CHECKING

Effective date: 09/29/2017

 

CHECKING
Minimum to Open and Earn APY Dividend Rate APY
DirectConnect Checking
$25 or more 0.10% 0.10%
Free Incredible Interest Checking*
$25 – $15,000 2.97% 3.01%
$15,000 or more 0.10% 0.10%
Premium Perks Checking
$25 – $999.99 0.10% 0.10%
$1,000 – $4,999.99 0.10% 0.10%
$5,000 or more 0.15% 0.15%
Remarkable Rewards Checking**
<$25,000 1.24% 1.25%
Special Privileges Checking
$25 or more 0.10% 0.10%

APY – Annual Percentage Yield. Deposit interest rates may be subject to change without notice and may change after account opening. Fees could reduce earnings on account. On all accounts a minimum of $25.00 must be maintained to earn interest.

*APY – Annual Percentage Yield. Rates may change after account opening. $25.00 minimum to open and obtain the stated APY. To obtain the stated APY the monthly qualifications must be met. Monthly qualifications include: 15 debit card point of sale (POS) transactions must post and settle to your account per monthly qualification cycle (transactions may take up to three (3) business days from the date of the transaction to post and settle), access your account through online banking at least once per qualification cycle, receive your monthly statement electronically, and receive at least one direct deposit or ACH debit monthly. Monthly qualification cycle means: a period beginning one (1) business day prior to the first day of the current statement cycle through one (1) business day prior to close of the current statement cycle (one day asynchronous – no weekend processing). Balances up to $15,000 receive an APY of 3.01% and balances over $15,000 earn 0.10% on the portion of the balance over $15,000 if qualifications are met. An APY of 0.05% applies to all balances if qualifications are not met. This account is not to be used for commercial purposes and there is a limit of one (1) account per Social Security number.

 

**(No longer Offered) Deposit Interest rate tiers are as follows: 1.25% APY applies to balances of $.01 – $25,000 and .25% APY applies to balances over $25,000 as long as all qualifications are met per qualification cycle. 0.10% APY applies to all balances if qualifications are not met. Qualifications: must have 10 debit card point of sale transactions post and settle to your account per qualification cycle, receive your monthly statement electronically and receive at least one direct deposit or ACH debit monthly. No minimum balance required. No monthly service charge. Available to personal accounts only. Unlimited ATM fee refunds per cycle when qualifications are met. See an MSR for qualification details.

 

SAVINGS

Effective date: 09/29/17

SAVINGS
Minimum to Open
and Earn APY
Dividend Rate APY
A+ Savings
$25 0.10% 0.10%
Club Accounts
$25 0.10% 0.10%
Incredible Interest Savings*
$25 – $250,000 1.00% 1.00%
$250,000 or more 0.10% 0.10%
Premium Money Market Account
$25 – $999.99** 0.10% 0.10%
$1,000 – $9,999.99 0.20% 0.20%
$10,000 – $49,999.99 0.25% 0.25%
$50,000 or more 0.25% 0.25%
Premium Savings
$25 – $49,999.99 0.15% 0.15%
$50,000 or more 0.35% 0.35%
Regular Savings
$25 0.10% 0.10%
Sterling Set
$25 – 1,999.99 0.10% 0.10%
$2,000 or more 0.15% 0.15%
VIP Money Market Account
$25 – $24,999.99*** 0.10% 0.10%
$25,000 – $49,999.99 0.15% 0.15%
$50,000 or more 0.35% 0.35%

APY – Annual Percentage Yield. Rates may be subject to change without notice and may change after account opening. Fees could reduce earnings on account. Early withdrawal penalties may be imposed. On all accounts a minimum of $25 must be maintained to earn interest.

*APY – Annual Percentage Yield. Rates may change after account opening. $25.00 minimum to open and obtain the stated APY. To obtain the stated APY the Incredible Interest Checking monthly qualifications (listed above) must be met. Balances up to $250,000 receive an APY of 1.00% and balances over $250,000 earn 0.10% APY on the portion of the balance over $250,000 if qualifications are met. An APY of 0.05% applies to all balances if qualifications are not met. This account may not be used for commercial purposes and there is a limit one account per Social Security Number. You must have an Incredible Interest Checking account in order to open an Incredible Interest with Savings account.

 

 

** Monthly service charge of $5 if balance falls below $1,000.

*** Monthly service charge of $10 if balance falls below $10,000.

RELATIONSHIP CD – Also available for IRAs

Effective date: 11/09/17

RELATIONSHIP SAVINGS CD/IRA
Type Minimum to Open and Earn APY Dividend Rate APY
Term Share Certificates
90 Day $1,000 0.50% 0.50%
6 Month $1,000 0.60% 0.60%
1 Year $1,000 0.85% 0.85%
18 Month $1,000 0.90% 0.90%
2 Year $1,000 1.09% 1.10%
3 Year $1,000 1.34% 1.35%
4 Year $1,000 2.23% 2.25%
5 Year $1,000 2.23% 2.25%
Term Share IRAs
1 Year $1,000 0.85% 0.85%
18 Month $1,000 0.90% 0.90%
2 Year $1,000 1.09% 1.10%
3 Year $1,000 1.34% 1.35%
4 Year $1,000 2.23% 2.25%
5 Year $1,000 2.23% 2.25%

APY-Annual Percentage Yield accurate as of November 9, 2017. $1,000 minimum to open. Penalty for early withdrawal. An active LCU checking account and E-statement required to get the Relationship CD rate. Active checking account requires direct deposit of your payroll, Social Security, pension, or other regularly occurring income check per statement cycle. Account must be ‘active’ with direct deposit established and E-statement authorized within 30 days of CD opening or rate will revert to standard CD rate. If checking account becomes inactive (e.g. direct deposit or E-statement is discontinued) rate reverts to standard CD rate. Relationship CD rates available on standard CD products only. Special CD products are not eligible for Relationship CD rate. You must maintain a minimum daily balance of $1,000 (or $25.00 if this is a Daily IRA Savings Account) in your account each day to obtain the disclosed APY. LCU members must maintain a $25 deposit relationship. Fees may reduce earnings. Rates subject to change without notice. Offer may be withdrawn without notice.

See table below for non-relationship CDs and IRAs.

CD/IRA

 

 Effective date: 11/09/17
SAVINGS CD/IRA
Type Minimum to Open and Earn APY Dividend Rate APY
Term Share Certificates
90 Day $1,000 0.25% 0.25%
6 Month $1,000 0.35% 0.35%
9 Month Special $1,000 1.00% 1.00%
1 Year $1,000 0.60% 0.60%
15 Month Special $1,000 1.49% 1.50%
18 Month $1,000 0.65% 0.65%
2 Year $1,000 0.85% 0.85%
27 Month Special $1,000 1.59% 1.60%
3 Year $1,000 1.09% 1.10%
4 Year $1,000 1.98% 2.00%
5 Year $1,000 1.98% 2.00%
Term Share IRAs
1 Year $1,000 0.60% 0.60%
15 Month Special $1,000 1.49% 1.50%
18 Month $1,000 0.65% 0.65%
2 Year $1,000 0.85% 0.85%
27 Month Special $1,000 1.59% 1.60%
3 Year $1,000 1.09% 1.10%
4 Year $1,000 1.98% 2.00%
5 Year $1,000 1.98% 2.00%
Daily IRA Savings Account $25 0.25% 0.25%

APY – Annual Percentage Yield. Rates may be subject to change without notice and may change after account opening. Fees could reduce earnings on account. Early withdrawal penalties may be imposed. On all accounts a minimum of $25 must be maintained to earn interest.