All the ways to achieve safe, secure and steady growth
No-frills and no fees, this simple savings account grows your shares and gives you access to:
As of 12/22/2024
| Basic Statement Share Account | |
|---|---|
| Right for you if you want to… | Set up a simple savings account with online banking, online bill pay and a free ATM card |
| Minimum Deposit | $5 |
| Minimum Balance1 | $100 |
| Maximum Balance | Unlimited |
| Monthly Service Charge | N/A |
| Dividend Rate | 0.05% |
| APY2 | 0.05% |
1Minimum balance to earn dividends
2APY: Annual Percentage Yield / Fees may reduce earnings on the account.
Get the added advantage of earning a higher rate2 for a higher-than-average balance,3 plus:
As of 12/22/2024
| Advantage Statement Share Account | |
|---|---|
| Right for you if you want to… | Get higher rates with a higher balance, plus free online banking, online bill pay and ATM card2 |
| Minimum Deposit | $50,000 |
| Minimum Balance1 | $50,0002 |
| Maximum Balance | Unlimited |
| Monthly Service Charge | $302 |
| Dividend Rate | 0.10% |
| APY2 | 0.10% |
1Minimum balance to earn dividends
2Balances below minimum are assessed a monthly service charge
Build (or rebuild) your credit using a small amount of credit builder loan-secured funds as collateral.4
As of 12/22/2024
| Credit Builder Statement Share Account | |
|---|---|
| Right for you if you want to… | Establish or reestablish credit using secured funds as collateral2 |
| Minimum Deposit | $500 |
| Minimum Balance1 | $500 |
| Maximum Balance | Unlimited |
| Monthly Service Charge | N/A |
| Dividend Rate | N/A |
| APY2 | N/A |
1Minimum balance to earn dividends
2Retains secured funds as collateral for the life of the loan; released upon successful completion of loan terms and regular timely payments.
For the youngest savers in the house. Experience the joy of watching your money “grow” with this starter savings account.5
As of 12/22/2024
| Savings Is Fun Statement Share Account | |
|---|---|
| Right for you if you want to… | Set up a savings account for the youth savers in your life2 |
| Minimum Deposit | $5 |
| Minimum Balance1 | $5 |
| Maximum Balance | Unlimited |
| Monthly Service Charge | N/A |
| Dividend Rate | 0.05% |
| APY2 | 0.05% |
1Minimum balance to earn dividends
2Account automatically converts to a Smart Start Share Account (L-U-S-O Share) when account holder reaches age 12.
Smart Start Share Account (L-U-S-O Share)
Get more financial flexibility (and responsibility) as you enter middle school and higher grades.6
As of 12/22/2024
| Smart Start Share Account (L-U-S-O Share) | |
|---|---|
| Right for you if you want to… | Give more financial flexibility to students in middle school and up, plus free mobile banking and mobile check deposit2 |
| Minimum Deposit | $5 |
| Minimum Balance1 | $100 |
| Maximum Balance | Unlimited |
| Monthly Service Charge | N/A |
| Dividend Rate | 0.05% |
| APY2 | 0.05% |
1Minimum balance to earn dividends
2Requires e-Statement account processing except for In-School Banking accounts. Age qualification applies for mobile banking/mobile check deposit.
Tuck money away for holidays, vacations, renovations or anything else in your future plans.
As of 12/22/2024
| Club Accounts | |
|---|---|
| Right for you if you want to… | Set money aside for the holidays, getaways, or other life expenses |
| Minimum Deposit | $5 |
| Minimum Balance1 | $5 |
| Maximum Balance | Unlimited |
| Monthly Service Charge | N/A2 |
| Dividend Rate | N/A |
| APY2 | N/A |
1Minimum balance to earn dividends
2No dividend on Club accounts.
Earn competitive dividend rates and steady growth with more access to your funds than a term share.
As of 12/22/2024
| Minimum Tier | $500.00 | $5,000.00 | $25,000.00 |
|---|---|---|---|
| Maximum Tier | $4,999.99 | $24,999.99 | Unlimited |
| Dividend Rate | 0.10% | 0.15% | 0.20% |
| APY1 | 0.10% | 0.15% | 0.20% |
$100 minimum balance
1APY: Annual Percentage Yield/Fees may reduce earnings on the account. Allows 6 free transactions per month, $10 per item thereafter. Statement Share Account required to establish membership.
| Basic Statement Share Account | Advantage Statement Share Account | Credit Builder Statement Share Account | Savings Is Fun Statement Share Account | Smart Start Statement Share Account | Club Accounts | Classic Now Money Market Account | |
|---|---|---|---|---|---|---|---|
| Right for you if you want to… | Set up a simple savings account with online banking, online bill pay and a free ATM card | Get higher rates with a higher balance, plus free online banking, online bill pay and ATM card2 | Establish or reestablish credit using secured funds as collateral4 | Set up a savings account for the youth savers in your life5 | Give more financial flexibility to students in middle school and up, plus free mobile banking and mobile check deposit6 | Set money aside for the holidays, getaways, or other life expenses | Earn competitive tiered dividend rates and steady growth7 |
| Minimum Deposit | $5 | $50,000 | $500 | $5 | $5 | $5 | $1009 |
| Minimum Balance1 | $100 | $50,0003 | $500 | $5 | $100 | $5 | $5009 |
| Maximum Balance | Unlimited | Unlimited | Unlimited | Unlimited | Unlimited | Unlimited | Unlimited |
| Monthly Service Charge | N/A | $303 | N/A | N/A | N/A | N/A | $209 |
| Dividend Rate | 0.05% | 0.10% | N/A | 0.05% | 0.05% | N/A10 | 0.10% (Tiered) |
| APY8 | 0.05% | 0.10% | N/A | 0.05% | 0.05% | N/A10 | 0.10% (Tiered) |
1Minimum balance to earn dividends
2Requires active share draft (checking) account and e-Statement processing. Free debit card through SUM Program with ScoreCard Rewards.
3Balances below minimum are assessed a monthly service charge
4Retains secured funds as collateral for the life of the loan; released upon successful completion of loan terms and regular timely payments.
5Account automatically converts to a Smart Start Share Account (L-U-S-O Share) when account holder reaches age 12.
6Requires e-Statement account processing except for In-School Banking accounts. Age qualification applies for mobile banking/mobile check deposit.
7Allows 6 free transactions per month, $10 per item thereafter. Statement Share Account required to establish.
8APY: Annual Percentage Yield / Fees may reduce earnings on the account.
9Balances below $5,000.00 are assessed a $20.00 monthly service charge. Minimum to open is $100; minimum to earn dividend is $500.
10No dividend on Club accounts.
Experience all the benefits of banking with LUSO Federal Credit Union, starting with a $5 share account. Open an account today.
