RATES AND FEES

Laona State Bank offers personalized service that only a community bank can provide, and at competitive rates. Deposit accounts are FDIC insured. Rates are posted with an annual percentage yield (APY) as a convenience to assist you in making financial decisions and are subject to change without notice. Account fees may affect earnings. Variable interest rates are subject to change without notice.

Certificates must be held to maturity to receive the indicated APY. A penalty is imposed for early withdrawal.

The following rates and fees are just an overview, and are not all-inclusive. Please refer to an account disclosure for complete information. If you have questions or would like assistance, please contact us at any of our offices.

Personal Checking Products
Personal Savings Products
Certificates of Deposit
Individual Retirement Accounts 
Loan Rates
Fees and Account Features

Rates are subject to change. 
To obtain the most current information, call any of our offices.

All rates and fees effective as of 05/20/2014

Personal Checking Products
ProductInterest Rate / APYCompounding MethodMinimum Opening Deposit
Comfort Checking N/A N/A N/A
Regular Checking N/A N/A N/A
NOW Checking 0.10 / 0.10 Monthly $500
SUPER NOW Checking ($1000 + Balance) 0.15 / 0.15 Monthly $1,000
SUPER NOW Checking ($500 - $999.99 Balance) 0.10 / 0.10 Monthly $1,000
Gold Checking 0.15 / 0.15 Monthly $5000 in related CD or Savings
HSA 0.50 / 0.50 Quarterly $100
Corporate Money Market 
$1000 + Balance
0.40 / 0.40 Monthly $1,000
Corporate Money Market 
$500 - $999.99
0.20 / 0.20 Monthly $1,000
Ind. Money Market (IMMA) $999.99 & Under 0.20 / 0.20 Monthly $1,000
Ind. Money Market (IMMA) $1,000 - $4,999.99 0.25 / 0.25 Monthly $1,000
IMMA $5,000 - $9,999.99 0.30 / 0.30 Monthly $1,000
IMMA $10,000 - $49,999.99 0.40 / 0.40 Monthly $1,000
IMMA $50,000 and over 0.50 / 0.50 Monthly $1,000
Account fees may affect earnings. Rates may change at any time without notice. For further details regarding balances and fees, please contact an Account Representative or refer to a Deposit Account Disclosure. 

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Personal Savings Products
ProductInterest Rate / APYCompounding MethodMinimum Opening Deposit
 Savings 0.15 / 0.15 Quarterly N/A
Christmas Club 0.20 / 0.20 Annually N/A
Rates may change at any time without notice. 

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Certificates of Deposit
CD MaturityInterest Rate / APYCompounding MethodMinimum Opening Deposit
30-89 Days 0.20 / 0.20 Monthly $500
90-179 Days 0.30 / 0.30 Monthly $500
180-364 Days 0.40 / 0.40 Monthly $500
12-23 Months 0.50 / 0.50 Monthly $500
24-35 Months 0.60 / 0.60 Monthly $500
36-47 Months 0.75 / 0.75 Monthly $500
48 Months 1.00 / 1.00 Monthly $500
SPECIAL 14 Months 0.60 / 0.60 Monthly $10,000
SPECIAL 36 Months 1.00 / 1.00 Monthly $10,000
SPECIAL 60 Months 1.40 / 1.41 Monthly $10,000
Certificates must be held to maturity to receive the indicated APY. A penalty is imposed for early withdrawal.  

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Individual Retirement Account
CD MaturityInterest Rate / APYCompounding MethodMinimum Opening Deposit
12 Month Variable 1.00 / 1.00 Annually N/A
30 Month Fixed 1.00 / 1.00 Semi-Annually $500
                                           Certificates must be held to maturity to receive the indicated APY. Variable rates may change at any time without notice.                                                     A penalty is imposed for early withdrawal. 

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Loan Rates

Laona State Bank offers a variety of loan rates, terms and options. For more information about our Consumer, Mortgage, and Commercial Loan Rates and Products, please contact the Loan Department at any of our locations.

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Fees and Account Features
 Debit Card Hot Card $30.00
 Replace Lost Debit Card  $10.00
 Debit Card Chargeback for Authorized Transactions  $35.00
 Debit Card Withdrawal fee at ATM’s we do not own  $0.50
 Change personal ID number (PIN) for Debit Card  $10.00
 The categories of transactions for which an overdraft fee may be imposed are those by any of the following means: check, in-person withdrawal, or other electronic means. 
 Overdraft charge/fee per check $20.00
 Returned check charge/fee per check  $20.00
 Account research  $15.00 hr.
 Account Balancing Assistance  $15.00 hr.
 Stop payments – each  $12.00
 Photocopies   $ 0.10
 Wire Transfers 
  • Outgoing
  • USDA Forest Service Wire
$20.00
$15.00
 Tax Levy Fee  $25.00
 Collection Fee  $20.00
 Savings Book Replacement  $5.00
 Safe Deposit Box lost key  $15.00
 Money Orders
  • Less than $100
  • $100 - $500 
  • Over $500
$1.00
$1.50
$2.00

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Regular Checking Account

$1.00 Maintenance Fee and .10 per check if balance falls below $100 any day of the statement cycle.

Now and Super Now Checking Account (Both Individual and Business)

$5.00 Service Charge if the average daily balance falls below $500.00 during the statement cycle.

Gold Checking Account

$12.00 Service Charge if a $5000.00 average daily balance is not maintained in a related savings or certificate account.

IMMA

$10.00 Fee if the average daily balance falls below $1000.00
$5.00 Fee for each check, draft, preauthorized, automatic, or telephone transaction in excess of 6 per statement cycle.

Business Checking Account

$2.00 Monthly Maintenance Fee plus .10 per check/debit item. Credit given is based on the lowest balance of the account during the month at a rate of .40 per $100.00. If the earnings credit exceeds the fees, any excess credit will not be paid

Corporate Money Market Account

$5.00 Service Charge if average daily balance for the month goes below $500.00.

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