Savings Accounts

Account Options for All Ages

Comparison table of personal savings accounts
  Smart Savings Money Market Savings Junior Savings Christmas Club Savings
Ideal customer For savers who maintain lower balances For savers who maintain higher balances and want a higher interest rate For savers who are 18 years old or younger For savers who want to set aside money for the holidays at a premium interest rate
Minimum opening deposit $10 $1,000 $10 $10
Monthly balance to maintain $10 $1,000 None! None!
Monthly fee $1 (if account balance falls below $100) $2 (if account balance falls below $1,000) None! None! ($5 dormancy fee charged if account is dormant for 1 year)
Number of free withdrawals per month unlimited 3 (additional withdrawals cost $1 each) unlimited None (full balance is sent via check in mid-October)
Free Online Banking Yes Yes Yes Yes
Free direct deposit Yes Yes Yes Yes
Savers card incentive (to earn gift certificates to local businesses)     Yes
Learn more about the perks of Junior Savings accounts here

Open an Account


Direct Deposit

We are proud to offer our customers free direct deposit. With direct deposit, your entire check is deposited automatically into your checking account. Direct deposit can be a one-time or recurring deposit, including:

The company or individual initiating the direct deposit will need your 10-digit account number as well as Ladysmith Federal’s routing number: 291571267.

Savings Calculator

Safe Deposit boxes available ad

Some content requires Adobe Acrobat Reader to view.