Preferred Money Market
Preferred Money Market account rates are based on current market conditions. And for a limited time, you can 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 month2
- Online banking and mobile banking
Standard Interest Rates and Tiers
- 0.01% APY1 paid on balances from $1 to $4,999
- 0.01% APY1 paid on balances from $5,000 to $49,999
- 0.05% APY1 paid on balances from $50,000 to $99,999
- 0.05% APY1 paid on balances from $100,000 to $499,999
- 0.15% APY1 paid on balances from $500,000 to $4,999,999
- 0.01% APY1 paid on balances of $5,000,000 or more
Call (888) 522-2265, drop in one of our branch locations or fill out the form below to receive more details about this offer.
1APY = Annual Percentage Yield. Quoted APY is accurate as of August 7, 2020. 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.
2Keep 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.