Featured Savings Rates
Featured Accounts
Overview / Commentary
218-834-2111
613 First Avenue
Two Harbors, MN 55616

The Lake Bank is headquartered in Two Harbors and is the 125th largest bank in the state of Minnesota. It is also the 3,694th largest bank in the nation. It was established in 1889 and as of March of 2018, it had grown to 27 employees at 3 locations. The Lake Bank has a B+ health rating.

Reviews

No reviews have been left for this bank yet. Be the first to review.



Health
B+

Health Grade Components

Overall
FDIC Certificate #12195
Year Established1889
Employees27
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.97%
Return on Equity - YTD11.02%
Annual Interest Income$1.3MM
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$132.9MM$129.0MM
LoansQ1 2018vs Q1 2017$99.1MM$100.5MM
DepositsQ1 2018vs Q1 2017$120.8MM$117.4MM
Equity CapitalQ1 2018vs Q1 2017$11.7MM$11.1MM
Loan Loss AllowanceQ1 2018vs Q1 2017$1.6MM$1.6MM
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$2.0MM$4.0MM
Real Estate OwnedQ1 2018vs Q1 2017$680.00K$1.4MM
Rates
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not The Lake Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

The Lake Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.05%$100-Variable IRA
0.25%--Regular Savings Account

The Lake Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%*$50k*-Money Market Checking Account
OTHER TIERS: 0.05% $500 - $50k

The Lake Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%*$10k*-Investment Checking Account
OTHER TIERS: 0.05% Up to $3k | 0.10% $3k - $10k
0.10%*$1k*-Loyalty Checking Account
OTHER TIERS: 0.05% Up to $1k

The Lake Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.50%*$5k*-60 Month CD
OTHER TIERS: 1.40% $100 - $5k
1.35%*$5k*-48 Month CD
OTHER TIERS: 1.25% $100 - $5k
1.15%*$5k*-36 Month CD
OTHER TIERS: 1.05% $100 - $5k
1.05%*$5k*-24 Month CD
OTHER TIERS: 0.95% $100 - $5k
0.90%*$5k*-18 Month CD
OTHER TIERS: 0.80% $100 - $5k
0.75%*$5k*-12 Month CD
OTHER TIERS: 0.70% $100 - $5k
0.40%*$5k*-6 Month CD
OTHER TIERS: 0.35% $100 - $5k

The Lake Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.50%$100-60 Month Fixed IRA
1.35%$100-48 Month Fixed IRA
1.15%$100-36 Month Fixed IRA
1.05%$100-24 Month Fixed IRA
0.90%$100-18 Month Fixed IRA
0.75%$100-12 Month Fixed IRA
0.40%$100-6 Month Fixed IRA
Locations


The Lake Bank Locations
The Lake Bank613 First AvenueTwo Harbors, MN 55616
Silver Bay Branch88 Outer DriveSilver Bay, MN 55614
Super One Branch802 11th StreetTwo Harbors, MN 55616

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact feedback@depositaccounts.com to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.