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Becoming a member!

Credit Unions are member-owned, this means the $25 membership savings account, necessary to be a member at LCU, that each member has offers the same voice, same access and same rights to products and services regardless of the size of deposits.  At LCU, you’re somebody who belongs.

Savings Accounts at Leominster Credit Union

The variety of savings account options at LCU makes it easy to save. Whether for a special purchase, future plans, or just a rainy day, there is a Savings Account that’s just right for your needs. Plus, each account provides the convenience of free Online and Mobile Banking. Apply online today, visit any LCU branch, or call us at 800-649-4646. Deposits are federally insured by NCUA and MSIC.At LCU, you’re somebody who’s ready for the future!

Important Notice:  The Federal Reserve Board announced an amendment to Regulation D to remove the six per month limit on “convenient” transfers from savings accounts (including money market accounts). As a result, beginning on May 21st, Leominster Credit Union will allow its members to make an unlimited number of withdrawals or transfers from savings accounts without penalty. This means that you will no longer be charged a $10 fee per item if you exceed six transfers or withdrawals from a savings account within a statement cycle. If you have any questions please contact our Member Service Center at 800-649-4646.

Membership Savings Account

  • $25 minimum balance to open
  • Deposit or withdraw your funds 24/7 with your LCU Debit Card
  • Receive a simple quarterly statement by mail or sign up for E-Statements

 

Incredible Interest Savings Account 1

Incredible Interest Savings Account is the companion savings account to the free Incredible Interest Checking Account. Partnered with the free Incredible Interest Checking, you can increase your Incredible Interest Savings each month.

  • Combines the higher return of a CD with the flexibility of a savings account
  • Must be linked to an LCU Incredible Interest Checking Account1
  • Interest rate is subject to meeting Incredible Interest Checking qualifications
  • Interest and any ATM reimbursements from Incredible Interest Checking will automatically transfer each cycle to Incredible Interest Savings account

Premium Savings Accounts

  • Combines the higher return of a CD with the flexibility of a savings account
  • Must be linked to an LCU checking account

Other Savings Options

Incredible Interest Money Market Account 2

LCU’s Highest Earning Money Market Account, get rates comparable to or better than a CD while maintaining access to your funds.

  • $25,000 minimum to open and to avoid a $30 service charge per statement cycle
  • Top interest rate on balances up to $250,000
  • E-statement required

Premium Money Market Account

  • $1,000 minimum to open and to avoid a $5 service charge per statement cycle
  • Tiered interest rates
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Holiday Club Account

  • Minimum balance of $25 to open
  • No fees
  • Club deposits can begin anytime
  • Choose any regular contribution amount from as little as $5
  • Funds will be deposited into your LCU statement savings or checking in November

Vacation Club Account

  • Minimum balance of $25 to open
  • No fees
  • Funds are available at any time

1 You must have an Incredible Interest Checking account in order to open an Incredible Interest with Savings account, and the Incredible Interest Checking account must remain open throughout the period that you hold your Incredible Interest with Savings account. Incredible Interest Checking qualifications each cycle: have at least 15 point of sale (POS) debit card transactions post and clear per qualification cycle, receive statements electronically (E-statements), access your LCU Online Banking account at least once per qualification cycle and have at least one ACH Debit or direct deposit post and clear per qualification cycle. If qualifications are not met, we will pay no less than the minimum rate on your account.

2 APY – Annual Percentage Yield. Rates are subject to change and may change without notice. A $25,000.00 minimum deposit is required to open. Balances up to $250,000.00 receive an APY of 0.90%. Balances over $250,000.00 receive an APY of 0.25% on the portion of the balance over $250,000.00. If average ledger balance falls below $25,000.00 within a statement cycle, a $30 service charge will be assessed. E-statements are a requirement of the account.

Fees may reduce earnings on accounts. Rates and Annual Percentage Yields (APYs) may be subject to change without notice and may change after account opening. Membership requirements apply.