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 Penalties on the amount withdrawn before maturity are: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:

Savings Accounts

Savings Accounts are interest bearing accounts for any type of depositor. There is a $100.00 minimum initial deposit and 2 withdrawals are allowed each month.  This is account is offered as a Statement Account or Passbook Account.  With the Statement Account you will receive a statement at least quarterly and with the Passbook Account your activity is updated any time the Passbook is presented to a teller.  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.

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