Find the Account That's Right for You!
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Health Savings Account |
Personal Money market Account |
Personal Statement Savings |
Smart Start Savings |
Holiday Club Savings |
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Minimum Opening Deposit |
$50 |
$50 |
$50 |
$10 |
$50 |
Earn Interest |
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Minimum Daily Balance Requirement to avoid monthly service charge |
$0 |
$2,500 |
$300 |
$0 |
$0 |
Periodic service charge |
$0 per month |
$12.00 per month |
$8.00 per quarter - waived for those under age 18 until their 18th birthday |
$0 per quarter |
$0 per month |
Paper Statement Option |
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E-Statement Option |
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Debit Card Daily Purchase Limit |
$2,500 |
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Debit Card Daily ATM Limit |
$510 |
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Presto Fee Free ATMs |
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Online Banking |
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Mobile Banking |
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Mobile Deposit |
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Zelle |
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For full details on the accounts listed below, refer to the full Account Agreement and Truth in Savings Disclosure that includes our Rate and Fee Schedule.
Personal Money Market Account
Designed to grow your savings with flexibility
This is an interest-bearing account. $50.00 minimum opening deposit.
No monthly service charge when you maintain a minimum daily balance of $2,500.00, otherwise, the service charge is $12.00 per month.
Subject to transaction limitations. Fees may apply if you exceed the allowable six (6) withdrawals during a statement cycle.
Complimentary E-statement or paper statement
Personal Statement Savings
Designed to help you start your savings journey
This is an interest-bearing account.
$50.00 minimum opening deposit.
No quarterly service charge when you maintain a minimum daily balance of $300.00, otherwise, the service charge is $8.00 per quarter.
The quarterly service charge is waived for those under age 18 until their 18th birthday.
Subject to transaction limitations. Fees may apply if you exceed the allowable six (6) withdrawals during a statement cycle.
Complimentary E-statement or paper statement
Smart Start Savings
Designed for those under age 18
This is an interest-bearing account.
$10.00 minimum opening deposit. Lafayette State Bank will match the opening cash deposit up to $10.00 at time of opening deposit.
The minor will receive a $5.00 birthday coupon each year redeemable only by presenting the coupon at Lafayette State Bank for a $5.00 deposit into the minor's Smart Start Savings account. The coupon has no cash value and cannot be redeemed for cash.
No quarterly service charge.
No minimum daily balance requirement.
Subject to transaction limitations. Fees may apply if you exceed the allowable six (6) withdrawals during a statement cycle.
Complimentary E-statement or paper statement.
Holiday Club Savings Account
Designed to help you meet your personal savings goal
This is an interest-bearing account.
$50.00 minimum opening deposit.
No monthly service charge.
No minimum daily balance requirement.
No interim withdrawals allowed. A request for an early withdrawal will require the account to be closed and a forfeiture of all accrued interest.
Funds will be distributed on or around November 1st of each year.
Health Savings Account (HSA)
Designed for those who want to prepare for their financial wellness needs
We offer both individual and family accounts.
This is a interest bearing account.
$50.00 minimum opening deposit.
No monthly service charge.
No minimum daily balance requirement.
Complimentary E-statement or paper statement.
Certificates of Deposit
Designed to secure your savings with guaranteed growth
This is an interest-bearing account.
$1,000.00 minimum opening deposit.
Investment terms are offered ranging from 30 days to 5 years.
You may not make additional deposits to the account during the term.
Early withdrawal penalties apply.
Individual Retirement Account (IRA)
Designed to plan for tomorrow and secure your future
This is a interest bearing account.
$1,000.00 minimum opening deposit.
Investment terms are offered ranging from 30 days to 5 years.
You may make additional deposits to the account during the term.
Early withdrawal penalties may apply