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