PERSONAL CHECKING ACCOUNTS
LINCOLN MONEY SAVER: $100.00 deposit required to open account. No minimum balance required after opening. No monthly service charge. Unlimited checking. Descriptive monthly statement – imaged checks are not returned. Carbonized duplicate checks recommended at a minimum cost and you may apply for Visa Debit Card at account opening.
LINCOLN EXCLUSIVE CLUB ACCOUNT: $100.00 deposit required to open account. No minimum balance required after opening. Imaged checks provided with statement. Free standard club checks. Ten thousand dollars ($10,000.00) 24 hour accidental death insurance non-reducing with age). Fifty percent (50%) discount on Lock Box Rental per year (subject to availability). Several other bank products and services offered at a discount and may apply for a Visa Debit Card at account opening. Monthly membership fee of $7.00.
LINCOLN EXCLUSIVE CLUB 50 (NOW ACCOUNT):
As a member of age 50 or more, you get an extra $150,000.00 Common Carrier accidental death and dismemberment insurance and earn interest on any account balance at a reduced membership fee of $5.00.
REGULAR CHECKING ACCOUNT: $500.00 deposit required to open account and must maintain a minimum balance of $500.00. If balance falls below the minimum a $7.00 monthly service charge will be assessed when statement is prepared. Customer pays for personalized checks of their choosing and may apply for a Visa Debit Card at account opening.
SUPER NOW INTEREST BEARING ACCOUNT: $1000.00 deposit and balance (in checking or savings account) required to open the account and earn interest. If balance falls below the minimum, interest will be paid and a $7.00 service charge will be assessed when statement is prepared. Interest is compounded monthly and credited to the account monthly. Customer pays for personalized checks of their choosing and may apply for a Visa Debit Card at account opening.
LINCOLN HI FI – MONEY MARKET ACCOUNT: $2500.00 deposit and balance required to open the account and earn interest. Interest rate varies depending on balance in the account. There are limitations on withdrawals allowed per month (a maximum of six (6) electronic withdrawals or three (3) electronic withdrawals and three (3) third party checks). Unlimited cash withdrawals. If balance falls below minimum or withdrawals exceed limits a $15.00 service charge will be assessed when statement is prepared.
BUSINESS ACCOUNTS
BUSINESS CHECKING ACCOUNT: Sole proprietorships, Doing Business As (dba’s) or Partnerships require a $700.00 deposit to open account. If balance falls below the minimum of $700.00 a monthly service charge of $8.00 will be assessed when statement is prepared.
CORPORATE BUSINESS ACCOUNTS: Options provided include: No charge for deposits, locked Deposit Bags, Night Depository Service, Wrapped Coin and Strapped Currency provided, Direct Deposit of payroll or accounts receivable by ACH (Automated Clearing House) and other services. Please contact a New Accounts representative for more information.
STATEMENT SAVINGS ACCOUNT: $100.00 minimum deposit required to open account. If withdrawals are in excess of 8 per calendar quarter a quarterly service charge of $15.00 will be assessed when statement is prepared. Interest will be paid on daily balance and will be credited to the account at calendar quarter. Rates are subject to change weekly.
CHRISTMAS CLUB ACCOUNT: Fifty (50) weekly payments. Automatic weekly transfers from a checking or savings account to your Christmas Club account. Interest paid at current statement savings rate and is subject to change weekly. If closed prior to completion, no interest will be paid.
CERTIFICATES OF DEPOSITS (CD): $500.00 minimum required to open a CD and to obtain the APY quoted in the rate chart. We have terms of 91 days (3 months), 182 days (6 months), l year, 18 months, 2 year, 30 months, 3 years, 4 years and 5 years for a Certificate of Deposits. Rate is locked for the term of the CD. If any part or all of the principal is withdrawn before maturity a penalty will apply. A 30 day penalty applies to the terms of 91 days, 6 months and 1 year certificates. A 90 day penalty applies to the terms of 18 months, 2 years and 30 months certificates. A 182 day penalty applies to the terms of 3 years, 4 years and 5 year certificates.
INDIVIDUAL RETIREMENT ACCOUNTS (IRA): $100.00 minimum required to open a One Year Monthly Deposit IRA account. Deposits may be made weekly, monthly or semi-annually. Interest rate is the same as a twelve month (12) IRA account. $500.00 minimum to open all other IRA accounts. We have terms of 91 days (3 Months), 182 days (6 months), l year, 18 months, 2 years, 30 months, 3 years, 4 year and 5 year for an IRA account. Rate is locked for the term of the IRA. If your are not 59 ½ years of age a penalty will be applied if any part or all of principal is withdrawn prior to maturity. A 30 day penalty applies to the terms of 91 days, 182 days and l year terms. A 90 day penalty applies to 18 months, 2 years and 30 month terms. A 182 day penalty applies to the terms of 3 year, 4 year and 5 year terms.
LOANS: Lincoln National Bank offers a wide variety of loans and at very competitive rates. Loans currently offered are:
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- Commercial Real Estate Loans
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Lincoln National Bank also offers Secondary Market Loans with a fixed rate of various maturities. The following loan types are available:
- Veterans Administration (VA) Loans
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- Federal Home Administration (FHA) Loans
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- Kentucky Housing Corporation (KHC) Loans
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For more information please call 270-358-4ll6 and ask to speak to any one of our loan officers.
CASH RESERVE: Attach a line of credit to your checking account. You “write” your own loans. Applications may be obtained from the loan department and are subject to approval.
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