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March 2018
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The Lenco Board of Directors has raised the dividend rate on Money Market Accounts from 0.05% to 0.15%, effective February 1, 2018. You can deposit into, and withdraw from, Money Market Accounts as often as you like, provided you maintain a minimum balance of $2,500.00 Share Account rates were raised from 0.03% to 0.07% and Share Draft Account rates from 0.01% to 0.05%.

 

Looking for a longer term and a better rate. We try to keep our CD rates the highest in Lenawee County. In fact, if you find a higher rate at any Bank or Credit Union in Lenawee County, we’ll match it. Currently, our 1-year CD is at 0.50% and our 2-year CD is at 0.75%. You can go as long as 5 years at a rate of 2.15%.

 

And even more good news – we provide the convenience of opening a Money Market Account or CD using Online Banking. Just login to your account, hover over “New Accounts”, and then either click “More Certificate Info” or “More Share Info”. Rates and terms are disclosed on the next screen. If you have any issues, just contact our office at 517-263-0851 or email us at lenco@lenco.org. Of course, you’re always welcome to visit us in person at either of our 2 branches and we’ll be happy to help you in person. ​​

Ben Neal

CEO

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Disclaimer - All content contained in this newsletter is for informational purposes only and should not be relied upon to make any financial, accounting, tax, legal or other related decisions. Each person must consider his or her objectives, risk tolerances and level of comfort when making financial decisions and should consult a competent professional advisor prior to making any such decisions. Any opinions expressed through the content in this newsletter are the opinions of the particular author only.  


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