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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
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.
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.
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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
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.
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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
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.
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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
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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
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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
Truth-In-Savings Disclosure
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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
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Continue reading1APY = 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.