Checking | Savings | Certificates of Deposit | Individual Retirement Accounts
For more information about applicable rates, fees, terms and features, refer to the Rates and Fees page or contact an Account Representative
CheckingComfort Checking
Regular Checking
Interest Checking
Now Account
Super Now Account
Gold Checking Account
Individual Money Market Account
Debit Card
ATM Card
VISA Credit Card
Overdraft Protection
Comfort Checking
- No Monthly Service Charge or per item fee
- No Minimum Balance required
- Monthly Statement only (Imaged items available by request or via Internet Banking)
- No Monthly Service Charge or per item fee if $100.00 minimum daily balance is maintained
- Service Charge assessed if the account balance falls below $100.00 any day of the cycle AND
- A per check or debit item charge will be assessed
- Monthly Statement includes imaged items
- $500.00 Opening Deposit Required
- $500.00 Average Daily Balance Required to obtain the disclosed rate
- Service Charge Assessed if average daily balance for the month goes below $500.00
- Monthly Statement with imaged items
- Rates may change at any time. Interest will be credited to the account monthly.
- $1000.00 Opening Deposit Required
- $1000.00 Average Daily Balance Required to obtain the disclosed Super Now Account rate
- $500 Average Balance Required to obtain the disclosed Now Account rate
- Service Charge Assessed if average daily balance for the month goes below $500.00
- Monthly Statement (Image items available upon request or via Internet Banking)
- Rates may change at any time. Interest will be credited to the account monthly.
- No Minimum Opening Deposit Required
- Must maintain a $5000.00 Laona State Bank savings or certificate of deposit account
- Free Account Checks and Travelers Checks
- $1.00 Average Daily Balance Required to obtain disclosed rate
- Service Charge Assessed if a $5000.00 average daily balance is not maintained in a related savings or certificate of deposit account
- Monthly Statement only (Image items available upon request or via Internet Banking)
- Rates may change at any time. Interest will be credited to the account monthly.
Individual Money Market Account
- No Minimum Opening Deposit Required
- $1.00 Average Daily Balance Required to obtain disclosed rate
- Service Charge Assessed if average daily balance for the month goes below $2500.00
- Account is restricted to 6 transfers per statement cycle, with no more than 3 of the 6 made by check, draft or debit made payable to third parties.
- A Fee Will be Charged for each item in excess of the allowed number
- Monthly Statement
- Rates may change at any time. Interest will be credited to the account monthly.
For more information on Deposit Accounts, contact an Account Representative.
Debit Card
A Debit Card works like a check, looks like a credit card, and
saves you time and money. Use your Debit Card wherever
MasterCard/VISA is accepted instead of writing a check.
Purchases come directly from your Laona State Bank checking
account so there is no bill at the end of the month. You can
also use your Debit Card to withdraw cash at thousands of ATMs
nationwide. You may also access your savings account for cash or
transfers funds to your checking account. When you use Laona
State Bank terminals, your transfers and withdrawals are
surcharge free. All that is required is a checking account in
good standing. Apply today.
ATM Card
An ATM Card is a great substitute for a Debit Card if you only hold a
savings account with us. We are able to provide you a card that is
directly connected to your savings account. This can be used to withdraw
money from any ATM Machine in the world right from your savings.
Although there are no purchases allowed with an ATM Card, it is a
great convenience to obtain money easily from your savings. Apply Today!
If your
card is ever lost or stolen, please call 1-800-383-8000.
VISA Credit Card
Choose from a variety of VISA cards, each designed to match your
financial needs.
- No Annual Membership Fee
- Free Online Account Access
- VISA’s Zero Liability Protection against unauthorized use
- 24-hour Service
- Car Rental Discounts
Passbook Savings
Christmas Club
Health Savings Account (HSA)
Passbook Savings
- No Minimum Opening Deposit Required
- No Service Charges or Fees
- No Monthly Statement
- Interest Paid Quarterly
- Rates may change at any time.
- No Minimum Opening Deposit Required
- Must maintain an account balance until interest is credited or accrued interest will be forfeited
- Rates may change at any time.
- $100.00 Minimum Opening Deposit
- No Monthly or Annual Fees
- One Time Set-up Fee
- Interest Paid Quarterly on the Average Daily Balance
- Free First Order of Custom Duplicate Checks
- Quarterly Statements
Certificates of Deposit
31 Day to 48 Month Certificates Available
- $500.00 Minimum Deposit
- Fixed Interest Rate for term
- Interest Compounding and Crediting Options
- Auto-renewal or Non-auto Renewal Options
- Penalty for early withdrawal
Special Certificates of Deposit
- Higher Minimum Deposit Required than the Regular Certificate
- Fixed Interest Rate for term
- Interest Compounding and Crediting Options
- Auto-renewal or Non-auto Renewal Options
- Penalty for early withdrawal
For more information on Certificates of Deposit, contact an
Account Representative.
Variable Rate IRA
Traditional IRA
Roth IRA
Coverdell Educational Savings Account (CESA)
Variable Rate IRA
- No Minimum Deposit
- 12 Month Variable Rate
- Rates May Change at any time
- Interest Compounds Annually
Traditional IRA
Traditional IRAs provide a retirement vehicle with tax-deferred
earnings. Anyone with earned income can contribute
to an IRA.
- $500.00 Minimum Deposit
- 30 Month Fixed Rate OR
- Any Certificate of Deposit Term Available
- Interest Compounds Semi-Annually
- Penalty for Early Withdrawal
- Tax Deferred Earnings
- Deposits May Provide Possible Tax Benefits
Consult a tax professional for further information regarding tax benefits.
Roth IRA
Roth IRAs are similar to Traditional IRAs in several ways. Both
types let you invest money into a tax-deferred account, and both
have the same contribution limit. However, with a Roth IRA, the
money you deposit is not tax-deductible. When you make
withdrawals from your Roth IRA, you pay no federal income taxes
on qualified withdrawals. In other words, your money comes out
income tax-free.
- 500.00 Minimum Deposit
- 12 Month Variable Rate OR
- 30 Month Fixed Rate OR
- Any Certificate of Deposit Term Available
- Interest Compounds Semi-Annually
- Penalty for Early Withdrawal
- Contributions are non-tax deductible
- Tax Deferred Earnings
Consult a tax professional to determine what plan would best fit your situation.
Coverdell Educational Savings Account (CESA)
The Coverdell Educational Savings Account is a nondeductible
account that features tax-free withdrawals for a very specific
purpose – a child’s education expenses. Anyone can contribute on
behalf of a child under the age of 18. The money grows
tax-deferred. A CESA may look similar to Roth IRA’s. Higher
education distributions are also permitted from those accounts,
but while qualified higher education distributions from Roth
IRAs are only penalty tax free, the same distributions from a CESA are penalty free and federal income tax free. Consult your
tax or legal professional for further information regarding
state or local income tax.
- No Minimum Deposit
- Variable Rate
- Penalty for Transfers before Maturity
- Tax Deferred Earnings
- Distributions Tax and Penalty Free if used for Qualified Educational Expenses
For more information on Retirement/Educational Accounts contact an Account Representative.
For further information about applicable rates, fees, terms and features, refer to the Rates and Fees page or contact an Account Representative.
