Lake Elmo Bank

personal 
SAVINGS
We offer a variety of traditional savings products to meet your individual 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 $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.


TRADITIONAL SAVINGS
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  • 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 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.

THRIFT SAVINGS

  • $50 minimum opening deposit.
  • Minimum average balance of $50.
  • Below balance monthly charge of $5.00 and $1.00 per withdrawal or debit in excess of three per month.
  • Daily minimum balance of $100 required to earn interest.
  • Excess Reg D withdrawal fee may apply.

Interest compounded quarterly.

CHRISTMAS CLUB SAVINGS

  • Minimum opening deposit waived if a recurring AFT or ACH deposit is established.
  • Account limited to one annual withdrawal the first week of November. If more than one withdrawal is made a $5.00 fee will be charged for subsequent withdrawals.
  • 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 miscellaneous fees. 

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