Savings Account Features
A savings account from LANB is a great way to save. With your money in savings your money earns a high rate and is always available to you to meet unexpected expenditures should they arise.
- You can open a basic savings account with as little as $1.00.
- Interest is compounded daily and paid monthly. View interest rates.
- A summary of account earnings is provided on your bank statement.
- Deposits and withdrawals may be made in person at our Main Office, White Rock Office, Santa Fe Office, or through any ATM where you see the Plus symbol.
You can arrange to transfer funds between your savings account and your checking account using Online Banking, LANB Phone Banking or an ATM. You can also contact a Customer Service Representative.
Savings Overdraft Protection
An alternative method to ABC overdraft protection is through your LANB savings account. Any time your checking account falls below the required minimum balance, money will be taken from your savings account in $100 increments to protect your checking account from being overdrawn. This is a great way to avoid unnecessary service charges without applying for a loan. For more information on this service see your LANB account service representative or call (505) 662-5171.