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. For all products, the minimum to earn the disclosed APY is based on the Average Daily Balance. Account fees may reduce 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 require additional information, please contact the Laona State Bank 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 at any time without notice. Account Fees may reduce earnings.
To obtain the most current information, call any of our offices.

All rates and fees effective as of 02/01/2016

Personal Checking Products
ProductInterest Rate / APY

Minimum to Earn APY

Minimum Deposit

To Open

Comfort Checking N/A N/A N/A
Regular Checking N/A N/A N/A
NOW Checking 0.10 / 0.10 $500.00 $500.00
SUPER NOW Checking Tier 1 0.10 / 0.10 $500.00-$999.99 $1,000.00
SUPER NOW Checking Tier 2 0.15 / 0.15 $1000.00 & Over $1,000.00
Corporate Money Market Tier 1 0.20 / 0.20 $500.00-$999.99 $1,000.00
Corporate Money Market Tier 2 0.40 / 0.40 $1000.00 & Over $1,000.00
Ind. Money Market (IMMA) Tier 1 0.20 / 0.20 $1.00-$999.99 $1,000.00
IMMA Tier 2 0.25 / 0.25 $1,000.00-$4,999.99 $1,000.00
IMMA Tier 3 0.30 / 0.30 $5,000.00-$9,999.99 $1,000.00
IMMA Tier 4 0.40 / 0.40 $10,000.00-$49,999.99 $1,000.00
IMMA Tier 5 0.50 / 0.50 $50,000.00 & Over $1,000.00
Account fees may reduce 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. 

 Top of Page

Personal Savings Products
ProductInterest Rate / APYCompouding FrequencyMinimum Deposit To Open
Savings 0.15 / 0.15 Quarterly N/A
Christmas Club 0.20 / 0.20 Annually N/A
Health Savings Account 0.50 / 0.50 Quarterly $100.00
Rates may change at any time without notice. 

 Top of Page

Certificates of Deposit
CD MaturityInterest Rate / APYCompounding FrequencyMinimum  Deposit To Open
30-89 Days 0.20 / 0.20 Monthly $500.00
90-179 Days 0.30 / 0.30 Monthly $500.00
180-364 Days 0.50 / 0.50 Monthly $500.00
12-23 Months 0.75 / 0.75 Monthly $500.00
24-35 Months 1.00 / 1.01 Monthly $500.00
36-47 Months 1.25 / 1.26 Monthly $500.00
48 Months 1.50 / 1.51 Monthly $500.00
SPECIAL 14 Months 0.85 / 0.85 Monthly $10,000.00
SPECIAL 36 Months 1.40 / 1.41 Monthly $10,000.00
SPECIAL 60 Months 2.00 / 2.02 Monthly $10,000.00
Certificates must be held to maturity to receive the indicated APY. A penalty is imposed for early withdrawal.  

 Top of Page

Individual Retirement Account
CD MaturityInterest Rate / APYCompounding FrequencyMinimum Deposit To Open
12 Month Variable 1.25 / 1.25 Annually N/A
30 Month Fixed 1.50 / 1.51 Semi-Annually $500.00
Certificates must be held to maturity to receive the indicated APY. Variable rates may change at any time without notice. A penalty may be imposed for early withdrawal. 

Top of Page

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.

Top of Page »

 

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
 Check or Statement Copy   $2.00
 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
 Continuous Overdraft charge/fee   $7.00 Daily
 Returned Check charge/fee per check   $20.00
 Returned Item Preauthorized   $20.00
 Account research   $15.00 hr.
 Account Balancing Assistance   $15.00 hr.
 Stop payments – each   $12.00
 Photocopies   $ 0.10
     

 Wire Transfers

  • Outgoing Wire Fee                                                     
  • USDA Forest Service Wire Fee
  • International Wire Fee
  • Incoming Non-Customer Wire Fee

 

 
$20.00
$15.00
$50.00 
$25.00
 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 $100.00
  • $100.00 - $500.00 
  • Over $500.00
 

 

$1.00
$1.50
$2.00

Top of Page »

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.

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. 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.

 

 

Top of Page »