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. e-statements are available upon enrollment - Requires online banking.

MONEY MARKET SAVINGS

  • Minimum balance of $1,000.
  • Below balance monthly charge of $10.00 and $1.00 per withdrawal or debit in excess of three per month.
  • Tiered interest rates.

ATM Fees

  • Free transactions at any Lake Elmo Bank (LEB) ATMs. 
  • No LEB fee for 8 non-LEB ATM transactions monthly; additional at $1.00 each.
      • ATM surcharges unrelated to our accounts may be assessed by out of network ATMs.
      • ATM/ISA, International Service Assessment fee may be charged.
  • Excess Reg D withdrawal fee may apply

Interest compounded monthly.

TRADITIONAL SAVINGSsm

  • Minimum balance of $200.
  • Below balance monthly charge of $5.00 and $1.00 per withdrawal or debit in excess of three per month.

ATM Fees

  • Free transactions at any Lake Elmo Bank (LEB) ATMs. 
  • No LEB fee for 4 non-LEB ATM transactions. monthly; additional at $1.00 each
      • ATM surcharges unrelated to our accounts may be assessed by out of network ATMs.
      • ATM/ISA, International Service Assessment fee may be charged.
  • Excess Reg D withdrawal fee may apply.

Interest compounded quarterly.

CERTIFICATES 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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