Bank of Lake Mills is a private, state chartered bank located in Lake Mills, WI.  Bank of Lake Mills offers a full line of bank products and services to the community.  The bank offers checking accounts, savings accounts, money market accounts, CDs, personal loans, automobile loans both new and used, business loans, farm loans as well as home mortgage and commercial lending.

As of September 30, 2008 the bank had total assets of $156,501,000.00.  The banks total risk based capital ratio was 13.68% and the tier 1 risk-based capital ratio was 12.43%.

Bank of Lake Mills is now offering a 10 month CD rate that surpasses the rates offered on the entire national list for the best 1 year CD rates.  The 10 month CD at the bank is being marketed with an interest rate of 3.40% APY.  The bank is also promoting a special 31 month CD that yields a rate of 3.50% APY.  The minimum deposit to open these CDs and obtain the advertised CD rate is $2,500.00.

Standard CD rates offered by the bank include:

3 month CD rate of 2.25% APY
6 month CD rate of 2.40% APY
1 year CD rate of 2.90% APY
18 month CD rate of 3.25% APY
2 year CD rate of 3.50% APY
30 month CD rate of 3.60% APY
3 year CD rate of 3.705 APY
4 year CD rate of 3.85% APY

The bank CDs for less than one year require a $2,500.00 minimum deposit to obtain the CD rate while the CDs for longer terms require a $500.00 minimum deposit.

In addition to these rates the bank has an 18 month variable rate CD that is currently being offered at an interest rate of 3.25% APY.  The minimum deposit for this bank CD is $100.00.

All CD rates are subject to change without notice and additional conditions may apply to open the bank CDs.  The bank can be contacted at 920-648-8336 for current CD rates information as well other account information.  The bank website holds current rates on CDs, money market accounts, savings accounts and interest bearing checking accounts.  The bank web address is www.bankoflakemills.com.

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