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Certificates of Deposit

You don't need some crazy, complicated plan to grow your savings. It's actually pretty simple.

84%

Certificate of Deposit

Set a little money aside and forget about it. It'll look even better when you see it again.

Interest
Up to CD APY1
Minimum to open
$500.00
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Term: 3-72 months

No monthly service fee

Deposits allowed during maturity and 10-day grace period

No ATM/Debit Card

Early closing penalty

  • 90 days interest penalty for 3-23 month CDs
  • 180 days interest penalty for 24-72 month CDs

Automatic renewal

Tiered interest rate based on balance

Aspire CD

There’s power in your dreams. In your goals for the future. And in your aspirations for a brighter tomorrow. An Aspire CD is a goal-based account that makes it possible to build your savings by making deposits of $10 or more. If you reach your goal before the term is up, you can close your CD or set a new goal to continue saving!

Interest
AspireCD APY1
Minimum to open
$50.00
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Set a savings goal (minimum of $500) and make your initial deposit of at least $50 when you open your Aspire CD. If you meet your goal before the term is up, you can close your Aspire CD without incurring an early closing penalty. Or you can make a partial withdrawal (keeping at least $50 in the account) and set a new savings goal; you can do this up to two times within a 12-month period.

Term: 24 months

No monthly service fee

Maximum balance $10,000

Additional deposits allowed of $10 or more

Early closing penalty if goal is not met or if two withdrawals have already been completed within the last 12 months

  • 180 days interest penalty

Automatic renewal

46%

Save To Win

Every $25 deposit (up to 10/month) gives you a chance to win a quarterly or monthly cash prize. 

Interest
SaveToWin APY1
Minimum to open
$25.00
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Term: 12 months

No monthly service fee

Additional deposits allowed

Early closing penalty

  • $25 fee

One withdrawal allowed per term; $25 fee

No maximum balance or deposit amount

No maximum or minimum withdrawal

Automatic renewal

Raffle Rules

Save to Win official website2

 IRA CD

Go the Traditional route or do something a little different with a Roth IRA CD.

Interest
Up to IRACD APY1
Minimum to open
$500.00
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Term: 3-72 months

No monthly service fee

Total contributions to all of your Traditional and Roth IRAs cannot exceed $6,000 (or $7,000 at age 50 or older)

Penalty for withdrawals before age 59 ½

  • 90 days interest penalty for 3-23 month CDs
  • 180 days interest penalty for 24-72 month CDs

Roth IRA

  • No mandatory distribution

Traditional IRA

  • Mandatory distribution at age 72

Automatic transfers allowed

Tiered interest rate based on balance

1APY = Annual Percentage Yield. Rates as of UniversalEffectiveDate and are subject to change.

2Third 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.