Preferred Money Market
The rates on this account should get your attention. Plus for a limited time, earn an additional bonus introductory rate of 0.50% for the first 6 months the account is open. After the first 6 months, the standard interest rates listed below will apply.
- $5,000 minimum deposit to open with funds not currently on deposit with Lake City Bank
- $10 monthly maintenance fee (pay no monthly maintenance fee with $5,000 average collected balance)
- Withdrawal fee of $10/withdrawal after 6 per month1
- Online banking and mobile banking
Standard Interest Rates and Tiers
- 0.01% APY2 paid on balances from $1 to $4,999
- 0.10% APY2 paid on balances from $5,000 to $49,999
- 0.25% APY2 paid on balances from $50,000 to $99,999
- 0.50% APY2 paid on balances from $100,000 to $499,999
- 1.00% APY2 paid on balances from $500,000 to $999,999
- 0.05% APY2 paid on balances of $1,000,000 or more
Drop in one of our branch locations or call our One Call Center at (888) 522-2265 for more information or to open an account.
1Keep in mind that federal regulations permit 6 restricted withdrawals per monthly statement cycle. Your account may be closed if you frequently make more than 6 restricted withdrawals per monthly statement cycle.
2APY = Annual Percentage Yield. Quoted APY is accurate as of September 24, 2017. APY is subject to change without notice at any time including after account opening. Fees may reduce earnings. For more information call (888) 522-2265.