CD's

Question 1

$500 min to open
Low requirements to maintain
Lowest interest rate

Answer 1

Traditional CD

*Good for someone who wants a CD but doesn’t have enough for the min deposit of the Companion or Freedom.

Question 2

$10,000 min to open

Must maintain an active checking account for the term of the CD

Answer 2

Companion CD

• Popular CD with one of our best rates.
• If they don’t have a checking with LCB this could be a good product to get them on board.

Question 3

$5,000 min to open; always 12 month term
You may make deposits of $1,000 or more at any time
You are allowed one withdrawal without penalty (minimum $1,000) per calendar month
If balance falls below $5,000 we may assess a penalty

Answer 3

Freedom CD

*Popular CD with the option to deposit or withdraw money if needed

Question 4

$10,000 min to open; always 18 month term
You may make deposits of $1,000 or more at any time
You are allowed one withdrawal without penalty (minimum $1,000) per calendar month
If balance falls below $10,000 we may assess a penalty

Answer 4

Freedom Plus CD

*Similar to the Freedom CD with a higher interest rate and slightly longer term