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Personal Savings Comparison


Personal Savings Accounts

Whether you’re putting money aside for a new car or new home, a college degree or your retirement, we offer great personal savings accounts and products that will help you save more money and reach your financial goals quicker. 

Check out our handy financial calculators to better understand what it will take to reach your personal financial goals.


What Account Is Right For You?

The account comparison table below allows you to compare our options with your needs. Our friendly customer service reps are happy to discuss options in person, by email, or over the phone by calling 641-472-9839. While we’d love to see you in our office, we understand it is not always easy to make it during business hours. Which is why we are excited to now offer the convenience of online account opening! Click the link below to open a new personal account or CD from anywhere at any time online. If you’d prefer to stop into one of our 6 offices you can find us in Fairfiled, Libertyville, Eldon, Keosauqua, Keota, and Douds.  


Open Online Now!

Tips for saving from our VP of Deposits.Headshot of Jennifer Martin

1.) Set a realistic goal and always pay yourself first. Every little bit helps. 2.) Make your savings account deposits automatically by setting up transfers from your checking to your savings account weekly, bi-weekly or monthly. 3.) Keep track of your spending for a month and create a budget.



Scroll to the left to view the rest of the table.


 SAVINGS

LSB E-Rewards Savings
LSB E-Savings
MINIMUM OPENING DEPOSIT
$100
$100 $100
MINIMUM BALANCE
(To avoid minimum balance fee)
$100
- -
minimum balance Fee
(if applicable)
$2
- -
INTEREST PAID ON ACCOUNT
Yes Checkmark
Yes Checkmark Yes Checkmark
BANK TO BANK TRANSFERS Yes Checkmark
Yes Checkmark Yes Checkmark
E-STATEMENTS
Yes Checkmark
Yes Checkmark Yes Checkmark

The following features are offered on all personal savings accounts: Remote Deposit, Mobile Banking & Online Banking.  

LSB E-Rewards Savings is a free, variable rate, deposit account with no minimum balance (to avoid a fee) that rewards accountholders with interest when they meet the minimum qualifications associated with their linked LSB E-Rewards Checking account during each Monthly Qualifications Cycle. 

LSB E- Savings  is a free, variable rate, deposit account with no minimum balance (to avoid a fee)that rewards accountholders with interest when they meet the minimum qualifications associated with their linked LSB E-Checking account during each Monthly Qualifications Cycle. 

Qualifications to be met during the Monthly Qualification Cycle for LSB E-Rewards Savings and LSB E-Savings
  • Have at least 12 PIN-based or signature based debit card purchases, post and settle.
  • Be enrolled in and log into online banking. 
  • Monthly receipt of electronic statements. 


Certificate of Deposits (CD) & Individual Retirement Accounts (IRA)

We also offer two types of Individual Retirement Accounts (IRAs) to choose from, with each helping you earn the most money from your savings. You can also choose from a wide selection of interest-earning Certificates of Deposit (CDs), which let you determine the length of the CD.  

See our account comparison table to select the right account for you.

Scroll to the left to view the rest of the table.


CD
TRADITIONAL IRA
ROTH IRA
POTENTIAL TAX BENEFITS
- Yes Checkmark Yes Checkmark
MINIMUM BALANCE TO OPEN
Yes Checkmark - -
EARNED INTEREST
Yes Checkmark Yes Checkmark Yes Checkmark
EARLY WITHDRAWAL PENALTY
Yes Checkmark - -
FDIC INSURED
Yes Checkmark Yes Checkmark Yes Checkmark
AUTOMATIC RENEWAL AT MATURITY
Yes Checkmark - -

We have financial calculators specifically to help you evaluate your potential retirement needs, and the benefits of CDs and Roth / Traditional IRAs to your financial health!

Secure your future today by talking to one of our friendly bankers contact us online or call 641-472-9839.

 


Libertyville Savings Bank is a locally owned community bank that has been providing customers with the same friendly and professional banking experience since 1901, and we don’t see any reason to change the way we do business today. Extraordinary customer service is important to us and the feedback we receive helps us grow. We would love all of our customers to leave us a review. You can do this by visiting our Facebook page or searching Libertyville Savings Bank on Google. Recommending us to all your friends is the best review you can give us! 


We invite you to check out to what a few customers have to say about banking with us. If you are interested in speaking to one of our knowledgeable lenders or customer service reps you can contact us at customerservice@lsbia.bank or call us at 641-472-9839 today! 

Client Testimonial
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Loving our small towns since 1901!

Libertyville, Fairfield, Eldon, Keosauqua, Keota & Douds.
Remote Deposit Capture (Business Accounts