Lake City Bank based in Warsaw, IN is currently offering four new CD account promotions.  The CD rate promotions at Lake City Bank are aptly named the Companion CDs.  The bank CDs are available to checking account holders at Lake City Bank and come with interest rates well above the national average rate for comparable term accounts.  Account holders must maintain an active Lake City Bank checking account for the full term of the Companion CD to earn the advertised annual percentage yield.

The minimum deposit needed to open a Companion CD at Lake City Bank is $10,000.00.  The bank offers six month, 13 month, 44 month, and 60 month term CD accounts.  The current CD rates promoted on these accounts are 0.25% for the six month term CD, 1.01% for the 13 month term CD, 1.51% for the 44 month account, and 2.00% for the five year maturity.

These are fixed rate accounts, the interest rate and APY will remain fixed until maturity.  The CD interest earned the accounts is compounded and credited annually to the Companion CD with the exception of the six month term account which has the interest compounded and credited at maturity. 

Account holders that close their Lake City Bank checking account before the end of the term, may have the terms of the Companion CD rewritten as a standard CD at the current interest rate and APY in effect for regular CDs for the remaining portion of the term. 

The APY disclosed assumes the interest remains on deposit for one year.  The interest rates and Annual Percentage Yields listed are accurate as of 8/1/2014.  Other terms and conditions apply.  More information about the Lake City Bank CD promotions and other accounts and services can be obtained by calling the banks’ main customer service number at (888) 522-2265.

Lake City Bank is an Indiana bank that focuses on serving Indiana consumers and businesses.  Lake City Bank has over $3.0 billion in assets and serves its Indiana customers with over 45 branches located in the following Indiana counties: Kosciusko, Elkhart, Allen, St. Joseph, DeKalb, Fulton, Hamilton, Huntington, LaGrange, Marshall, Noble, Pulaski and Whitley.

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