Current
Rates

Solutions to Give You the Financial Flexibility You Need

Look to Lake Shore Savings for competitive rates and professional guidance to help you find the best products for your needs. If you’re not sure which options are right for you, or if you have questions, please call or stop in to your local Lake Shore Savings branch. We’ll be happy to help you determine the loan or account that best fits your financial needs.

Mortgage

Fixed rate as low as

6.313

 See below for details.

Home Equity Line of Credit

12-month introductory rate

4.50

Looking for a lump-sum loan? We also offer
Home Equity loans. See below for details.

Savings

 Certificate of Deposit Savings rates as high as

3.15

on new deposits.

Whether you’re buying a new home or refinancing, Lake Shore Savings is committed to helping you find the loan that’s right for you. Take a look at our current mortgage rates:

10-Year Term: Conforming Rate 6.000%, APR 6.333%
15-Year Term: Conforming Rate 6.125%, APR 6.361
%
20-Year Term: Conforming Rate 6.125%, APR 6.313%
30-Year Term: Conforming Rate 6.375%, APR 6.519%

APRs are based on $100,000 purchase mortgage loan amount and 20% down payment. Rates are subject to change without notice, and are based on credit score and loan to value. Please ask for details. Lock-In Fee of $500 is to be collected at time of application if customer desires to lock in rate. Biweekly loans must be set up on auto-pay (no construction or escrow funds). Must be owner-occupied, single-unit property for conforming rate. Construction loans use non-conforming rate. Loans over the conforming limit ($548,250) for qualified applicants are considered using non-conforming rates. All APRs and rates are accurate as of November 16, 2022 and are subject to change without notice.

We also offer No Closing Cost Mortgages on Purchases or Refinances. Call or visit your local branch for details.

ALL RATES LISTED ARE SUBJECT TO CHANGE WITHOUT NOTICE.

If you’re not sure which loan is right for you, or if you have questions regarding any of our options, please call or stop in to your local Lake Shore Savings branch. Onsite loan specialists are available at every Lake Shore Savings branch.

To apply today for a mortgage, please click the link below to be taken to our online mortgage center.

Apply for a Mortgage Online

Borrowing against the equity you’ve built in your home provides the opportunity for you to consolidate debt, pay down expenses or just ensure that the money you need is there when you need it. Let us help you with our “All in One” Home Equity Loan, which can provide you with the flexibility of a home equity line of credit as well as term out options.

Stop in or call your local Lake Shore Savings branch, we’ll be happy to assist you!

To apply today for a home equity loan, please click the link below to be taken to our online application.

Whether you’re saving for a specific expense or building up your nest egg to prepare for the future, we have the right savings account to fit your needs.

The following CDs must be opened with funds that are not currently on deposit with Lake Shore Savings Bank.

Term APY1 Interest Rate
14-Month 2.75% 2.72%
30-Month 3.00% 2.96%
57-Month 3.15% 3.11%

Funds must not currently be on deposit with Lake Shore Savings Bank to be eligible to open. $500 minimum deposit required to open any CD. Offer subject to change without notice.

The following money market savings account must be opened with funds that are not currently on deposit with Lake Shore Savings Bank.

Account APY1 Term
New Money
Money Market
Savings
2.00% Variable Rate

Funds must not currently be on deposit with Lake Shore Savings Bank to be eligible to open. Offer subject to change without notice.

For the latest rates on CDs, please visit or call your local Lake Shore Savings branch. Rates subject to change without notice.

The minimum to open an account and earn the minimum APY is $500.

Term APY1 Interest Rate
3-Month 0.100% 0.100%
6-Month 0.150% 0.150%
1-Year 0.150% 0.150%
18-Month 0.200% 0.200%
2-Year 0.300% 0.300%
3-Year 0.350% 0.350%
4-Year 0.450% 0.450%
5-Year 0.500% 0.500%

$500 minimum deposit required to open any CD. Offer subject to change without notice.

Minimum to open account is $10.00.

APY1 Interest Rate Minimum Balance to Earn APY
0.750% 0.750% $25,000 and up
0.500% 0.500% $5,000 up to $24,999
0.350% 0.350% $2,500 up to $4,999
0.100% 0.100% up to $2,500

This account is designed for those who have a high deductible health plan.  There is a $10.00 minimum balance required to open the account or to obtain the annual percentage yield (APY) disclosed.  There is no minimum balance requirement to avoid fees.  The APY is based on no withdrawals and no change in the interest rate for a full year. The interest rate for this account is determined at the discretion of the Bank and may change at any time.  Interest will be compounded daily and credited monthly.  If the account is closed prior to the last day of the month, interest accrued but not credited will be forfeited. Interest is calculated by the daily balance method, which applies a periodic rate to the end of day balance in the account each day. Interest will begin to accrue no later than the business day we receive provisional credit for the deposit of noncash items (for example, checks) into your account.  There are no transaction limits on this account however, IRS contribution limitations do apply. Lake Shore Savings Bank assumes that all deposits to the account are current year contributions unless otherwise stated. Lake Shore Savings Bank assumes that all debits from the account are qualified distributions unless otherwise stated.

1All Annual Percentage Yields (APY’s) and rates are accurate as of September 23, 2022 and are subject to change without notice. Any APY provided in this disclosure assumes interest will remain on deposit until maturity, for accounts with terms, or for at least one year for accounts with no terms. Fees and withdrawals will reduce earnings. Early withdrawal penalties may apply for CDs. Fixed rates for accounts with no specific maturities are in effect for 30 days from the effective date disclosed above. Fixed rates for accounts with specific maturities are in effect until maturity. Rates for variable rate accounts may change at any time and without notice. See your account disclosures for additional information about your account. Current rate information can be obtained by calling any of our offices.