Savings Accounts

Whatever your future may hold, a healthy savings can prepare you to thrive. Explore your options. And build toward greater financial wellbeing with the savings accounts that work for you.
A Lake Trust team member points to a piece of paper as an older woman views it

Saving for the journey.

Saving for the journey.

Whether you're opening your first savings account as a new member or searching for a faster path toward your future goals, we're here to help. For whatever path you want to take.
An older couple visit a Lake Trust branch and a team member hands them a debit card

Membership Savings

The first step in your membership with us. Start saving toward your goals.
INTEREST

{rate-value}% APY1

MINIMUM TO OPEN

$5.00

BECOME A MEMBER
MORE DETAILS

Membership Savings Account is required to establish membership.

Monthly $3 fee; waived with other active non-savings products, regardless of the balance, OR if a $300 balance is maintained in Membership Savings account.2

Free Online and Mobile Banking

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 $5,000 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 {rate-value}% APY1

MINIMUM TO OPEN

$0.00

ADD ACCOUNT
MORE DETAILS

Membership Savings Account is required to establish membership.

No minimum balance required to earn dividends

No monthly service fee

Free Online and Mobile Banking

No minimum withdrawal amount

Blended interest rate based on balance

Interest compounded monthly

This account restricted to one per membership

View fee schedule for withdrawal limitations

Money Market Savings

An account designed for those who want to give their savings a boost.
INTEREST

Up to {rate-value}% APY1

MINIMUM TO OPEN

$1000.00

ADD ACCOUNT
MORE DETAILS

Membership Savings Account is required to establish membership.

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 Premium

Reach your next financial milestone a little faster in an account that rewards you with a great rate.
INTEREST

Up to {rate-value}% APY1

MINIMUM TO OPEN

$1000.00

ADD ACCOUNT
MORE DETAILS

Membership Savings Account is required to establish membership.

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

Interest compounded monthly

View fee schedule for withdrawal limitations

Money Market Plus

Give your savings an extra boost.
INTEREST

Up to {rate-value}% APY1

MINIMUM TO OPEN

$1000.00

ADD ACCOUNT
MORE DETAILS

Membership Savings Account is required to establish membership.

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

Interest compounded monthly

View fee schedule for withdrawal limitations

Special Savings

If you have a certain savings goal in mind, and want to separate funds from your Membership Savings, this account can help.
INTEREST

{rate-value}% APY1

MINIMUM TO OPEN

$0.00

ADD ACCOUNT
MORE DETAILS

Membership Savings Account is required to establish membership.

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

{rate-value}% APY1

MINIMUM TO OPEN

$0.00

FIND A BRANCH
MORE DETAILS

Membership Savings Account is required to establish membership.

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 basics of managing money early and give them a head start on their financial wellbeing journey.
INTEREST

{rate-value}% APY1

MINIMUM TO OPEN

$5.00

ADD ACCOUNT
MORE DETAILS

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 plan3.

OPEN ACCOUNT4
MORE DETAILS

Membership Savings Account is required to establish membership.

Balance 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 income.

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 expenses3, including dental, vision, and prescriptions, that are not covered by your health plan

Interest earned on the account is tax-free.

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 and let it build toward your future. Visit any branch to open this account with us.
INTEREST

{rate-value}% APY1

MINIMUM TO OPEN

$0.00

FIND A BRANCH
MORE DETAILS

Membership Savings Account is required to establish membership.

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
1 APY = Annual Percentage Yield. Rates as of September 30, 2024 and are subject to change.

2 The qualifying Deposit Accounts include all Savings, Checking, Certificates of Deposit, and Money Markets.

3 Qualified 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.

4 Third 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.