimum balance of $1,000
• Below balance monthly charge of $10.00 and $.50 per withdrawal or debit in excess of three per month
• Tiered interest rates
• Free ATM transactions at any Lake Elmo Bank ATM location
• 8 Free ATM transactions per month at any non-Lake Elmo Bank ATM; additional at $.50 each
ATM surcharges may be assessed by non-Lake Elmo Bank ATMs
• Excess Reg D withdrawal fee may apply

Interest compounded monthly. 

traditional savingssm
• Minimum balance of $200
• Below balance monthly charge of $3.00 and $.50 per withdrawal or debit in excess of three per month
• Free ATM transactions at any Lake Elmo Bank ATM location
• 4 Free ATM transactions per month at any non-Lake Elmo Bank ATM; additional at $.50 each
ATM surcharges may be assessed by non-Lake Elmo Bank ATMs
• Excess Reg D withdrawal fee may apply

Interest compounded quarterly.

certificate of deposit
Choose a Certificate of Deposit that meets your term and balance needs. Higher interest rates available for balances over $25,000. See Rate Chart for specific details.

IRAs
Find out how one of our IRA products can work for you.
• Traditional
• Roth
• Education
• SEP (Simplified Employee Pension)

Click here for our miscellaneous fees.

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