Checking Accounts

Choose from a Variety of Checking Accounts at Lena State Bank

No two people spend money the same way or have the same financial goals. At Lena State Bank, we understand this and offer numerous types of checking accounts for customers of all ages. Take a look at the checking accounts we offer below.

For current rates, fees, full account details and full disclosures, contact Lena State Bank’s Customer Service Department at 815-369-4901 or toll free at 866-369-4901.

Secure Choice Checking

Key features:

  • Opening minimum deposit of $100
  • Unlimited account transactions (checks and debit card transactions)
  • Free 24/7 Online Banking, Mobile Banking and Online Bill Pay
  • Low $5.50 monthly service charge
  • LSB MasterCard Debit Card
  • Complimentary IDProtect® Identity Theft Protection Service
  • Complimentary Cellular Telephone Protection

Fees : $2.00 per month discount if enrolled in E-Statements, reduces monthly service charge to $3.50 per month

E-Select Checking

Key features:

  • Opening minimum deposit of $100
  • No minimum balance
  • Free 24/7 Online Banking, Mobile Banking and Online Bill Pay
  • Debit Card with no annual fee

Fees : No monthly service charge if account has E-Statement enrollment;
$2.00 per month service charge if no E-Statement enrollment.

Classic Checking- for customers 65+

Key features:

  • Opening minimum deposit of $100
  • No minimum balance
  • No monthly service fee

Monthly statement will be received (check images not included). Checking account is not an interest-bearing account.

 

Discover Checking- for customers age 50+

Key features:

  • Must be a Discover Club Member
  • No minimum balance to open checking account
  • Must have a minimum on deposit  of $10,000.00 with Lena State Bank to establish Discover Checking
  • No service charge or per item fee
  • Interest-bearing, with interest compounded and credited monthly
  • Interest paid on daily collected balance in tiers:
    • Tier 1:  $1,000-$4,999
    • Tier 2:  $5,000-$9,999
    • Tier 3: $10,000 and higher
  • Free Online Banking and Online Bill Pay
  • Free Discover Club printed checks

 

Investor Checking

Key features:

  • Opening minimum deposit of $1,000
  • Interest compounded and credited monthly
  • Interest paid on daily collected balance in tiers:
    • Tier 1: $1,000-$4,999
    • Tier 2: $5,000-$9,999
    • Tier 3: $10,000 and over
  • Free Online Banking and Online Bill Pay
  • Optional ATM/Debit Card

Fees : $5.00 service charge if minimum daily balance falls below $1,000;
no per item charge

 

Investor Money Market Account

Key features:

  • Requires Investor Checking Account
  • Minimum balance to open of $10,000
  • Interest paid on collected daily balance in tiers:
    • Tier 1: $10,000-$24,999
    • Tier 2: $25,000-$49,999
    • Tier 3: $50,000 and over
  • No checks for this account

Fees : $10.00 service charge if minimum daily balance falls below $1,000;
$10.00 fee for every debit over six (6) allowed per statement cycle.

 

Money Market

Key features:

  • Minimum balance to open of $1,000
  • Interest compounded and credited monthly
  • Interest paid on daily collected balance in tiers:
    • Tier 1: $1,000-$9,999
    • Tier 2: $10,000-$49,999
    • Tier 3: $50,000 and higher

Fees : $4.00 service charge if minimum daily balance falls below $1,000;
$10.00 fee for each debit over six (6) per statement cycle.

 

*Optional Savings Transfer Protection is available on all checking accounts,
stop in or call 815-369-4901 for further details
*All rates are subject to change