- Earns Interest*
- Low monthly service charge
- $200 minimum deposit to open
LSB Business Savings
Business Savings is an attractive account for both individuals and businesses. You will have easy access to your money with this interest-bearing savings account that features balance requirements.
Key Features:
- Low monthly service charge
- LSB Online Banking
- LSBTexas Mobile Banking
- LSB Bill Pay
- LSB E-Statements with images
- Balance Requirements
*Interest will be compounded daily. Interest will be credited monthly. If you close your account before interest is credited, you will not receive the accrued interest. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks).
Daily Balance Method. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Excess withdrawal fees apply to the excess over six pre-authorized or telephonic transfers or third party checks, per statement cycle.
Maintenance fees, Activity fees, or Withdrawals will reduce earnings.
To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions obtain, verify and record information which identifies each person or organization opening an account. In addition, on legal entity accounts, we will require identification on beneficial owners and controlling person.
When an account is opened, we will request name, address, date of birth and other information which will allow us to identify all signers. We may also require presentation of a driver’s license, passport or other identifying documents.
When an account is opened, we will request name, address, date of birth and other information which will allow us to identify all signers. We may also require presentation of a driver’s license, passport or other identifying documents.
