Savings Account – LBS Financial

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Your ticket to LBS Financial

Your shiny new LBS Financial savings account not only gives you a great rate, it also lets you access our many other free services, discounted loans, and high-yield accounts⁠. Plus, you’ll have peace of mind knowing that your money is insured to at least $250,000 by the NCUA test.

We also have several specialty savings accounts to give you a head start in every area of life. These include:

Money Market accounts for maximum earnings
Summer Savings account with special deals for school and college employees
Special Occasion Club accounts to help you save for Christmas or Vacation test

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Related Resources

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Share Certificates
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Money Market

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Teen Accounts
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IRA Certificates
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FAQs

Who is eligible for a Summer Savings account?

If you work at a local school or college, you are eligible for a Summer Savings account. You can set aside up to $2,000 per month from your paycheck and earn a truly fantastic rate. You'll need to have direct deposit set up to use this account and all contributions must come from your payroll⁠—just contact us to get started.

What is my routing number?

If you have an account with us, your routing number is 322276855.

How will I get statements for this account?

We will send monthly paper statements or eStatements for Members with checking accounts. If you do not have a checking account, you will receive quarterly paper statements or eStatements unless you make electronic withdrawals or deposits (ACH) or have ATM activity associated with this account in a given month. Then we will send you a monthly statement.

Does this account come with an ATM card?

You are welcome to request a free ATM card for this account. Certain qualification requirements may apply.

Are there any restrictions on withdrawals?

Yes. Because of Regulation D restrictions, the following transactions or combination of transactions to another Credit Union account of yours or third party account are limited to six or fewer each month:

Automatic payments made via the ACH system (also known as pre-authorized electronic funds transfers) from your Share Savings accounts
Transfers made from Regular Share and Money Market accounts made via CU OnLine (not including loan payments)
Transfers to other deposit accounts within LBS Financial Credit Union
Transfers from Regular Share and Money Market accounts to a Checking account to cover NSF checks
Transfers from Regular Share and Money Market accounts made by telephone
Transfers to a third party by check, draft or debit card

All Rates

Rates Effective as of: 11-20-2024 (PST)

Savings & Checking

Account

Minimum Balance

Anticipated Dividend Rate

Anticipated APY*

Regular Savings

$5.00

0.10%

Youth Savings

$5.00

0.15%

Teen Savings

$5.00

0.15%

Interest Checking Accounts**

$5.00

0.10%

Special Savings Accounts

$5.00

0.15%

Mortgage Impound/Escrow Accounts

None

2.00%

2.02%

IRA Sub/Savings Accounts

$100.00

0.15%

Summer Savings Accounts ***

None

3.68%

3.75%

Disclosures

*APY=Annual Percentage Yield. APY is based on the assumption that dividends remain within the account. The dividend rate and APY are paid on the entire balance in the account. The dividend rate and Annual Percentage Yield (APY) may change at any time and without notice, solely at the Credit Union's discretion. Fees or other conditions may reduce the earnings on the account. Contact the Credit Union for more information about fees and rates.

**$20.00 minimum to open; $1,000 average daily balance to earn APY.

***More details on our Summer Savings account.

Rates Effective as of: 11-20-2024 (PST)

Money Market Rates

Balance

Anticipated Dividend Rate

Anticipated APY*

Below $2,500.00

0.15%

$2,500.00 to $24,999

0.30%

$25,000 to $49,999

0.40%

$50,000 to $99,999

0.50%

$100,000 and above

0.60%

Disclosures

The dividend rate and APY are paid on the entire balance in the account. The dividend rate and Annual Percentage Yield (APY) may change at any time and without notice, solely at the Credit Union's discretion. Fees or other conditions may reduce the earnings on the account. Contact the Credit Union for more information about fees and rates.

Rates are subject to change without notice.

Summer Savings Accounts

Earn More with LBS Financial’s Summer Savings Account!

Soak up the sunshine and save this summer! LBS Financial Members who are classified or certificated school/college employees can save for the summer months – and earn significant dividends –- by signing up for the Credit Union’s Summer Savings account.

Features

Fantastic Rate: Every Summer Savings account earns a high dividend rate.
You Decide The Amount: Set aside any amount of money from your paycheck each month (up to $2,000) into the Summer Savings account through direct deposit or payroll deduction
Flexible Access to Your Funds: Access your funds at any time throughout the year (with no penalty) by transferring within Online Banking, Mobile Banking, calling the Credit Union, transferring via HomeTeller (automated phone teller) or visiting a branch. Any remaining funds will automatically transfer to your LBS Financial Savings or Checking account on September 1st of each year. Your Summer Savings account automatically renews each year so there’s no need to sign up again. Summer savings accounts are subject to Government Regulation D.
One -Time Catch Up Provision: Deposits may be made only through your direct deposit with the exception of a one-time catch up provision of up to $2,000 at the time you establish the account
Your funds are insured to at least $250,000 by a Federal Government agency (NCUA)

Call the Credit Union or visit a branch today to open a Summer Savings account!

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Related Resources

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Savings & Checking

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Summer Savings Accounts

Earn More with LBS Financial’s Summer Savings Account!

Features