Competitive and Secure
Lighthouse Bank offers you Money Market, Savings, and CD accounts which pay extremely competitive rates. Feel secure knowing that your deposits with us are FDIC insured.
For a listing of our current interest rates, click here.
To learn more about FDIC insurance, click here.
Business Money Market
Opening Deposit: A $2,500 deposit is required to open a Business Money Market Account.
Account Fees: There is no monthly fee if you maintain an average collected balance of at least $5,000 during the statement period; otherwise, a monthly fee of $15 will apply. For each debit transaction (including ATM transactions) in excess of six (6) per statement period, a fee of $15 will apply.
Interest: The interest rate and APY are tiered, depending on the collected balance at the end of each business day, and may change at our discretion, as often as daily, without prior notice. The rate paid each day depends on the tier into which the end-of-day collected balance falls. No interest is paid on any day the collected balance falls below $0.01.
Business Savings
Opening Deposit: A $500 deposit is required to open a Business Savings Account.
Account Fees: There is no monthly fee if you maintain an average collected balance of at least $500 during the statement period; otherwise, a monthly fee of $5 will apply. For each debit transaction (including ATM transactions) in excess of six (6) per statement period, a fee of $5 will apply.
Interest: The interest rate and APY applies to all balances and may change at our discretion, as often as daily, without prior notice. No interest is paid on any day the collected balance falls below $0.01.
Business Overdraft Savings
Opening Deposit: A $500 deposit is required to open a Business Overdraft Savings Account.
Account Fees: There is no monthly fee if you maintain an average collected balance of at least $500 during the statement period; otherwise, a monthly fee of $5 will apply.
The Business Overdraft Savings account is tied to a Business Checking, Business Interest Checking or Nonprofit Checking account, providing overdraft protection to help prevent returned checks (or other returned debits) and overdrafts on your checking account. A $10 fee will apply per overdraft transfer.
Interest: The interest rate and APY applies to all balances and may change at our discretion, as often as daily, without prior notice. No interest is paid on any day the collected balance falls below $0.01.
Certificates of Deposit
Terms from 30 days to 5 years are available.
Opening Deposit: A $10,000 deposit is required to open a Certificate of Deposit Account.
Account Limitation: Additional deposits (including ACH & Wires)may not be made into a Certificate of Deposit.
Withdrawals: All withdrawals are subject to an Early Withdrawal Penalty.
Interest: Interest is compounded daily and paid monthly into the account or another Lighthouse Bank deposit account. Interest checks are not available.