Certificates of Deposit

A CD with wiggle room. Who knew? 1.25% Freedom CD promotion

With Lake City Bank’s Freedom CD, you get a great rate and the flexibility to make deposits and withdrawals.

  • $5,000 minimum deposit to open
  • 1.25% APY* for 12 month term
  • You may make deposits of $1,000 or more to a Freedom CD at any time.
  • You are allowed one withdrawal without penalty (minimum $1,000) per calendar month. You must wait 7 days before making a withdrawal from a deposit. In addition, a minimum 7 day separation must be made between withdrawals occurring in consecutive calendar months. We may assess a penalty of 360 days interest on withdrawals that do not meet these requirements.
  • If the balance of a Freedom CD drops below $5,000, we may assess a penalty of 360 days interest and we may rewrite the Freedom CD as a Traditional CD at the current interest rate and APY in effect for Traditional CDs for the remaining portion of the term.
  • Interest is compounded and credited annually to a Freedom CD.

Drop in one of our branch locations or call our One Call Center at (888) 522-2265 for more information about other available CDs or to open an account.

*APY = Annual Percentage Yield. Quoted APY is accurate as of September 24, 2017. Penalty for early withdrawal. For more information call (888) 522-2265.

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