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current rates and annual percentage yields
Effective as of May 12, 2008
Please contact a personal banker about our preferred pricing for
Lake Elmo Bank customers
651.777.8365
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| Savings Certificates/IRAs (Interest Compounded Quarterly) |
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Amount
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Term
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Interest
Rate |
APY
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| $1,000 Minimum - $24,999 |
3 months |
2.03% |
2.05% |
| 6 months |
2.18% |
2.20% |
| 12 months |
2.23% |
2.25% |
| 18 months |
2.28% |
2.30% |
| 24 months |
2.38% |
2.40% |
| 30 months |
2.38% |
2.40% |
| 36 months |
2.62% |
2.65% |
| 48 months |
2.72% |
2.75% |
| 60 months |
2.92% |
2.95% |
| $25,000 Minimum & Over |
3 months |
2.13% |
2.15% |
| 6 months |
2.28% |
2.30% |
| 12 months |
2.33% |
2.35% |
| 18 months |
2.38% |
2.40% |
| 24 months |
2.48% |
2.50% |
| 30 months |
2.48% |
2.50% |
| 36 months |
2.72% |
2.75% |
| 48 months |
2.82% |
2.85% |
| 60 months |
3.02% |
3.05% |
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Add-vantage CD (Interest Credited at Maturity)
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| Type |
Amount |
Interest
Rate |
APY
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| 9 Month CD |
$1,000 Minimum - $24,999 |
2.29% |
2.30% |
| $25,000 & Over |
2.39% |
2.40% |
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| Specials |
| Type |
Amount |
Interest
Rate |
APY |
| 24 Month Step-Up CD* |
$1,000 Minimum - $24,999 |
2.18% |
2.20% |
| $25,000 & Over |
2.28% |
2.30% |
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Rates are subject to change and early withdrawal penalties may apply. Fees may reduce earnings. Please see account disclosure for individual charges and fees.
Substantial penalty for early withdrawal.
Equivalent of 3 months interest loss on CDs 3 months through 11 months.
Equivalent of 6 months interest loss on CDs 12 months and over.
*New Certificates of Deposit have a one-time Step-Up feature during the original term.
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A minimum of $100 is required to open all checking and savings accounts unless stated otherwise.
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Savings/Money Markets
(Interest Compounded Monthly or Quarterly using an accrual basis of 365 for each day in the year)
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| Type |
Amount |
Interest
Rate |
APY |
| Money Market Savings (Compounded Monthly) |
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$1,000 Minimum1
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$100,000.00 + |
2.08% |
2.10% |
| $99,999.99 - $50,000.00 |
1.88% |
1.90% |
| $49,999.99 - $25,000.00 |
1.69% |
1.70% |
| $24,999.99 - $10,000.00 |
.80% |
.80% |
| $1,000.00 - $9,999.99 |
.40%
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.40% |
| Up to $999.99 |
.30%
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.30%
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Traditional, Youth & Custodial Savings* (Compounded Quarterly)
$200 Minimum1 |
All Balances |
.30% |
.30% |
Christmas Club (Compounded Quarterly)
No minimum to open |
All Balances |
.30% |
.30% |
Thrift Savings (Compounded Quarterly)
$50 minimum opening deposit
$50 minimum average ledger balance1 |
$100.00 + |
.20% |
.20% |
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| *Minimum balance and minimum opening deposit waived for children until the age of 18. On the minor's 18th birthday, this account automatically becomes subject to the monthly service fees of the Traditional Savings account. |
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Interest Bearing Checking
(Interest Compounded Monthly using an accrual basis of 365 for each day in the year)
| Type |
Amount |
Interest
Rate |
APY
|
Integrity
$25,000 Average Ledger Balance |
$25,000.00+ |
1.36% |
1.37% |
| $.01 - $24,999.99 |
.30% |
.30% |
Relationship
$5,000 Combined Deposits1 |
All Balances |
.30% |
.30% |
Interest
$500 Minimum Balance1 |
All Balances |
.25% |
.25% |
Benefit3
No minimum to open |
All Balances |
.25% |
.25% |
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Health Savings Account (H.S.A.)4
No Minimum to open
$250 daily minimum Balance1
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$100,000.00 - $499,999.00 |
2.08% |
2.10% |
| $50,000.00 - $99,999.99 |
1.88% |
1.90% |
| $25,000.00 - $49,999.99 |
1.69% |
1.70% |
| $10,000.00 - $24,999.99 |
.80% |
.80% |
| $1,000.00 - $9,999.99 |
.40%
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.40% |
| Up to $999.99 |
.30%
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.30%
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1. To avoid below balance monthly charge
2. If average balance is not maintained, account will be reclassified and you will be notified with appropriate disclosure and effective date.
3. Available to employees of qualified business customers.
4. Available to individuals with qualified High Deductible Health Plan (HDHP)
Fees may reduce earnings. Rates may change after the account is opened. Please see account disclosure for individual charges and fees.
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current loan rates and annual percentage rates
Effective as of April 30, 2008
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| Automobiles - Trucks (Down payment of 20% may be required) |
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Model
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Term
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Interest
Rate
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APR
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Payment
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| 2008 - 2007 (New) |
72 months |
6.95% |
7.037%
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$170.70 |
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60 months |
6.45% |
6.552% |
$195.94 |
| 2007 - 2004 (Used) |
48 months |
6.95% |
7.075% |
$239.86 |
| 2003 - 2001 |
36 months |
7.95% |
8.114% |
$313.96 |
| 2000 - Older |
24 months |
10.95% |
11.187% |
$467.09 |
| With LEB checking account or auto deduct from LEB account. Monthly payment and APR based on a $10,000 loan plus a $25.00 processing fee. |
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| Motorcycles (Down payment of 30% may be required) |
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Model
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Term
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Interest
Rate
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APR
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Payment
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| 2008 - 2007 (New) |
48 months |
11.45% |
11.582% |
$261.29 |
| 2007 - Older (Used) |
36 months |
12.45% |
12.620% |
$335.11 |
| With LEB checking account or auto deduct from LEB account. Monthly payment and APR based on a $10,000 loan plus a $25.00 processing fee. |
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| Snowmobile - ATV Loans (Down payment of 30% may be required) |
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Model
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Term
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Interest
Rate
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APR
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Payment
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| 2008 - 2007 (New) |
36 months |
11.45% |
11.620% |
$330.33 |
| 2007 - Older (Used) |
24 months |
12.45% |
12.689% |
$473.96 |
| With LEB checking account or auto deduct from LEB account. Monthly payment and APR based on a $10,000 loan plus a $25.00 processing fee. |
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| Boats (27' or less), Motors, Trailers |
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Model
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Term
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Interest
Rate
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APR
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Payment
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| 2008 - 2007 (New) |
48 months |
10.95% |
11.081% |
$258.85 |
| 2007 - Older (Used) |
36 months |
11.95% |
12.119% |
$332.71 |
| With LEB checking account or auto deduct from LEB account. Monthly payment and APR based on a $10,000 loan plus a $25.00 processing fee. Downpayment of 25% may be required. |
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| Home Equity Installment Loan4 |
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Term
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Interest
Rate1 |
APR2 |
Payment3
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| 5 years |
5.95% |
5.948% |
$193.12 |
| 10 years |
6.45% |
6.451% |
$113.32 |
| 5 yr/20 yr amortization |
6.45% |
6.452% |
$74.27 |
| 10 yr/20 yr amortization |
6.95% |
6.953% |
$77.26 |
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1 With LEB Checking account or auto deduct from LEB account.
2 Monthly payment and APR based on a $10,000 loan plus a $25.00 processing fee.
3 Monthly payment based on a $10,000 loan.
4 No closing costs for loans of $100,000 or less. Rates and closing costs based on 80% loan-to-value (LTV) or less. Insurance may be required. For assistance in calculating your LTV please contact a personal banker. Home Equity loans may be available for up to 100% LTV.
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| Home Equity Line of Credit |
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Product
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Interest
Rate |
Maximum APR |
| 5 year fixed7 |
6.45% |
6.45% |
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10 year variable5
|
Prime + 0% variable |
12.95% |
| 10 year variable6 |
Prime + .50% variable |
12.95% |
| 10 year fixed8 |
6.95% |
6.95% |
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5 No closing costs for loans of $50,000 or less. Insurance may be required. Rates and closing costs based on 70% loan-to-value (LTV)or less.Current rate based on Wall Street Prime Rate of 5.00% plus .0%, current APR 5.00%, rate is subject to change. Initial rate will vary based on LTV. Home Equity Lines may be available for up to 100% LTV. For assistance in calculating your LTV please contact a personal banker.
6 No closing costs for loans of $50,000 or less. Insurance may be required. Rates and closing costs based on 80% loan-to-value (LTV) or less. Current rate based on Wall Street Prime Rate of 5.00% plus .50%, current APR 5.50%, rate is subject to change. Initial rate will vary based on LTV. Home Equity Lines may be available for up to 100% LTV. For assistance in calculating your LTV please contact a personal banker.
7No closing costs for loans of $100,000 or less. Insurance may be required. Maximum loan amount $100,000 and maximum loan-to-value (LTV) 80%. Rates and closing costs based on 80% LTV. Lake Elmo Bank deposit account required. For assistance in calculating your LTV please contact a personal banker.
8No closing for loans of $50,000 or less. Insurance may be required. Maximum loan amount $50,000 and maximum LTV 80%. Rates and closing costs based on 80% LTV. For assistance in calculating your LTV please contact a personal banker.
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