Certificates of Deposit

Certificates of Deposit are available with maturity dates up to 60 months. The minimum opening deposit is $ 500.00. Interest payments may be added back to the certificate, deposited to another account, or paid by check. Certificates may be automatically renewed. Penalties on the amount withdrawn before maturity are:

Christmas Club

Christmas Club Accounts are interest bearing accounts for any type of depositor. The accounts are opened early in November and paid out in late October for a term of 50 weeks. Customers may deposit $ 2.00, $ 3.00, $ 5.00, $ 10.00, $ 15.00, or $ 20.00 each week. There is an early withdrawal fee of $ 10.00.

Individual Retirement Account (IRA)

Individual Retirement Accounts are available for those eligible under Internal Revenue Service rules. Depositors may chose a variable interest rate with no minimum deposit or a fixed interest rate with a $ 500.00 minimum deposit. Deposits are automatically renewable at the bank's current transfer rate for individual retirement accounts. Early withdrawal penalties are:

Passbook Savings/Statement Savings

Our Savings Accounts are interest bearing accounts for any type of depositor.  They are offered as either Passbook Accounts or Statement Accounts.  With the Statement Savings Account you will receive a statement at least each quarter reflecting interest earned and any transactions that occurred since your last statement.  There is no minimum initial deposit and 2 withdrawals are allowed each month. Service charges are:

Simplified Employee Pension Plan

Lee Bank & Trust Company accepts SEP contributions from eligible employers. Deposits are subject to all regular IRA rules.