Services About Community Contact
(507) 662-6680 Open an Account
Serving Lakefield & Southern Minnesota Since 1903

Build Your Financial Future With a Bank That Knows Your Name

At Lakefield Savings Bank, we combine over a century of community roots with modern banking solutions. From first-time homebuyers to seasoned investors, we tailor every relationship to help you grow, protect, and enjoy what matters most.

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120+ Years of Service
15K+ Families Served
4.9 Community Rating
Lakefield Savings Bank branch interior with welcoming staff assisting a customer
Lakefield community downtown street scene
FDIC Insured Up to $250,000
What We Offer

Comprehensive Banking Built Around You

Whether you're saving for a down payment, planning for retirement, or looking for a reliable checking account, we have the tools and expertise to guide you every step of the way.

Home Lending & Mortgages

From your first home to your dream retreat, we offer competitive mortgage rates and personalized guidance. First-time buyer programs, refinancing, and jumbo loans — all with a local touch.

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Savings & Deposits

High-yield savings accounts, certificates of deposit, and money market accounts designed to help your money work harder. No hidden fees, no surprises — just honest growth.

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Checking Accounts

Everyday checking with real benefits — no monthly maintenance fees on qualifying accounts, free mobile deposit, and access to our full ATM network across southern Minnesota.

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Wealth Management

Trust services, estate planning, and investment management from advisors who understand your family's legacy. We treat your wealth with the same care you would.

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Business Banking

Commercial lending, business checking, merchant services, and cash management solutions for Lakefield's entrepreneurs and organizations. Your success is our business.

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Personal Guidance

Financial planning consultations, retirement readiness reviews, and one-on-one sessions with a banker who remembers your story. No pushy sales — just honest advice.

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Lakefield Savings Bank exterior building on Main Street
Friendly bank teller assisting a customer at the counter
120+ Years Serving
Our Community
Our Story

A Community Bank Rooted in Trust

Lakefield Savings Bank opened its doors in 1903 as a small savings institution serving local farmers and families. Today, we remain proudly independent — locally owned, community focused, and committed to the same values that started us: integrity, personal service, and a genuine investment in your prosperity.

We're not a faceless corporation with a call center. When you walk through our doors on Main Street, you're greeted by name. Your banker knows your business, your goals, and the dreams driving your financial decisions. That personal connection is something no algorithm can replicate.

Locally owned & operated since 1903
FDIC insured — your deposits are safe
Personalized service, no automated runs around
Competitive rates with no hidden fees
Meet Our Team
Community Voices

Trusted by Families Across Lakefield

For over a century, Lakefield Savings Bank has been more than a financial institution — we're your neighbors, your community partners, and your trusted advisors.

"

When we bought our first home, the team at Lakefield Savings walked us through every step. They made a process that seemed overwhelming feel completely manageable. We couldn't have asked for better guidance.

Local Homeowner Lakefield, MN
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I've banked here for over 30 years. Through career changes, family growth, and retirement planning, my banker has always been someone I can call directly. That kind of relationship is priceless.

Longtime Member Lakefield, MN
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As a small business owner, I needed a bank that understood my cash flow needs. Lakefield Savings set up a commercial account that actually works for me — not some one-size-fits-all package from a big bank.

Local Business Owner Lakefield, MN

Ready to Experience Banking the Right Way?

Visit us at our Main Street branch, give us a call, or stop by for a no-obligation consultation. Your financial future deserves a partner who truly cares.

Schedule a Visit Call (507) 662-6680
Get in Touch

Visit Us Today or Reach Out Online

We're here to help with any question — whether you want to open an account, explore lending options, or simply learn more about how we can serve you.

Address 313 Main St, Lakefield, MN 56150
Phone (507) 662-6680
Hours Mon–Thu: 9:00 AM – 5:00 PM
Friday: 9:00 AM – 6:00 PM
Sat–Sun: Closed

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