Lake Shore Savings Bank Rates and Review February 2026
Content reviewed by
Brian McKay
Brian McKayFounder & Data ArchitectExpertise
Brian is the Founder of MonitorBankRates.com. For over 18 years, he has utilized his background in enterprise infrastructure to engineer proprietary systems that track rates from over 8,000 financial institutions.
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Lake Shore Savings Bank's 6-Month Certificate of Deposit (CD) rates are at 3.50%, 14-Month Certificate of Deposit (CD) rates are at 2.95%, 57-Month Certificate of Deposit (CD) rates are at 2.90%, 22-Month Certificate of Deposit (CD) rates are at 2.75%, 3-Month Certificate of Deposit (CD) rates are at 2.55%. You can compare Lake Shore Savings Bank rates to other rates in our database, including 12-month CD rates currently at 2.00%, 6-month CD rates at 3.30% and 3-month CD rates at 0.30%. Savings rates are at 1.51% and money market rates are at 0.05%. Mortgage rates on 30-year fixed loans are around 6.01%. All these rates, and more, can be found in our database of rates which you can compare to Lake Shore Savings Bank rates.
Rate Updates and AvailabilityLake Shore Savings Bank money market rates, and other rates, are continually updated to reflect market conditions, we recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Lake Shore Savings Bank? Share your experience about Lake Shore Savings Bank by leaving a review below, or read customer reviews before you decide to use Lake Shore Savings Bank. Lake Shore Savings Bank Texas RatioLake Shore Savings Bank's Texas Ratio is at 4.70%, which is considered excellent. The Texas Ratio for Lake Shore Savings Bank is lower than the national average of all banks, currently at 6.13%. The Texas Ratio was developed in the early 1980s, and it is used to identify potential problem banks. Banks that have a Texas Ratio of 100% or more have a high chance of failing. MonitorBankRates Rating
5.0
Excellent
Out of 5.0 Stars
Lake Shore Savings Bank has earned a Smart Rating of 5.0 out of 5 stars. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with customer feedback (user reviews) to help you make informed banking decisions. Overall, Lake Shore Savings Bank is a excellent bank worth considering, with an overall rating of 5.0 stars out of 5 stars. Current Interest RatesRate
APY/APR
vs. Avg
"N/A" indicates the product is not offered or the rate is unavailable. 
Lake Shore Savings Bank CD Rates
Methodology & Data SourcesMonitorBankRates Star Rating: Our rating for Lake Shore Savings Bank is derived from comprehensive financial data published quarterly by the FDIC. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with customer feedback (user reviews) to help you make informed banking decisions. Texas Ratio: We calculate the Texas Ratio using standard industry methodology. This ratio compares the bank's non-performing assets to its tangible common equity and loan loss reserves to assess financial health. Rate Data Aggregation: We gather Lake Shore Savings Bank rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.
Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions.
It is always advisable to check with Lake Shore Savings Bank's official website for the most current offers and terms.
Bank Profile & OverviewLake Shore Savings Bank
128 E 4th StDunkirk, NY 14048 Chautauqua Established Date: 01/01/1891 FDIC Certificate #: 30530 Date of FDIC Deposit Insurance: 08/09/1989 Bank Holding Company: LAKE SHORE MHC How Many Domestic U.S. Offices? 12 How Many Branches are There? 12 Website: https://www.lakeshoresavings.com
Is Lake Shore Savings Bank FDIC Insured? Yes
What is Lake Shore Savings Bank's Cert number? 30530
What is the maximum amount for insured deposits? $250,000 per holder, per account
Financial Health & AssetsTotal Assets:
$717,061,000
Total Deposits:
$599,302,000
Equity Capital:
$82,781,000
Net Income:
$1,068,000
Return on Assets (ROA):
0.8045%
Return on Equity (ROE):
7.3200%
Headquarters:
Dunkirk
Regulator:
OCC
# of Offices:
12
Source: FDIC | Last Updated 03/31/2024
Frequently Asked Questions About Lake Shore Savings BankHow do I open an account at Lake Shore Savings Bank?You can typically open an account at Lake Shore Savings Bank by visiting a local branch or applying through their official website. Is there a first-time homebuyer program?Currently, Lake Shore Savings Bank provides a range of mortgage and home equity products. Is Lake Shore Savings Bank a safe place to deposit money?Yes, Lake Shore Savings Bank is considered a safe financial institution. Your accounts are federally insured by the FDIC up to $250,000 per depositor. Does Lake Shore Savings Bank offer online and mobile banking?Most modern institutions like Lake Shore Savings Bank provide digital access including online balance checks and transfers. Compare to other Banks |
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