A CD or IRA is a simple, secure investment that is available in a number of terms and interest rates. Visit our rates page for the current information.

CD/IRA Term Information:

91 DAY
A minimum deposit of $500 is required to open this account. It automatically renews at maturity unless you withdraw the funds before the end of the grace period. Cannot withdraw interest by check or transfer to another LSB account monthly, quarterly, semiannually or annually. A penalty may be imposed for withdrawals before maturity. 7 days interest, on the amount withdrawn subject to penalty, if the withdrawal is made within the first six days after the deposit. All interest on the amount withdrawn subject to penalty.

182 DAY
A minimum deposit of $500 is required to open this account. It automatically renews at maturity unless you withdraw the funds before the end of the grace period. You can withdraw interest by check or transfer to another LSB account monthly, quarterly, semiannually or annually. The early withdrawal penalty will equal 90 days interest on the amount withdrawn subject to the penalty.

7 MONTH
You can withdraw and deposit money into this CD in increments of $500. It automatically renews at maturity unless you withdraw the funds before the end of the grace period. There is a penalty for early withdrawal during the first six days of deposit only.

8 - 12 MONTH
A minimum deposit of $500 is required to open this account. It automatically renews at maturity unless you withdraw the funds before the end of the grace period. You can withdraw interest by check or transfer to another LSB account monthly, quarterly, semiannually or annually. The early withdrawal penalty will equal 90 days interest on the amount withdrawn subject to penalty.

Terms Greater Than 12 Months
A minimum deposit of $500 is required to open this account. It automatically renews at maturity unless you withdraw the funds before the end of the grace period. You can withdraw interest by check or transfer to another LSB account monthly, quarterly, semiannually or annually. The early withdrawal penalty will equal 6 months interest on the amount withdrawn subject to penalty.

3 and 5 YEAR ENCORE
A minimum deposit of $500 is required to open this account. You have the option during the first term of this account to exchange the interest rate for a new interest rate. The new interest rate will be the interest rate we are then offering on time deposits with the same term as the original term of this account. It automatically renews at maturity unless you withdraw the funds before the end of the grace period. Early withdrawal penalties fee will equal six months interest on the amount withdrawn subject to penalty.

IRA (18 MONTH VAR)
A minimum deposit of $25 is required to open this account. It automatically renews at maturity unless you withdraw the funds before the end of the grace period. You may make unlimited deposits into your account. You may make withdrawals of principal from your account before maturity, but a penalty may be imposed. Withdrawal penalty will equal six months interest on the amount withdrawn subject to penalty.

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