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Savings & CD Rates
Every $5 deposit into this account represents one "share" of your ownership of the credit union. Your savings may entitle you to a dividend – a share of extra credit union revenue. You will find that our dividend rates are very competitive with interest rates offered on similar accounts at other financial institutions. We offer savings accounts which can be used for any purpose. You can save for retirement with an IRA, save up for Christmas or that dream vacation you have been waiting for. We also offer Deposit (Money Market) Accounts and Certificates of Deposits for investors seeking a higher rate of interest.
Remember that each member's savings at the credit union is now insured up to at least $250,000 by the National Credit Union Administration, a federal government agency. Each member's IRA receives an additional $250,000 worth of NCUA protection.
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Share Account |
APR* |
APY* |
Compounded |
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Regular Share* |
.50% |
.50% |
Quarterly |
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Christmas Club* |
.50% |
.50% |
Quarterly |
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Vacation Club* |
.50% |
.50% |
Quarterly |
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Share Secured* |
1.00% |
1.00% |
Monthly |
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1.00% |
1.00% |
Monthly |
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Roth IRA* |
1.00% |
1.00% |
Monthly |
88 & 89 Deposit Acct
($500 – $9,999)
Tier 1
Min Balance of $500 to earn dividends. |
1.00% |
1.00% |
Monthly |
88 & 89 Deposit Acct
($10,000-$49,999)
Tier 2
Min Bal of $10,000 to earn dividends. |
1.49% |
1.50% |
Monthly |
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88 & 89 Deposit Acct
($50,000 +)
Tier 3
Min Bal of $50,000 to
earn dividends |
1.98% |
2.00% |
Monthly |
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Share Rates Current as of 12/31/08. |
*APR is Annual Percentage Rate **APY is Annual Percentage Yield
Click here for Savings Calculators
*You must have a minimum balance of $100 to earn dividends on these accounts.
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Certificates of Deposit |
TERM |
APR* |
APY** |
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$1000 Minimum Balance |
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6 Months |
1.99% |
2.00% |
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12 Months |
2.18% |
2.20% |
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24 Months |
2.33% |
2.35% |
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36 Months |
2.48% |
2.50% |
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48 Months |
2.58% |
2.61% |
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$25,000 Minimum Balance |
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6 Months |
2.08% |
2.10% |
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12 Months |
2.28% |
2.30% |
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24 Months |
2.43% |
2.45% |
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36 Months |
2.58% |
2.61% |
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48 Months |
2.67% |
2.70% |
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Current CD Rates Effective as of 12/18/08. |
*APR is Annual Percentage Rate **APY is Annual Percentage Yield
Rates are subject to change without notice. Penalty for early withdrawal. Dividends are compounded quarterly and paid quarterly.
Annual Percentage Yield is a percentage reflecting the total amount of dividends paid on an account, based on the rate and frequency of compounding for a 365 day period. This yield assumes a set amount is on deposit at the beginning of the dividend period, no deposits or withdrawals are made, and funds remain on deposit for one full year at the same rate.
Rates & Terms are subject to change without notice.
Updated 12/18/08.
Lansing Postal Community Credit Union
4600 Collins Road
PO Box 22098
Lansing, Michigan
48909
517.337.0401
Fax: 517.337.0977
memberservices@lpcumi.com
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