Share Savings accounts
LVECU provides a diverse range of savings accounts tailored to accommodate various needs. Whether you're an experienced saver or just beginning your journey, we’re prepared to assist you in achieving your financial goals
Regular Share
Our regular share savings account requires a minimum deposit and balance of $5.00 to establish membership, granting you access to all the great products, services, and benefits of credit union membership.
Account Features:
$5.00 minimum deposit and balance
No monthly service fees
Dividends paid monthly¹
Ideal for overdraft protection
Enjoy credit union voting rights as a share owner
Holiday & Vacation Shares
Save for the holidays or vacation expenses effortlessly with our dedicated share account. Whether you're shopping for gifts, hosting gatherings, or planning your dream trip, these accounts ensure financial readiness.
Account Features:
No minimum balance
No monthly service fees
Monthly dividends boost your savings¹
Set up automatic transfers to save faster
Withdraw or transfer funds at your convenience
Easily open through e-Tran Online Banking
Alternate, Statement Savings, & Super Saver Shares
Planning to save for upcoming purchases like new appliances, furniture, or windows? Setting aside funds gradually will help you reach your savings goals.
Account Features:
No minimum balance
No monthly service fees
Monthly dividends to boost your savings¹
Set up automatic transfers to save quicker
Easily open through e-Tran Online Banking
Individual Retirement Accounts
Start planning ahead with an Individual Retirement Account (IRA) to ensure a financially fit future. Social Security and pension plans are not intended to fully replace your income once you retire. Making saving a lifelong journey will help you cruise into retirement with confidence.
Traditional IRA
Appointment required to open
No minimum balance
Dividend earnings are tax-deferred¹
Contributions may be tax deductible²
Annual maximum contribution is based on an individual's age
Contributions can be made if you have earned income³
Contributions for the current year can be made at any time
Contributions for the previous year are accepted until the tax-filing deadline, generally April 15th
Mandatory minimum distribution requirements
IRA’s insured by NCUA separately from other account types up to $250,000
Roth IRA
Appointment required to open
No minimum balance
Dividend earnings grow tax-free¹
Annual maximum contribution amount is based on the individual's age and income³
Contributions for the current year can be made at any time
Contributions for the previous year are accepted until the tax-filing deadline, generally April 15th
Contributions can be made at any age if earning reportable income
Withdrawals are generally tax-free if you are at least 59½ years old and your account has been open for at least five years
Option to Convert a Traditional IRA or Employer Plan to a Roth IRA savings or share certificate
IRA’s insured by NCUA separately from other account types up to $250,000
Share Savings Rates
Rate & Annual Percentage Yield (APY) accurate as of February 3, 2025 and are subject to change without notice.
| Share Type | Minimum Balance | Dividend Rate¹ | APY** |
|---|---|---|---|
| Regular Shares | $5.00 | 0.75% | 0.75% |
| Holiday Shares | None | 0.75% | 0.75% |
| Vacation Shares | None | 0.75% | 0.75% |
| IRA & Roth IRAs | None | 0.85% | 0.85% |
| Alternate Shares | None | 0.75% | 0.75% |
| Statement Savings | None | 0.75% | 0.75% |
| Super Saver | None | 0.75% | 0.75% |
Share/IRA Certificates
Boost your earnings through higher dividends with our range of share certificates. With minimal balance requirements and diverse term options, share certificates provide an excellent savings solution.
Account Features:
$500 minimum deposit
Terms from 3 to 60 months
Dividends compounded and credited monthly
Easily open through e-Tran Online Banking⁴
Money Market
A Money Market Share offers the opportunity to earn superior dividends while setting aside funds for significant expenses, such as a down payment on a car or home, college tuition, or retirement savings. Life can be unpredictable, so it's essential to have a safety net in place.
No minimum deposit
$2,500 minimum balance to earn disclosed APY
Dividends compounded and credited monthly¹
Deposits can be made at anytime
Can be used as overdraft protection for checking
First order of checks free (Basic Style)
Easily open through e-Tran Online Banking
Share/IRA Certificate Rates
Rate & Annual Percentage Yield (APY) accurate as of February 3, 2025 and are subject to change without notice.
| Term | Dividend Rate¹ | APY** |
|---|---|---|
| 3 Months | 3.93% | 4.00% | 4 Months | 3.93% | 4.00% |
| 5 Months | 3.93% | 4.00% |
| 6 Months | 4.17% | 4.25% | 12 Months | 4.17% | 4.25% | 24 Months | 3.20% | 3.25% |
| 36 Months | 3.20% | 3.25% |
| 60 Months | 3.20% | 3.25% |
¹Assumes dividends remain on deposit for 1 year. $500 minimum deposit to open account and earn APY. Share certificates are term accounts, and a penalty will be imposed for early withdrawal.
Money Market Rates
Rate & Annual Percentage Yield (APY) accurate as of February 3, 2025 and are subject to change without notice.
| Balance | Tier | Dividend Rate¹ | APY** |
|---|---|---|---|
| $0 to $2,499.99 | 1st | 0.00% | 0.00% |
| $2,500 to $9,999.99 | 2nd | 1.34% | 1.35% |
| $10,000 to $24,999.99 | 3rd | 1.44% | 1.45% |
| $25,000 to $49,999.99 | 4th | 1.64% | 1.65% |
| $50,000 + | 5th | 1.98% | 2.00% |
¹Dividends are compounded daily and paid monthly. Once the threshold is met, rates apply to the entire balance.
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¹The payment of dividends is based on the available current and undivided earnings of LVECU.
²Ask your tax advisor for possible tax benefits of IRAs.
³IRS rules and regulations apply to IRA eligibility.
⁴Some share certificates may not be available for online opening.
