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When you're just starting out, defining your financial goals can be difficult, just like reaching them. Defining your goals can be a process and they may change over time. We want to help you begin your financial journey, set goals and achieve them, whatever they may be. Check out some of our solutions below that are just right for those just starting out.

Total Access Checking

TOTAL ACCESS CHECKING2


At Lake Forest Bank & Trust Company, we put the needs of our customers first. That’s why we developed our Total Access Checking Account with unlimited FREE ATM transactions nationwide. With this unparalleled feature and with our unfailing dedication to customer service, it’s clear that the best bank around is Lake Forest Bank & Trust Company. Why bank anywhere else?

Account Benefits:

  • Unlimited FREE ATM transactions nationwide1
  • You may open account with any initial deposit
  • FREE online banking & bill pay
  • FREE first order of checks
  • Unlimited check writing
  • Overdraft protection available3
  • FREE FinanceWorks® 4

1. No transaction charge at any ATM in the Money Pass or Sum surcharge - free networks. Other banks outside the network may impose ATM surcharges at their machines. Surcharge fees assessed by owners of other ATMs outside the network will be reimbursed. Reimbursement does not include the 1% International Service fee charged by MasterCard for certain foreign transactions conducted outside the continental United States. 2. You may open the account with any initial deposit. The account is non-interest bearing. Fees, such as overdraft charges and fees for special services, may apply. A $10 fee will be charged if account is closed within the first six months of opening. See a personal banker for more information. 3. Overdraft line of credit requires credit approval. 4. FinanceWorks powered by Quicken.

SingleSolution Checking®

Our SingleSolution® Checking Account is the only account you’ll ever need. It offers a tiered interest structure, discounts at local merchants, and more! You can utilize some or all of the following benefits:

  • Interest bearing checking where your rate increases with your balance! Please see our Deposit Rates.
  • FREE first order of safety paper checks¹
  • FREE MasterCard® credit card and no extra-fee ATM card or MasterCard® debit card²
  • Free access to SUM and MoneyPass ATMs in the Chicagoland area
  • FREE Bill Pay and Online Banking
  • The account may be opened with any initial deposit
  • There is a daily minimum balance requirement to avoid a monthly service charge3
  • There is a monthly non-activity fee if there are no deposits or checks posted for three consecutive months

Contact a Personal Banker for more details


¹Limitations Apply ²Pending application approval, requires usage. 3A maintenance fee of $10.00 will be imposed every statement cycle if the balance in the account falls below $400.00 any day of the cycle.

 

IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT

To help the government fight the funding of terrorism and money laundering activities, the USA PATRIOT Act requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means to you: When you open an account, we will ask for your name, physical address, date of birth, taxpayer identification number and other information that will allow us to identify you. We may also ask to see your driver’s license and other identifying documents. We will let you know if additional information is required.

Money Market Account

Our Money Market Account combines liquidity and convenience in a tiered variable-rate, interest-bearing account with limited check-writing privileges.

Features & Benefits

  • Minimum Daily Balance of only $2,000.00 to avoid a monthly service fee1
  • Unlimited deposits and up to six preauthorized debits at no charge
  • Unlimited withdrawals when made in person or by ATM, mail or messenger at the bank
  • FREE Online Banking and Telebank

1A maintenance fee of $15.00 will be imposed every statement cycle if the balance in the account falls below $2,000.00 any day of the cycle.

An excessive transaction fee of $15.00 will be charged for each transaction in excess six transactions per month.

Passbook Savings Account

  • You receive a personalized passbook where all of your transactions are recorded at the time of deposit or withdrawal
  • Interest is compounded and paid quarterly
  • There is a minimum balance requirement to avoid a monthly service charge1

1A maintenance fee of $1.00 will be imposed each quarter that the balance in the account falls below $200.00.

An excessive transaction fee of $10.00 will be charged for each transaction in excess six transactions per month.

Statement Savings Account

  • Your account earns interest which is compounded and paid quarterly
  • Statements are also sent quarterly
  • There is a minimum balance requirement to avoid a monthly service charge1

1A maintenance fee of $1.00 will be imposed each quarter that the balance in the account falls below $200.00.

An excessive transaction fee of $10.00 will be charged for each transaction in excess six transactions per month.

Fixed Rate Certificates of Deposit

We regularly offer a wide range of fixed-rate certificates of deposit, including the following terms


  • 3 Months
  • 6 Months
  • 12 Months
  • 18 Months
  • 24 Months
  • 30 Months
  • 36 Months
  • 48 Months
  • 60 Months

Minimum balance to open a fixed-rate certificate of deposit is $1,000.00.

Interest rates vary depending on the term of the CD. Interest is calculated using the daily balance method. You may not make deposits into the account until the maturity date. Subject to early withdrawal penalties.  See CD for our renewal policy and your options on how interest is calculated and paid.

Overdraft Protection

Products & Programs

  • Allows you to cover the unexpected opportunity or the occasional overdraft
  • Flexible line amounts
  • Competitive interest rate


Please download this loan application form, fill it out completely and mail, fax it to (847) 615-4076 or drop it off at the bank. You will need Adobe Acrobat Reader to view the application. If you do not already have Adobe Acrobat Reader, click the image below to download a free copy of the Adobe PDF reader.

IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT

To help the government fight the funding of terrorism and money laundering activities, the USA PATRIOT Act requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means to you: When you open an account, we will ask for your name, physical address, date of birth, taxpayer identification number and other information that will allow us to identify you. We may also ask to see your driver’s license and other identifying documents. We will let you know if additional information is required.

Please contact us if you have any questions.

Auto Loans

Products & Programs

  • Flexible terms
  • Quick turnaround
  • Competitive rates
  • New or used vehicles
  • Loan to value up to 100% for new and up to NADA loan value or Kelley Blue Book loan value for used

Please call (847) 234-2882 and talk to one of our friendly Personal Bankers for more information.