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Now is the time to take charge of your financial future. We will help you set financial goals and help you achieve them, whatever they may be. From basic checking accounts to money markets, certificates of deposit, our experienced professionals can help devise a plan that’s right for you. Check out some of our products below.

Advantage Checking

  • No minimum deposit to open
  • No minimum daily balance and no monthly service charge1
  • No limit to the number of checks that may be written per month
  • No charges per check written
     

 

1  Fees, such as overdraft charges, and fees for special services may apply.

Charter Checking Account™

You qualify if you have $5000 in a personal State Bank of the Lakes account OR real estate loan (home mortgage or home equity loan) with us.

With our Charter Checking Account™ you receive these exclusive benefits:

  • FREE interest-bearing checking account with no minimum
    opening deposit, no minimum monthly balance requirement and no
    monthly service charge1.
  • Your first box of State Bank of the Lakes logo checks is FREE
    and subsequent reorders are available at a reduced cost (or
    receive 50% off your first box of designer checks).
  • Receive an extra .125% on our current fixed-rate certificates
    of deposit APY 2
  • FREE cashier's checks and money orders.
  • NO ANNUAL FEE MasterCard debit card3
  • Overdraft protection (subject to credit approval)
  • $15 off our posted safe deposit box rental fee when you have
    your payment automatically debited from your account
  • FREE imaged checks with CheckManager Plus®
  • FREE Online Banking and Telephone Banking Services
  • FREE Bill Pay
  • FREE Quicken and Microsoft Money download capabilities

 

1Fees, such as overdraft charges, and fees for special services may apply.
2The Annual Percentage Yield (APY) is calculated on simple interest rates with interest
compounded and paid monthly and assumes interest remains on deposit until maturity.
Rates subject to change without notice.  Substantial penalty may be charged for early
withdrawal.  Penalty may reduce earnings.  To obtain the APY, must open a CD with
minimum of $1,000.  Excludes special offers.
3Foreign transaction fees may apply.

Christmas Passbook Savings Account

  • Minimum initial deposit must be in increments of $5.00, $10.00 or $20.00 
  • No monthly service charge
  • Interest is compounded and paid quarterly
  • You receive a personalized passbook where all of your deposits are recorded.
  • Withdrawals before maturity are not permitted
  • Account balance will be disbursed by check at the end of the third quarter each year
  • FREE Online Banking and Telephone Banking Services

Junior Savers Club Account™

Our Junior Savers Club Account™ teaches children and young adults under 18 the rewards of saving while making banking FUN!

In addition to learning one of life's most valuable lessons, Junior Savers will receive:

  • A personalized passbook with identification as a Junior Savers Club member
  • All regular account service charges are waived and there is no minimum opening deposit for Junior Savers
  • Your choice of a special gift when you open a new Junior Savers account
  • Free gift from our Treasure Chest each time you make a deposit to your Junior Savers account
  • Our exclusive "Treats Dollar" gift certificate each time you make a deposit of $100 or more. Certificates may be redeemed at local participating merchants.
  • Parents receive an extra .25% over our current fixed-rates if they open a fixed-rate CD the same day1
  • And lots of other great goodies and fun activities for Junior Savers. You’ll be sent frequent invites to fun Junior Savers Club events and contests.

Teaching kids how to save. It's all part of our commitment to bring traditional community banking back to the community.

 

1  The Annual Percentage Yield (APY) is calculated on simple interest rates with interest compounded and paid monthly and assumes interest remains on deposit until maturity. Rates subject to change without notice.Substantial penalty may be charged for early withdrawal. Penalty may reduce earnings. To obtain the APY, must open a CD with minimum of $1,000 not currently on deposit with SBOTL.

Maxsafe® Accounts

MaxSafe Logo

 

MAXSAFE® DEPOSIT ACCOUNTS WITH UP TO $3.75 MILLION IN FDIC INSURANCE.

 

Safety and security of your deposit account is paramount today.  Making sure your deposits are covered by the FDIC is something every one and every company should do.  By titling accounts properly a typical couple may quickly achieve $1,000,000 in FDIC insurance from our bank.  But, what if you have a larger deposit, are seeking FDIC insurance and don’t know what to do?

 

The MaxSafe Account is designed for those seeking a Certificate of Deposit (CD) or Money Market Account (MMA) with additional FDIC insurance.  MaxSafe is an innovative and unmatched investment alternative that provides up to

15 times the FDIC security of a traditional banking deposit.  We’ll also simplify your life by providing one summary statement and one 1099 form at tax time.

In today’s volatile marketplace, the added security and convenience of up to $3.75 million in FDIC insurance means peace of mind. How can we offer this unparalleled level of protection? By depositing your funds across a group of 15 affiliated community banks. Fifteen banks equals fifteen times the usual $250,000 level of FDIC maximum protection.  However, you must consider the funds you have on deposit at our bank.

 

Some common frequently asked questions about MaxSafe are:

 

What are the particulars of the MaxSafe® CD?

It is an automatically renewable, fixed-rate Certificate of Deposit (of a chosen term) with FDIC insurance of up to $3.75 million per titled account. It is available for consumers, businesses and not-for-profits. It is not currently available for IRA’s, however. A minimum deposit of $100,000 is required to open a MaxSafe CD.

 

What is the MaxSafe® Money Market Account?

It is a Money Market Account (MMA), with the typical limitation of transactions per month like a normal money market account (please ask a personal banker for more details) insurance of up to $3.75 million per titled account. It is available for consumers, businesses and not-for-profits.  A minimum deposit of $250,000 is required to open a MaxSafe MMA.  A minimum service charge of $75 will be assessed if the balance falls below $250,000.

 

How can you offer such a high level of additional FDIC protection?

With 15 separate, but affiliated, community banks in Illinois and Wisconsin, we are able to combine each bank’s individual FDIC protection and offer our customers the benefit of 15 times the normal $250,000 level of FDIC Insurance. All fifteen of these banks are all fully FDIC Insured and “well capitalized” per the FDIC and other government regulatory bodies.  A custody account from our affiliate, Wayne Hummer Trust Company, N.A., is opened via a MaxSafe professional, and funds are deposited on your behalf across these 15 banks.  

 

Is this legal? Is the FDIC OK with this?

This is absolutely legal and is perfectly in compliance with FDIC rules and regulations. While almost no banks in the Chicago area offer this service as of yet, a number of national brokerage houses offer a similar extra-FDIC insured program.



For more information and frequently asked questions, please stop by the bank and speak with a personal banker.  For more information on FDIC Insurance coverage, please visit http://www.fdic.gov.

Money Market Checking

  • An interest-bearing checking account that pays interest on tiered balances
  • No minimum deposit to open
  • There is a minimum daily balance requirement to avoid a monthly service charge1
  • Unlimited in-person teller withdrawals and up to six preauthorized withdrawals and/or checks written each month.
  • No charges per check written

 

1  A $7.00 fee will be imposed each statement cycle if the daily balance in the account falls below $1,000 any day of the statement cycle. Fees, such as overdraft charges, and fees for special services may apply.

Passbook Certificate of Deposit Account

  • Minimum Deposit to open is $10,000.
  • Competitive interest rate
  • Interest is compounded and paid monthly
  • You receive a personalized passbook where all of your transactions are recorded.
  • Make up to two in-person withdrawals per month
  • Unlimited deposits
  • FREE Online Banking and Telephone Banking Services

Platinum Preferred Checking®

  • An interest-bearing checking account
  • No minimum deposit to open
  • No minimum daily balance and no monthly service charge1
  • No limit to the number of checks that may be written per month
  • No charges per check written
  • Free SBOTL Logo checks.
  • Available to customers age 50 or older

 

1  Fees, such as overdraft charges, and fees for special services may apply.

Statement Savings Account

  • No minimum opening deposit
  • No monthly service charge if minimum daily balance of $100 is maintained1
  • Interest is compounded and paid monthly
  • Statements sent quarterly, or monthly when conveniently combined with your monthly checking statement.
  • Make up to six transfers per month to your checking account with Telephone Banking Service or Online Banking
  • No limit to number of withdrawals made in person or at ATMs
  • FREE Online Banking and Telephone Banking Services
  • Check out our Savings Deposit Rates

1  A $3.00 fee will be imposed every statement cycle if the daily balance in the account falls below $100 any day of the statement cycle .

StudentWise™ Checking

We designed an account to help young adults handle their finances and provide peace of mind to parents. We call it our StudentWise™ Checking Account.  It offers everything your full-time high school or college student needs for financial security, including a checking account and MasterCard debit card.

Features and Benefits

 
1  Other qualifications and fees, such as overdraft charges and special services may apply
2  Subject to age and other qualifications. See bank for details.