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
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
CD Plus
Add to your savings with a limited-time 13-month CD Plus account. Choose an amount of $500 or more that you’d like to set aside for 13 months. After this time, you can use the funds from your CD Plus however you’d like, whether you have a big purchase in mind or just want to add to your savings.
You can open your CD Plus online, at any Lake Trust branch, or by calling us at 888.267.7200 and speaking with a team member.
Interest
CDPlus APY1
Minimum to open
$500.00
Term: 13 months
Automatic renewal
- Converts to a 12-month regular CD upon maturity
No monthly service fee
Early closing penalty
- 90 days interest penalty for 13-month CD Plus
IRA CD Plus
Watch your savings grow with this limited-time 13-month account. Decide if a traditional, Roth, inherited, or Coverdell IRA CD Plus aligns better with your savings goal. Then, choose an amount of $500 or more that you’d like to set aside for 13 months. Visit any Lake Trust branch to open your IRA CD Plus.
Interest
IRACDPLUS APY1
Minimum to open
$500.00
Term: 13 months
Automatic renewal
- Converts to a 12-month regular CD upon maturity
No monthly service fee
Early closing penalty
- 90 days interest penalty for 13-month CD Plus
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
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
Save To Win
Every $25 deposit (up to 100/month) gives you a chance to win a quarterly or monthly cash prize.
Interest
SaveToWin APY1
Minimum to open
$25.00
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
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
Term: 3-72 months
No monthly service fee
Total contributions to all of your Traditional and Roth IRAs cannot exceed $7,000 (or $8,000 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 73
Automatic transfers allowed
Tiered interest rate based on balance
1APY = Annual Percentage Yield. Rates as of UniversalEffectiveDate and are subject to change.
2New money includes cash, cashier's checks, a check from another financial institution, and funds from direct deposits, wires, and ACH transactions deposited to a Lake Trust account within the last 30 days.
3Third 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.