Partners In Ministry
Serving Those Who Serve
Enhanced Deposit & Loan Account Services
At St. Ambrose Financial Services, we are committed to delivering innovative solutions that meet the evolving needs of the locations of the Diocese of La Crosse.
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As part of this commitment, we are excited to introduce a new lineup of deposit account products designed to provide greater flexibility, competitive benefits, and enhanced convenience.
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These offerings reflect our dedication to helping each location achieve its financial goals while maintaining the trust and reliability you expect from us.
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In the next section, you’ll find a detailed outline of each new product, including key features, benefits, and how they can support your financial operations.
Traditional Deposit Account
Our Traditional Deposit Account remains the same trusted option you know and rely on. This account offers:
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Unlimited monthly and yearly transactions
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No minimum or maximum balance requirements
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Standard interest rate, which is adjusted quarterly based on our bond yield from the prior quarter.
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This account is designed to provide simplicity and flexibility while maintaining the stability you expect from St. Ambrose Financial Services.
Enhanced Deposit Account
Our Enhanced Deposit Account is designed for locations seeking higher returns while maintaining flexibility. Key features include:
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Minimum balance requirement: $10,000
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Unlimited deposits (monthly and annually)
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Withdrawal limit: Up to two withdrawals per year without penalty, spaced at least six months apart.
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Interest rate: Adjusted quarterly, with a 25 basis point premium added to the standard rate based on the prior quarter’s bond yield.
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Penalty for excess withdrawals: If more than two withdrawals occur in a year, the interest rate will revert to the Traditional Deposit Account rate.
Disclosures and Definitions – Enhanced Deposit Account
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Withdrawal Definition
A withdrawal is defined as any movement of funds out of the Enhanced Deposit Account, regardless of destination. This includes transfers to any other account—whether the receiving account is held at St. Ambrose or with an external financial service provider.
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Account Status Change Due to Excessive Withdrawals
If an account exceeds the allowed number of withdrawals, its status will be changed from an Enhanced Deposit Account to a Traditional Deposit Account. The Enhanced Deposit Account interest rate and benefits will no longer apply.
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Restoring Enhanced Deposit Account Status
An account that has been reclassified due to excessive withdrawals will not be returned to Enhanced Deposit Account status automatically. To restore the account, a new request must be submitted, and at least six months must have passed since the status change.
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Interest Posting
Interest earned on the Enhanced Deposit Account will be calculated and posted monthly. Posted interest becomes part of the account’s savings balance at the end of each month.
This account offers an excellent opportunity to earn more while encouraging long-term stability.
Long-Term Premium Deposit Account
Long-Term Premium Deposit Account
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Our Long-Term Premium Deposit Account is ideal for locations seeking maximum stability and premium returns. This account functions similarly to a Certificate of Deposit (CD) and includes the following features:
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Minimum opening balance: $25,000
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Term: 12 months (Two deposits and No withdrawals during the term)
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Interest rate: Set quarterly based on the prior quarter’s bond yield plus 50 basis points.
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Early withdrawal penalty: For withdrawals before maturity, six (6) months of accrued interest will be forfeited.
This account is designed for those who can commit funds for a full year and want to take advantage of higher earnings compared to traditional deposit options.
Disclosures and Definitions – Long-Term Premium Deposits Account
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Withdrawal Definition
A withdrawal is defined as any movement of funds out of the Long-Term Premium Deposits Account, regardless of destination. This includes transfers to any other account—whether the receiving account is held at St. Ambrose or with an external financial institution or service ‑provider.
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Account Status Change Due to Excessive Withdrawals
If an account exceeds the permitted number of withdrawals, its status will be changed from a Long-Term Premium Deposits Account to a Traditional Deposit Account. When this occurs, the Long‑-‑Term Premium interest rate and associated benefits will no longer apply.
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Restoring Long-‑Term Premium Deposits Account Status
Accounts reclassified due to excessive withdrawals will not automatically return to Long-Term Premium status. To regain this status, the account holder must submit‑ a new request, and at least six months have passed since the status change
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Interest Posting
Interest earned on the Long-Term‑ Premium Deposits Account will be calculated and posted monthly. Once posted, the interest becomes part of the account’s total savings balance at the end of each month.
Click Each Tab for More Information on Our Products
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Online Deposit Account & Loan Request Forms
Easily submit requests for new deposit accounts and loans through our convenient online forms.
Each product has its own dedicated Google form below, giving locations quick, organized access to the information they need. Simply select the form for the product you’re requesting, complete the required details, and submit electronically—streamlining your workflow and ensuring faster processing.
Current Rates, Policies & Guidelines
St. Ambrose Financial Services updates the deposit and loan rates on the fiscal year quarter.​​​​​
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Q1 = July, August & September​
Q2 = October, November & December
Q3 = January, February & March
Q4 = April, May & June
Current Rates Q3:
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Deposit Accounts = 3.30%
Standard Loan = 3.55%
Line of Credit = 3.80%