Certificates of Deposit are ideal investments if you do not need ready access to your cash. Lake Area Bank offers competitive rates and a variety of terms to choose from ranging from three months to five years.

Rates vary depending on the duration and amount of the Certificate of Deposit. The minimum investment to open a Certificate of Deposit is $2,500. There is an interest penalty if you withdraw your money before the maturity date of your Certificate.

Minimum deposit of $5,000 to open. Certificates automatically renew at maturity for next regular term, at that current rate on date of renewal. A penalty may be imposed for early withdrawal. Fees could reduce earnings. Annual Percentage Yield (APY) is effective 8/20/2010. Rate subject to change without notice.