Savings Accounts
Account Options for All Ages
| Smart Savings | Money Market Savings | Junior Savings | Christmas Club Savings | |
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| 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 |  |
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| Free direct deposit | |
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| Savers card incentive (to earn gift certificates to local businesses) | |
Open an Account
You can open an account online or in-person at Ladysmith Federal.
No matter how you apply, you'll need:
- Your Social Security number
- Valid ID (driver's license, state ID, or passport)
- Current residential address
- Funds to deposit
Accounts for Retirement, Businesses, Non-Profits, & children 17 and under must be opened in-person.
OPEN A NEW ACCOUNT SEE CURRENT RATES
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:
- Payroll
- Dividends/interest
- Social Security
- Annuities, pensions and/or IRAs
- Expense reimbursements
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
Give us a call for box size availability and annual fee information (715) 532-3389.