Certificate of Deposit & IRAs

CDs & IRAs

Helping achieve your financial goals.

Certificate of Deposits

Certificates of Deposit (CDs) are ideal investments if you do not need ready access to your cash. CDs typically offer higher interest rates than traditional savings accounts; making them good options to help achieve long-term savings goals. Additionally, once in a CD, you are guaranteed your interest rate will not change for the term of the CD. Great interest rates and built-in savings discipline can make CDs a smart choice for long-term savings!

Lake Area Bank offers competitive rates and a variety of terms to choose from ranging from three months to five years. 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 a penalty if you withdraw your money before the maturity date of your Certificate. Check with a banker for more information, or to discuss which CD may be the best fit for you.

Take advantage of our CD SPECIAL!! Now available for a limited time.

Plant Your Savings in a CD AND WATCH IT GROW!

Special CD Offer for a Limited Time

2.25% APY**

15 Month Certificate of Deposit

$5,000 Minimum Deposit

**Annual Percentage Yield (APY) is accurate as of 7/24/18 and is subject to change without notice. $5,000 minimum balance required to obtain APY. Fees could reduce earnings. Penalty for early withdrawal. Terms and conditions apply. Interest compounds annually and at maturity. At maturity, this CD will automatically renew to a 12-month term. 

Contact our bankers to take advantage of this special offer! 

Forest Lake: 651-464-9001
Hugo: 651-407-3137
Lindstrom: 651-257-1117
Stillwater: 651-430-9500
White Bear Lake: 651-653-9619

Additional Services

Other products and services offered by Lake Area Bank.

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    From time to time, we provide links to other websites for the use of our customers, which have been compiled from internal and external sources. By clicking “continue” below, you will be opening a new browser window and leaving our website. Although we have reviewed the website prior to creating the link, we are not responsible for the content of the site.