• Minimum opening deposit $100 ($50 for students)
• No per check charges
• No minimum balance
• No maintenance fees
• No charge for Bank of Lancaster ATM transactions

Your maintenance-free checking account also includes valuable safety and convenience features such as:

• FDIC Insured
• Images of all your canceled checks in every monthly statement
• 24-Hour access with ATM, Check-N-Advantage Debit Card, Telebanking, and OnlineAdvantage
• Direct Deposit and Automatic Debit
• Wire Transfer

 
NOW Interest Checking Account
Put your money to work for you with our interest-bearing checking account.

• Minimum opening deposit $1,000
• Unlimited checking
• Earn interest on your balance
• No monthly maintenance fee as long as your average balance does not fall below $1,000.

Your NOW Interest Checking Account also includes valuable safety and convenience features such as:

• FDIC Insured
• Images of all your canceled checks in every monthly statement
• 24-Hour access with ATM, Check-N-Advantage Debit Card, Telebanking, and OnlineAdvantage
• Direct Deposit and Automatic Debit
• Wire Transfer

Bonus Money Market Account
Open a Bonus Money Market Account to earn a higher rate of interest combined with easy access to your funds.

• Minimum opening deposit $2,500
• Money market interest compounds monthly
• Higher interest rates for higher balances
• Transactions are restricted to six (6) third party transactions per statement period
• No monthly maintenance fee as long as your average balance does not fall below $2,500

Your Bonus Money Market Account also includes valuable safety and convenience features such as:

• FDIC Insured
• Images of all your canceled checks in every monthly statement
• Direct Deposit and Automatic Debit
• 24-Hour access, Telebanking, and OnlineAdvantage
• Wire Transfer

Savings

Statement Savings Accounts
Put your "extra" money into a Bank of Lancaster Statement Savings Account! The more money you have to invest and the longer you can keep it invested, the more interest you will earn.

• Minimum opening deposit $100
• Transactions are restricted to six (6) third party transactions per statement period
• No monthly service fee unless balance falls below $100

Your Statement Savings Account also includes valuable safety and convenience features such as:

• FDIC Insured
• Direct Deposit and Automatic Debit
• 24-Hour access, Telebanking, and OnlineAdvantage
• Wire Transfer

Certificates of Deposit

Certificates of Deposit (CDs) combine capital preservation with income. CDs earn a fixed rate of interest until they mature. Generally, the longer the maturity, the higher the yield.

• Minimum opening deposit $1,000
• No set-up or custodial fees
• No maintenance fees
• Convenient automatic renewal at maturity
• Withdrawals before maturity may be subject to penalty
  (1-3 months interest on the amount withdrawn)

Your Certificate of Deposit also includes valuable safety and convenience features such as:

• FDIC Insured
• Benefit from a fixed interest rate for 31 days to 5 years. Premium rates apply to Golden Advantage Accounts
• Earned interest can be reinvested in your certificate, deposited to another account or paid by check

Individual Retirement Accounts (IRAs)

Because earnings on all IRAs are either tax-deferred or tax-free, an IRA could be an important part of your financial plan. Choose either a fixed or variable rate IRA, whichever meets your retirement needs.

Fixed-rate IRAs earn a set rate of interest until maturity

• Minimum opening deposit $1,000
• Benefit from a fixed interest rate for 12 to 60 months
• Conveniently renews automatically at maturity
• Transfers and IRS qualified withdrawals at maturity are penalty-free*

Variable-rate IRAs earn market interest rates

• Minimum opening deposit $50
• Additional deposits accepted any time
• Interest rate changes quarterly based on previous quarter's US Treasury Bill rates
• Transfers and IRS qualified withdrawals can be made anytime*

* Early withdrawals from some IRAs may be subject to IRS penalty. If you are age 70 1/2 or older, you may be subject to minimum distributions from your IRA. Withdrawals from fixed-rate Bank of Lancaster IRAs before maturity may also be subject to a penalty (1 to 3-months interest on the amount withdrawn).

There's an IRA for Almost Everyone

• Traditional
• Roth
• Spousal
• Education
• Rollover
• Transfer

We'll help you distinguish between IRAs and understand how to qualify for tax-saving treatment on contributions, earnings and withdrawals.

Your IRA also includes valuable safety and convenience features such as:

• FDIC insured separately from your other Bank of Lancaster accounts
• High earnings
• No set-up or custodial fees
• Relief from IRS recordkeeping

HSA works in conjunction with a high deductible health plan.

• Minimum opening deposit $50
• Annual Fee
• Additional deposits accepted anytime
• Interest rate changes quarterly based on previous Quarter’s US Treasury Bill rates
• Tax-free withdrawals can be made to pay or be reimbursed for qualified medical expenses incurred after establishing the HSA*

* Qualified medical expenses are those that qualify for the medical and dental expenses deduction, as explained in IRS Publication 502, Medical and Dental Expenses.