Personal Savings

Savings for individuals who want to earn competitive interest rates while saving.

• Our Kasasa Saver account pays 3.65% APY.* Click here for more information.
• Minor / Senior Savings for individuals who want an easy way to build savings. Keeping money in a Minor / Senior account, funds will always be here for that special purchase.
• Money Market for individuals who want convenient access to their savings account while earning money market rates.
• Certificate of Deposit for individuals who want a high fixed rate of return over a specified period of time.
• Individual Retirement for individuals who want competitive fixed rates for retirement savings accounts.
• CDARS® Program is a great solution for individuals, trustees, socially-motivated investors, CPAs, financial planners, and lawyers to keep large deposits safe.

*Rate may change after account is opened. APY is effective as of November 14, 2024.

Kasasa Saver

Open a free Kasasa Cash checking account and you’re eligible for a Kasasa Saver account.

• Earn 3.65% APY* on balances up to $100,000 when monthly Kasasa Cash requirements are met.**
• $100 minimum deposit to open an account.
• Kasasa Cash interest and ATM fee refunds are automatically swept into your Kasasa Savers account.
• No minimum balance to earn rewards.
• You may make six (6) transfers from your account each statement cycle, if by preauthorized or automatic transfer or telephone (including data transmission) agreement, order or instruction or by check, draft, debit card or similar order (including POS transactions), made by the depositor and payable to third parties. Transfers and withdrawals made in person, by messenger, by mail or at an ATM are unlimited.

**Interest Rate & Annual Percentage Yield: When your Kasasa Cash® account qualifications are met during a Monthly Qualification Cycle, Tier 1: An interest rate of 2.96% will be paid on the portion of your daily balance that is between $25,000.00 and $0.01. The non-compounding annual percentage yield* for this tier is 3.00%. Tier 2: An interest rate of 0.10% will be paid on the portion of your daily balance that is $25,000.01 or greater. The non-compounding annual percentage yield* for this tier will range from 3.00% to 0.68%, depending on the balance in your account.

2nd tier APY range is calculated assuming a maximum balance of $125,000.00 and blending the below cap rate with the above cap rate.

When your Kasasa Saver® Tier 1: An interest rate of 3.59% will be paid on the portion of your daily balance that is between $100,000.00 and $0.01. The annual percentage yield for this tier is 3.65%.
Tier 2: An interest rate of 0.10% will be paid on the portion of your daily balance that is $100,000.01 or greater. The annual percentage yield for this tier will range from 3.65% to 1.87%, depending on the balance in your account.

2nd tier APY range is calculated assuming a maximum balance of $200,000.00 and blending the below cap rate with the above cap rate.

When your Kasasa Cash® account qualifications are not met,
• Kasasa Cash®: the interest rate paid on the entire balance will be 0.02% with a non-compounding annual percentage yield* of 0.02%.and ATM fees are not refunded. Your interest rate and annual percentage yield may change, at our discretion, without notice to you.
• Kasasa Saver®: the interest rate paid on the entire balance will be 0.02% with an annual percentage yield of 0.02%. Your interest rate and annual percentage yield may change, at our discretion, without notice to you. If you have questions, visit our Board of Trade branch at 141 W. Jackson in Chicago. Or email us at, [email protected]. Or, write to us at, Lakeside Bank Information, PO Box 5899, Chicago, IL 60680 - 5899. Rates are effective February 6, 2025.

Savings

For individuals who want to earn competitive interest rates while saving.

• $500 minimum balance requirement ($15 quarterly fee if balance falls below requirement)
• Quarterly statement
• Competitive interest rates
• You may make six (6) transfers from your account each statement cycle, if by preauthorized or automatic transfer or telephone (including data transmission) agreement, order or instruction or by check, draft, debit card or similar order (including POS transactions), made by the depositor and payable to third parties. Transfers and withdrawals made in person, by messenger, by mail or at an ATM are unlimited.

Minor / Senior Savings

For individuals who want an easy way to build savings. Keeping money in a Minor / Senior account, funds will always be here for that special purchase.

• No minimum balance requirement
• No monthly service charge
• Competitive interest rates
• $25 to open the account
• Quarterly statement available
• You may make six (6) transfers from your account each statement cycle, if by preauthorized or automatic transfer or telephone (including data transmission) agreement, order or instruction or by check, draft, debit card or similar order (including POS transactions), made by the depositor and payable to third parties. Transfers and withdrawals made in person, by messenger, by mail or at an ATM are unlimited.

Money Market Checking

For individuals who want the convenience of writing checks while earning money market rates.

• $500 minimum balance requirement ($25 monthly fee if balance falls below requirement)
• Competitive tiered interest rates
• Higher rates for higher balances
• Monthly statement
• You may make six (6) transfers from your account each statement cycle, if by preauthorized or automatic transfer or telephone (including data transmission) agreement, order or instruction or by check, draft, debit card or similar order (including POS transactions), made by the depositor and payable to third parties. Transfers and withdrawals made in person, by messenger, by mail or at an ATM are unlimited.

Money Market Savings

• $2,500 minimum balance requirement ($25 monthly fee if balance falls below requirement)
• Competitive tiered interest rates
• Monthly statement
• You may make six (6) transfers from your account each statement cycle, if by preauthorized or automatic transfer or telephone (including data transmission) agreement, order or instruction or by check, draft, debit card or similar order (including POS transactions), made by the depositor and payable to third parties. Transfers and withdrawals made in person, by messenger, by mail or at an ATM are unlimited.

Individual Retirement

For individuals who want competitive fixed rates for retirement savings accounts.

• Competitive fixed or variable rate of return
• Variety of terms 1 to 5 years
• Available for Traditional and Roth IRAs
• Contributions to Traditional IRAs may be tax deductible*

*Consult a tax advisor for eligibility.

Lakeside can help you access FDIC Insured Protection for more than $250,000 on deposits placed through our Safe harbor ICS (Insured Cash Sweep) service. You may be eligible to invest and protect tens of millions of dollars! And, you'll earn competitive market interest rates with the safety of your funds guaranteed by the federal government.

Talk to us today to learn more! If you already have a personal Lakeside Banker, please call or email. If you don't, please call Angela Villegas, Vice President, and ICS specialist. Her direct line is 331-979-7405. Or, email her at [email protected].

Important Information

* Placement of funds through the ICS service is subject to the terms, conditions, and disclosures in the service agreements, including the Deposit Placement Agreement ("DPA"). Limits and customer eligibility criteria apply. In the ICS savings option, program withdrawals are limited to six per month. Although funds are placed at destination banks in amounts that do not exceed the FDIC standard maximum deposit insurance amount ("SMDIA"), a depositor's balances at the relationship institution that places the funds may exceed the SMDIA (e.g., before ICS settlement for a deposit or after ICS settlement for a withdrawal) or be ineligible  for FDIC insurance (if the relationship institution is not a bank). As stated in the DPA, the depositor is responsible for making any necessary arrangements to protect such balances consistent with applicable law. If the depositor is subject to restrictions on placement of its funds, the depositor is responsible for determining whether its use of ICS satisfies those restricitons. ICS and Insured Cash Sweep are registered service marks of Promontory Interfinancial Network, LLC.

CDARS®

CDARS® is one of the safest and smartest investment vehicles for investors looking to protect their large-dollar investments while earning CD-level returns that may compare favorably to Treasury and money-market-fund yields.

CDs placed through CDARS® offer investors (including institutional investors, such as corporations, foundations, and endowments):

• Access to multi-million dollar FDIC insurance
• The ease of working through one trusted relationship, earning one rate per maturity, and receiving consolidated statements
• The ability to forego ongoing collateral tracking
• The power of daily compounding; and a finite maturity date (in contrast to auction-rate or some adjustable-rate securities).

Investing through CDARS® can be a strong alternative to Treasuries. Like Treasuries, FDIC insurance in backed by the full faith and credit of the U.S. government.

Ask us about how CDARS® can work for you the next time you visit one of our branches, or email Grace Marcordes at[email protected] for more information.

Additional materials:

• How CDARS® works for you
• Smart Investing
• Simple, Easy CDARS® Experience
• CDARS®: Frequently Asked Questions

*See a Lakeside banker for a complete CDARS® package.

CDARS® CDs are considered bank deposits. They are not DTC eligible and, currently, no secondary market exists. Early withdrawals are available, but require the payment of a substantial penalty.

You should compare the current rates and features of CDs (including CDs placed through the CDARS® service) to other investment alternatives. Past performance may not be representative of future performance or success.

Limits apply. If a depositor is subject to restrictions with respect to the placement of funds in depository institutions, it is the responsibility of the depositor to determine whether the placement of the depositor’s  funds through CDARS® or a particular CDARS® transaction satisfies those restrictions. Funds may be submitted for placement only after a depositor enters into a CDARS® Deposit Placement Agreement with our bank. The agreement contains important information and conditions regarding the placement of funds by our bank through CDARS®.

CDARS® is a registered service mark of Promontory Interfinancial Network, LLC.