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. 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!

Regular Savings Accounts

  • $25 minimum balance to open and to earn interest

Incredible Interest Savings Account

    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 Account*
  • 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
  • No monthly service fee
  • Free Mobile and Online Banking
  • Free E-Statements

Statement Savings Account

  • Up to six preauthorized withdrawals or transfers per statement cycle
  • 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

Student Loan Savings Account

  • $25 minimum balance to open and to earn interest
  • Up to six preauthorized withdrawals or transfers per statement cycle
  • 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

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

A+ Savings Accounts

  • A special savings account offered to young adults under the age of 22
  • $25 minimum balance to open and to earn interest
  • No monthly service charges
  • A great way to start saving for the future

Incredible Interest Money Market Account**

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
  • Top interest rate on balances of $25,000-$250,000
  • Blended tier interest rate on balances above $250,000
  • Below $25,000, 0.25% unblended
  • Six preauthorized transfers or withdrawals per statement cycle. $10 excessive activity fee if six transactions are exceeded.
  • E-statement required

VIP Money Market Account

Rates comparable to or better than CDs

  • $1,000 minimum to open
  • $10,000 minimum to avoid $10 monthly service charge
  • Tiered interest rates
  • Six preauthorized transfers or withdrawals per statement cycle. $10 excessive activity fee if six transactions are exceeded.

Premium Money Market Account

  • $1,000 minimum to open and to avoid $5 monthly service charge
  • Tiered interest rates
  • Six preauthorized transfers or withdrawals per statement cycle. $10 excessive activity fee if six transactions are exceeded.

Sterling Set

A special savings account offered only to members 55 years of age and older

  • Annual Percentage Yield (APY) on your Sterling Set savings account is guaranteed to be higher than LCU’s regular savings accounts (with balance greater than $2,000)
  • Optional DirectConnect Checking account with no monthly service charges or per-check charges. The only requirement is a regular occurring direct deposit to your account, like your Social Security check
  • Available as Passbook or Statement account
  • Money Orders (limit two per month), Notary Service, Pre-addressed Bank-by-Mail Envelopes, and Wire Transfer Service (for wires within the U.S.)
  • 3″ x 5″ Safe Deposit Box with no fee for the first year and 30% discount thereafter
  • Daily balances below $2,000 will earn the regular savings dividend rate for that day. APYs are variable and subject to change

Holiday Club Account

  • Choose any regular contribution amount from as little as $5
  • Earn interest for balances of $25 or more
  • No fees
  • Club deposits can begin anytime
  • Funds are available for direct deposit to your LCU deposit or checking account in November

Vacation Club Account

  • Earn interest for balances of $25 or more
  • No fees
  • Funds are available at any time

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

**APY – Annual Percentage Yield accurate as of 04/12/18 and is guaranteed until 12/31/2019. After 12/31/2019, rates are subject to change and may change without notice. A $25,000.00 minimum is required to open and to receive the advertised APY of 1.51%. If the balance in the account falls below $25,000.00 it will receive an APY of 0.25%. Balances over $250,000.00 earn 0.25% APY on the portion of the balance over $250,000.00. E-statements are a requirement of the account. Fees may reduce earnings. Membership requirements apply.