Lake Ridge Bank introduces a lucrative high-yield savings account offer that promises a 3.59% Annual Percentage Yield (APY) for balances above $10,000, making it a compelling choice for savvy savers.
Key Features of the Account
This high-yield savings account requires a minimum opening balance of $10,000, ensuring a competitive interest rate for those looking to maximize their savings. However, it's important to note that the interest rate is variable and may fluctuate after the account has been opened.
Withdrawal Policy
It's crucial to be mindful of the withdrawal policy associated with this account. Lake Ridge Bank imposes a $25.00 fee for each withdrawal exceeding one per month, incentivizing customers to maintain a consistent savings strategy.
Important Details
The high-yield savings account offer is tailored for personal accounts and is subject to change without prior notice, highlighting the importance of seizing this opportunity promptly. Additionally, the account is FDIC-insured, providing customers with peace of mind regarding the safety of their funds. For those interested, Lake Ridge Bank's high-yield savings account is conveniently located at 6430 Bridge Road, Monona, WI 53713.
In conclusion, Lake Ridge Bank's high-yield savings account stands out as a reliable option for individuals seeking to grow their savings effectively. With a competitive APY, reasonable withdrawal policies, and FDIC insurance, this account offers a comprehensive savings solution worth considering.