Certificates of Deposit

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

  • $10,000 minimum deposit to open
  • 1.55% APY* for 18 month term
  • You may make deposits of $1,000 or more to a Freedom Plus 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 Plus CD drops below $10,000, we may assess a penalty of 360 days interest and we may rewrite the Freedom Plus CD as a Traditional CD at the current interest rate and APY in effect for Traditional CDs for the remaining portion of the term.
  • There is a $10,000,000 maximum balance per tax ID number for this CD.
  • Interest is compounded and credited annually to a Freedom Plus CD.

Call (888) 522-2265, drop in one of our branch locations or fill out the form below to receive more details about this offer.

*APY = Annual Percentage Yield. Quoted APY is accurate as of February 19, 2020. Penalty for early withdrawal. For more information call (888) 522-2265.
  • Lake City Bank opens accounts in our market area only, which includes Northern and Central Indiana. However, Lake City Bank reserves the right to make exceptions to this policy based on the individual situation.
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