View fee schedule for per item fee
Tiered interest rate based on balance
Interest compounded monthlyView fee schedule for withdrawal limitations
Reach your next business milestone faster in an account that rewards you with a premium rate. And take your business savings to the next level.
Tiered interest rate based on balance
Interest compounded monthlyNo minimum withdrawal amount
Opening a Business/Municipal/Government Savings Account is the first step in starting your membership with us.
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Required Business Membership Account
Minimum $5.00 to open account
Monthly $3 fee; waived by maintaining a $300 daily balance or an additional active non-savings product, such as checking, CD, loan, or credit card
Free Business Online Banking and Mobile Banking
View fee schedule for withdrawal limitations
Tiered interest rate based on balance
Interest compounded monthlyReach your next municipal milestones faster in an account that rewards you with a premium rate. And take your municipal savings to the next level.
Tiered interest rate based on balance
Interest compounded monthlyNo minimum withdrawal amount
Your health and wellness matter to the success of your business. Support the wellbeing of your team by offering a Lake Trust Health Savings Account (HSA) as an employee benefit. An HSA is a great option to save for future medical expenses for those who have a high-deductible health plan. An HSA could also offer potential tax benefits, as contributions to the account are made with pre-tax dollars.2
Contact us to explore an HSA option for your business.
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Employees who wish to open an HSA are required to open a Membership Savings Account to establish Lake Trust membership
Easy to make a direct deposit to your employees' HSA accounts at Lake Trust
The balance in HSA rolls over each year. If you don’t use all of the money in your HSA within the year, you won’t lose it
Contributions are made with pre-tax dollars, which could lower your taxable income2
The account is yours to use and keep, even when you change jobs, retire, or switch insurance plans
Contributions can be used to pay for qualified medical expenses, including dental, vision, and prescriptions, that are not covered by your health plan.
Interest earned in the account is tax-free
You’ll receive a Lake Trust HSA debit card to pay for expenses
Account can also be used for retirement savings
FINANCIAL WELLBEING LIBRARY
Your financial wellbeing means more than your balance sheet. It’s about how you’re feeling about your finances. And we’re here to help support you wherever you are on your journey.
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