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
  • Convenient banking by mail

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

Passbook Savings Account

  • Deposit or withdraw your funds at any LCU branch with your passbook
  • Your passbook supplies a complete record of your transactions
  • Use your passbook as collateral to apply for a reduced-rate loan

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

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
      • Limited monthly check-writing (three per statement cycle)
      • $10 per item charge for more than three check withdrawals per statement cycle

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
      • Limited monthly check-writing (three per statement cycle)
      • $10 per item charge for more than three check withdrawals per statement cycle

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.