Certificates of Deposit are ideal investments for businesses that do not need immediate access to their cash. Lake Area Bank offers competitive rates and a variety of terms to choose from ranging from three months to five years.

Certificates of Deposit are an excellent choice if your business is seeking a low risk account to add to your investment portfolio. Rates vary depending on the duration and amount of the Certificate of Deposit. The minimum investment to open a Certificate of Deposit is $2,500. There is an interest penalty if you withdraw funds before the maturity date of the Certificate.

Minimum deposit of $5,000 to open. Certificates automatically renew at maturity for next regular term, at that current rate on date of renewal. A penalty may be imposed for early withdrawal. Fees could reduce earnings. Annual Percentage Yield (APY) is effective 8/20/2010. Rate subject to change without notice.