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Deposit Rates

Watch your hard-earned money grow at Bank of Lake Mills!
Featured
Interest Rate
9 Month CD

4.65% APY

Featured
Interest Rate
14 Month CD

4.40% APY

Featured
Interest Rate
26 Month CD

4.00% APY


Deposit Account Interest Rates 

Interest rates effective as of 12/10/2024. Interest rates are subject to change at any time. 
Term Certificate* IRA*(1,4) Interest Rate APY
91 Day CD $2,500 N/A 1.19% 1.20%
182 Day CD $2,500 N/A 1.30% 1.30%
9 Month CD - SPECIAL!
$2,500
 N/A 4.55% 4.65%
1 Year Super Saver CD(2)
(Additions of $100 or more at any time)
$500
 N/A 1.39% 1.40%
1 Year CD $500 $500 1.39% 1.40%
14 Month CD - SPECIAL! $2,500 $2,500 4.31% 4.40%
18 Month Variable IRA(3) N/A $100 1.44% 1.45%
18 Month CD $500 $500 1.44% 1.45%
2 Year CD $500 $500 1.49% 1.50%
26 Month CD - SPECIAL! $2,500 $2,500 3.92% 4.00%
30 Month CD $500 $500 1.54% 1.55%
3 Year CD $500 $500 1.59% 1.60%
4 Year CD $500 $500 1.69% 1.70%

*Minimum balance to open/obtain the APY. 
($25 minimum balance to open)

Interest Advantage Checking(3,4,5,6,7) Interest Rate APY
Balance portion of $10,000 or less 1.98% 2.00%
Balance portion more than $10,000 0.50% 0.50%
If requirements not met during monthly statement cycle 0.01% 0.01%
($2,500 minimum balance to open)

Daily Balance Interest Rate APY
$100,000 or more 0.50% 0.50%
$50,000 - $99,999.99 0.45% 0.45%
$25,000 - $49,999.99 0.40% 0.40%
$10,000 - $24,999.99 0.30% 0.30%
$2,500 - $ 9,999.99 0.20% 0.20%
Less than $2,500 0.15% 0.15%
($50,000 minimum balance to open; $10,000 new money)

Daily Balance Interest Rate APY
$50,000 or more 4.50% 4.60%
Less than $50,000 0.20% 0.20%
($25 minimum balance to open)

Account Interest Rate APY
Personal Savings(3,4,7,9) 0.10% 0.10%
Business Savings(3,7,9) 0.10% 0.10%





 
APY - Annual Percentage Yield. APY assumes interest remains on deposit. Fees imposed could reduce the earnings. Withdrawal of interest will reduce earnings. Early withdrawal may be subject to penalty. Ask us for other applicable fees and terms.
 
(1) Available for rollovers, transfers, and contributions.
(2) Additional deposits not to exceed $25,000 per certificate term.
(3) Interest rate may change after account is opened.
(4) Personal accounts only.
(5) A monthly Paper Statement Fee of $3.00 will be assessed if not enrolled in Online Statements.
(6) To earn the higher interest rate, it is required to complete at least 15 settled Bank of Lake Mills Debit Card point of sale transactions (excludes ATM transactions) and complete at least 5 electronic Bill Payments using Bank of Lake Mills Online Bill Pay during each monthly statement cycle.
(7) No minimum balance required to obtain APY.
(8) If balance falls below the $2,500 any time during the statement cycle, a monthly maintenance fee of $6.00 will apply.
(9) If balance falls below $25 any time during the statement cycle, a monthly maintenance fee of $1.00 will apply.