This is our most popular savings account. Customers use it to accumulate cash for short and long term needs such as taxes, vacations and many other uses.
This account offers a competitive tiered interest rate. The higher the balance, the higher the rate of interest your account will earn.
This account is a great way to save for your holiday shopping. Save throughout the year and in October have the funds deposited into your checking or savings account.
A Health Savings Account (HSA) is a tax-exempt trust or custodial account established exclusively for the purpose of paying or reimbursing qualified medical expenses of you, your spouse and your dependents.
Lapeer County Bank & Trust Co. offers competitive rates on all terms of certificates, from 15 days to 60 months.
CDARS® is one of the safest and smartest investment vehicles for investors looking to protect their large-dollar investments while earning CD-level returns that may compare favorably to Treasury and money-market-fund yields.
CDs placed through CDARS offer investors (including institutional investors, such as corporations, foundations, and endowments):
Investing through CDARS can be a strong alternative to Treasuries. Like Treasuries, FDIC insurance is backed by the full faith and credit of the U.S. government.
CDARS CDs are considered bank deposits. They are not DTC eligible and, currently, no secondary market exists. Early withdrawals are available, but require the payment of a substantial penalty.
You should compare the current rates and features of CDs (including CDs placed through the CDARS service) to other investment alternatives. Past performance may not be representative of future performance or success.
Limits apply. If a depositor is subject to restrictions with respect to the placement of funds in depository institutions, it is the responsibility of the depositor to determine whether the placement of the depositor’s funds through CDARS or a particular CDARS transaction satisfies those restrictions. Funds may be submitted for placement only after a depositor enters into a CDARS Deposit Placement Agreement with our bank. The agreement contains important information and conditions regarding the placement of funds by our bank through CDARS.
CDARS is a registered service mark of Promontory Interfinancial Network, LLC.
Individual Retirement Accounts (IRAs) are personal retirement savings plans. Individuals with earned income are eligible to open an IRA account. Interest earned on this account may be tax-deferred until withdrawn. Contributions may or may not be tax-deferred, depending on your individual circumstances. The following types of IRAs are available: Traditional, Roth, Coverdell Education, SEP or Simple. Please consult your tax advisor to determine which type is best for you.
** Mutual funds are not bank products and are not insured by the Federal Deposit Insurance Corporation ("FDIC") or any other government agency. May lose value.
*Federal Regulation requires us to monitor your compliance with withdrawal limitations. See Rules and Regulations of Your Deposit Account for more information.