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Investment Rates

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Submitted by on Wed, 29.08.2012 - 19:33
Type
Term

%

Investment Minimum
Penalty for early redemption
Loan Certificate *
2 Year
0-2.00%
$25
Up to 3 months interest earned
 
3 Year
0-2.50%
$25
Up to 3 months interest earned
 
5 Year
0-3.00%
$25
Up to 6 months interest earned
Demand**
***
1.00%
$25
N/A
IRA**
***
4.00%
$250
N/A

*Interest paid annually. Semi-Annual, Quarterly and Monthly interest may be requested if the amount of the investment is above $25,000, $50,000 and $100,000 respectively.

** Interest paid annually

*** Payable within 30 days of LACE's receipt of a written demand for redemption by the Certificate Holder except in the state of South Carolina where Demand Certificates are not offered and IRA Certificates have a 5-year term.
 
    
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