CD's Flashcards
$500 min to open
Low requirements to maintain
Lowest interest rate
Traditional CD
*Good for someone who wants a CD but doesn’t have enough for the min deposit of the Companion or Freedom.
$10,000 min to open
Must maintain an active checking account for the term of the CD
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.
$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
Freedom CD
*Popular CD with the option to deposit or withdraw money if needed
$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
Freedom Plus CD
*Similar to the Freedom CD with a higher interest rate and slightly longer term