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Certificate of Deposit Rate Sheet
Lafayette State Bank
Rates Last Updated on: Monday, May 13, 2013
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| Account Product |
Minimum Opening
Deposit |
Interest Rate |
Annual Percentage
Yield (APY) |
| 90-179 Day CD |
$1,000.00 |
0.07% |
0.07% |
| 180-364 Day CD |
$1,000.00 |
0.10% |
0.10% |
| 365 Day CD |
$1,000.00 |
0.20% |
0.20% |
| 18 Month Variable CD* |
$250.00 |
0.30% |
0.30% |
| 18 Month CD |
$1,000.00 |
0.30% |
0.30% |
| 2 Year CD |
$1,000.00 |
0.40% |
0.40% |
| 3 Year CD |
$1,000.00 |
0.50% |
0.50% |
| 4 Year CD |
$1,000.00 |
0.60% |
0.60% |
| 5 Year CD |
$1,000.00 |
0.75% |
0.75% |
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| * The interest rate and annual percentage yield may change after account opening. |
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Time Deposits (Certificate of Deposits). If your Account is a time deposit, you have agreed to keep
the funds on deposit until the maturity of your Account. If your Account has not matured, any
withdrawal of all or part of the funds from your Account may result in an early withdrawal penalty.
We will consider request for early withdrawal and, if granted, the penalty provided in the Schedule
will apply. (A) Penalty. The early withdrawal penalty is calculated as a forfeiture of part of the
accrued interest that has or would be earned on the Account. If your Account has not yet earned enough
interest so that the penalty can be deducted from earned interest, or if the interest already has been
paid, the difference will be deducted from the principle amount of your Account. For fixed rate
Accounts, we will use the rate in effect for your deposit. (B) Exceptions. We may let you withdrawal
money from your Account before the maturity date without an early withdrawal penalty: (1) when one
more of you dies or is determined legally incompetent by a court or other administrative body of
competent jurisdiction; or (2) when the Account is an Individual Retirement Account (IRA) established
in accordance with 26 USC 408 and the money is paid within seven (7) days after the Account is opened;
or (3) when the account is a KEOGH Plan (KEOGH), if you forfeit at least the interest earned on the
withdrawn funds; or (4) if the time deposit is an IRA or KEOGH Plan established pursuant to 26 USC
408 or 26 USC 401, when you reach 59 ½ or become disabled; or (5) within an applicable grace period
(if any).
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Lafayette State Bank
Independently Owned and Operated
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