Certificates of Deposit

Work toward your savings goals with a Certificate of Deposit (CD) account. Deposit funds for a set length of time and earn interest at a steady rate. Helping your savings grow faster.
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Save smarter for your future goals.

Save smarter for your future goals.

Let your savings work harder for you with a CD account. Choose a traditional CD or an IRA CD to help boost your retirement savings. Deposit a set amount and earn a higher interest rate over a predetermined time frame. The higher interest rate can help your money grow faster.

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CD Plus 4.00% APY1

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
4.00% APY1
MINIMUM TO OPEN
$500.00
ADD ACCOUNT

MORE DETAILS

Term: 13 months

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

Automatic renewal

IRA CD Plus 4.00% APY1

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
4.00% APY1
MINIMUM TO OPEN
$500.00
FIND A BRANCH

MORE DETAILS

Term: 13 months 

Converts to a 12-month regular IRA CD upon maturity

No monthly service fee

Early closing penalty
90 days interest penalty for 13-month IRA CD Plus

Automatic renewal

Certificate of Deposit UP TO 4.15% APY1

Certificates of deposit (CDs) are an alternative savings option to help you grow your balance faster. When you open a CD, you decide how much you want to invest whether it’s the minimum or more. And your money can earn the fixed annual percentage yield (APY1) amount for the term of your CD.

INTEREST
Up to 4.15% APY1
MINIMUM TO OPEN
$500.00
ADD ACCOUNT

MORE DETAILS

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 2.99% APY1

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
2.99% APY1
MINIMUM TO OPEN
$50.00
ADD ACCOUNT

MORE DETAILS

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 2.89% APY1

Every $25 deposit (up to 100/month) gives you a chance to win a quarterly or monthly cash prize.
INTEREST
2.89% APY1
MINIMUM TO OPEN
$25.00
FIND A BRANCH

MORE DETAILS

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

Truth-In-Savings Disclosure

Save to Win official website3

IRA CD UP TO 4.15% APY1

Give your retirement savings a boost. Go the Traditional IRA CD route or do something a little different with a Roth IRA CD. Either way, reach your retirement savings goals faster.
INTEREST
Up to 4.15% APY1
MINIMUM TO OPEN
$500.00
FIND A BRANCH

MORE DETAILS

Term: 3-72 months

No monthly service fee

Total contributions to all your Traditional and Roth IRAs cannot exceed $6,500 (or $7,500 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

FINANCIAL WELLBEING LIBRARY

Reaching your savings a goal.

Imagine your dream future. And learn more about how you can get there. By staying educated and informed, you can find more peace of mind.

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1APY = Annual Percentage Yield. Rates as of October 1, 2024 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.