Membership Savings
You'll need this account to start your membership with us. It's an easy way to access your cash.
Interest
Membership Savings APY1
Minimum to open
$5.00
Required for membership
Minimum $5 to open
Monthly $3 fee; waived with multiple active products or at least a $300 balance (combined)2
Free Online and Mobile Banking
Interest compounded monthly
View fee schedule for withdrawal limitations
Money Market Savings
This account is for the ambitious ones who want to kick their savings up a notch.
Interest
Up to Money Market Savings APY1
Minimum to open
$1,000.00
No minimum balance required to earn dividends
Monthly $10 fee; waived with minimum $1,000 daily account balance.
Free Online and Mobile Banking
Free checks
No minimum withdrawal amount
Tiered interest rate based on balance
Interest compounded monthly
View fee schedule for withdrawal limitations
Money Market Plus
Give your savings an extra boost.
Interest
Up to Money Market Plus APY1
Minimum to open
$1,000.00
No minimum balance required to earn dividends
Monthly $10 fee; waived with minimum $1,000 daily account balance.
Free Online and Mobile Banking
Free checks
No minimum withdrawal amount
Tiered interest rate based on balance
Interest compounded monthly
View fee schedule for withdrawal limitations
Aspire Savings
Aspire Savings is a flexible savings account that offers a rate boost on the first $2,000 in the account. It's an easy tool to help you grow your emergency fund or reach your savings goals a little faster.
Interest
Up to AspireSavings APY1
Minimum to open
$0.00
No minimum balance required to earn dividends
No monthly service fee
Free Online and Mobile Banking
No minimum withdrawal amount
Tiered interest rate based on balance
Interest compounded monthly
This account restricted to one per membership
Special Savings
This account is great if you're saving up for something special and want to separate your money from your Membership Savings.
Interest
Special Savings APY1
Minimum to open
$0.00
No monthly service fee
No minimum balance
Free Online and Mobile Banking
Open as many Special Savings accounts as you need
View fee schedule for withdrawal limitations
Holiday Savings
Check holiday stress off your list or set some cash aside for a special occasion. We'll move the balance to your Membership Savings each year on October 1.
Interest
HolidaySavings APY1
Minimum to open
$0.00
No monthly service fee
No minimum balance
Free Online and Mobile Banking
Must open account in branch
Choose the account you want the balance moved to
View fee schedule for withdrawal limitations
Youth Membership Savings
Teach the little ones the basics of managing money and help them start their financial journey.
Interest
Youth Membership APY1
Minimum to open
$5.00
Minimum $5 to open
Adult age 18 or older required to open
When opening an account for a child, the adult will become a joint owner on the account
Adult must become a member in order to open account for a child
ATM card available
2 ATM service fees returned monthly for child under age 18
No monthly account fee for child under age 18
Online and Mobile Banking available for children age 14 and older
Account will convert to a Membership Savings at age 19. After this, monthly fee may apply depending on balance.
Interest compounded monthly
View fee schedule for withdrawal limitations
Health Savings Accounts (HSA)
We’ve partnered with HealthEquity to offer HSA accounts just for Lake Trust members. An HSA is a tax-free way to save for future medical expenses when you have a high-deductible health plan.3
Open Account4 More DetailsBalance in HSA rolls over each year. If you don’t use all of the money in your HSA, you won’t lose it.
Pre-tax contributions, which could lower your taxable income3
The account is yours to use and keep, even when you change jobs, retire, or switch insurance plans
Contributions can be used to pay for qualified medical expenses4, including dental, vision, and prescriptions, that are not covered by your health plan
Interest earned on the account is tax-free3
You’ll receive a HealthEquity HSA debit card to pay for expenses
Manage your HSA account using the HealthEquity mobile app
Account can also be used for retirement savings
IRA Savings
Set some money aside now to have some fun in the future. Visit any branch to open this account with us.
Interest
Membership Savings APY1
Minimum to open
$0.00
No monthly service fee
$5 minimum balance to earn interest
Total contributions to all of your Traditional and Roth IRAs cannot exceed $6,500 (or $7,500 at age 50 or older)
Roth IRA
- No mandatory distribution
Traditional IRA
- Mandatory distribution at age 73
Free Online and Mobile Banking
View fee schedule for withdrawal limitations
1APY = Annual Percentage Yield. Rates as of UniversalEffectiveDate and are subject to change.
2The qualifying Deposit Accounts include all Savings, Checking, Certificates of Deposit, and Money Markets.
3Qualified HSA contributions are tax deductible, and qualified distributions are tax free. Refer to IRS Publication 502 for a list of tax-free (qualified) medical distributions. Not intended to be tax advice; please consult with your tax advisor.
4Third party website. Lake Trust Credit Union is not responsible for the content, availability, security or compliance of any linked third party websites. In addition, the site's privacy policies may differ from those of Lake Trust.