Our members are the strength of Lansing Postal Community Credit Union. You enable us to offer low-interest loans, in addition to an assortment of convenient, affordable member services. We also know that each of our members has different savings needs. That's why we've created several different savings programs.
Regular Share Account
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. A $100 average daily balance will earn you a dividend. You will find that our dividend rates are very competitive with interest rates offered on similar accounts at other financial institutions. Share Accounts can be used to save for any reason at any time. Take advantage of our great rates and invest in your Credit Union's future.
Members can now take that luxury cruise they have always dreamed of or buy the perfect Christmas gifts for friends and family with LPCCU's Vacation and Christmas Club Accounts. The Club Accounts make saving easy by providing competitive rates and payroll deduction.
Invest in your future and enjoy potential tax benefits as you earn competitive dividends. It's never too late or too early to start saving for retirement. If you've been wondering what your savings options are, then now may be a good time to consider the benefits of an IRA. IRA's have changed substantially with new tax laws allowing Americans to save more for retirement. With a little planning, you can enjoy your golden years more with a NO FEE IRA from LPCCU.
High Rate Deposit (Money Market) Tiered Accounts
Members can enjoy the benefit of opening an account that earns a higher dividend rate than a Share Account, but still allows members access to their money. Members must have a minimum monthly average daily balance of $500.00 to take advantage of our high rate deposit tiered accounts. This account is tiered, which it means it pays dividend rates corresponding to applicable account tiers, on the applicable balance in each tier of the account. The more you have in the account, the higher dividends you earn! Applicable tiers and rates are in the office and are on the website under "savings account rates" for the current dividend period. Dividends are compounded monthly and paid monthly.
Certificates of Deposit (CDs)
Investors seeking an even higher rate of interest on their deposits have another option with LPCCU! A CD with LPCCU will give peace of mind knowing your deposit will be earning a consistent, competitive rate of interest, all while being insured by the NCUA. A low, minimum deposit of $1000.00 is all it takes to get started. CD's can be purchased for 6,12, 24, 36, or 48 months. Dividends are compounded quarterly and paid quarterly. There is a penalty for early withdrawal.
Remember that each member's savings at the credit union is insured for up to $250,000 by the National Credit Union Administration, a federal government agency. Each members' IRA receives an additional $250,000 worth of NCUA protection.