High Yield Savings Account

It’s a savings account that earns higher than average interest on the balance amount. With First Bank of the Lake's high yield savings account, you’ll earn one of the nation's top savings rates—with no fees to maintain your account. This high yield online savings account is FDIC-insured up to the allowable limits.

High yield savings accounts are great for building emergency funds, saving for big purchases and long-term goals or a safe account for your retirement funds. A high yield savings account could help you maintain flexibility and earn interest while you work towards your savings goals.

All applicants must be at least 18 years of age and must be U.S. Citizens to apply. When you are opening your online account, you will also be required to consent to electronically receive all the disclosures applicable to your account.

If you are a business and you would like to open an account, please call 888.828.0167 Monday – Friday 8:30 am to 4:00 pm CT or email info@fblake.bank.

Please note that all applications are subject to our approval.

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each person who applies for an account. To comply with this regulation, we will ask you certain questions regarding your identity.

 

•  Social Security Number

•  Home Street Address (and you can add an additional mailing PO Box)

•  One of the following IDs: Driver’s License Number, State ID, Passport, Military ID, including Issue Date, and Expiration Date (non-expired)

•  Current email address so that we can deliver electronic disclosures to you as well as communicate with you during the new account application process

•  Date of Birth

•  Mobile Number (preferred to verify your identity)

•  Employer Name, Occupation, Annual Income, Job Title

•  You will be required to fund the new account at the time of opening via ACH only

•  Account Number and Routing Number for your current account to fund your account electronically

•  The access to view and print disclosures presented to you via Adobe Acrobat Reader

Yes, you can add one joint owner during the account opening process. Please Note: The only time a joint owner can be added to an account is during the account application/opening process.

 

Personal identifying information will be required for the joint owner.

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each person who applies for an account. To comply with this regulation, we will ask you certain questions regarding the joint owner's identity.

•  Social Security Number

•  Home Street Address (and you can add an additional mailing PO Box)

•  One of the following IDs: Driver’s License Number, State ID, Passport, Military ID, including Issue Date, and Expiration Date (non-expired)

•  Current email address so that we can deliver electronic disclosures to the joint owner as well as communicate with them during the new account application process

•  Date of Birth

•  Mobile Number (preferred to verify the joint owner's identity)

•  Employer Name, Occupation, Annual Income

If you would like to add beneficiaries to your account, please contact us at onlineaccount@fblake.bank or call us at 888-208-3146.

It typically takes 3-5 business days for a new account to fund.

Interest will be compounded monthly and will be credited to the account monthly. If the account is closed before interest is credited, you will not receive the accrued interest for that month.

Limitations:

•  Minimum Balance: You must deposit $2,500 to open this High Yield Savings account. You must maintain a minimum balance of $2,500 in the account each day to obtain the disclosed annual percentage yield. No interest will be paid while balances are under $2,500.

•  Monthly Fees: There is no monthly fee on this account.