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Savings Accounts

Basic Savings, Kids Savings and Health Savings Accounts

Saving money is a vital financial skill whether you are 5, 25, or 65 years old. Lena State Bank makes it easy to save by offering multiple savings accounts with their own benefits. They can help you save for whatever comes next in life, and our Health Savings Accounts can help you save specifically for future medical expenses.

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

AccountOpening DepositFeesInterestBenefits

Basic Savings

$250

$2.00 monthly service charge if balance falls below $250

Yes

Funds are easily accessible

Free 24/7 Online Banking, Mobile Banking and Online Bill Pay

Option for children age 13-18: minimum balance of $25 and the service charge is waived

Interest compounded and credited quarterly

Cash Crew Savers Club- for kids up to age 13

$25

N/A

Yes; Compounded and paid semi-annually

For every $5 deposited, one Cash Crew Buck is awarded (limit 100 per calendar year)

Cash Crew Bucks can be redeemed for items displayed at the bank

The Centsables program®, a program aimed at helping children gain financial powers

Upon turning 13 years old, the Cash Crew Savings Account is switched over to a Basic Savings Account

Health Savings Account*

$100

No Monthly Service Charge

$3.00 monthly paper statement fee if not enrolled in E-Statements

Yes; Tiered (Minimum $2,500 balance required to obtain disclosed APY)

Tier 1: $2,500-$9,999

Tier 2: $10,000 and higher

Allows you to put money away for future medical expenses

Linked to a high-deductible health plan (HDHP)

Tax-exempt account – for qualified withdrawals

Can be used on qualified medical expenses for yourself (single HSA) or for your spouse and/or your dependents (family HSA)

Free 24/7 Online Banking, Mobile Banking and Online Bill Pay

Optional MasterCard Debit Card

Checks available (charged separately)

*Check for eligibility