Savings Accounts

All the ways to achieve safe, secure and steady growth

Overview

No-frills and no fees, this simple savings account grows your shares and gives you access to:

Features

Free Online Banking and Online Bill Pay
Free SUM network ScoreCard Rewards ATM card

View Rates

As of 1/18/2025


	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.

Open Online Open Basic Statement Share Account Online Compare Compare

Overview

Get the added advantage of earning a higher rate² for a higher-than-average balance,³ plus:

Features

Free Online Banking and Online Bill Pay
Free SUM network ScoreCard Rewards ATM card

View Rates

As of 1/18/2025


	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

Overview

Build (or rebuild) your credit using a small amount of credit builder loan-secured funds as collateral.⁴

Features

$500 minimum deposit
Improves your credit score

View Rates

As of 1/18/2025


	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.

Overview

For the youngest savers in the house. Experience the joy of watching your money “grow” with this starter savings account.⁵

Features

LUSO funds the first $5 to open your account
Converts to L-U-S-O statement savings account with ATM card at age 12

View Rates

As of 1/18/2025


	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 L-U-S-O Statement Share Account when account holder reaches age 12.

Overview

Get more financial flexibility (and responsibility) as you enter middle school and higher grades.⁶

Features

Free Online Banking and Online Bill Pay
Free Mobile Banking App and Mobile Check Deposit
Free SUM network ScoreCard Rewards ATM card

View Rates

As of 1/18/2025


	L-U-S-O Share Account
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.

Open Online Open L-U-S-O Share Account Online Compare Compare

Overview

Tuck money away for holidays, vacations, renovations or anything else in your future plans.

Features

Open an account with as little as $5
Set your weekly savings amount

View Rates

As of 1/18/2025


	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.

Overview

Earn competitive dividend rates and steady growth with more access to your funds than a term share.

Features

Up to six free monthly transactions
Low minimum deposit and balance

View Rates

As of 1/18/2025


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.

Open Online Open Classic Now Money Market Account Online Compare Compare

Compare your options.


	Basic Statement Share Account	Advantage Statement Share Account	Credit Builder Statement Share Account	Savings Is Fun Statement Share Account	L-U-S-O 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/A¹⁰	$20*
Dividend Rate	0.05%	0.10%	N/A	0.05%	0.05%	0.10%	0.05% (Tiered)
APY⁸	0.05%	0.10%	N/A	0.05%	0.05%	0.10%	0.05% (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 L-U-S-O Statement Share Account 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.

Checking Accounts

Experience all the benefits of banking with LUSO Federal Credit Union, starting with a $5 share account. Open an account today.

Open Online

VISA® Mobile Card App

Download Now

Credit Sense

Know Your Score

Savings Accounts

Jump to:

Basic Statement Share Account

Overview

Features

View Rates

Advantage Statement Share Account

Overview

Features

View Rates

Credit Builder Statement Share Account

Overview

Features

View Rates

Savings Is Fun Statement Share Account

Overview

Features

View Rates

L-U-S-O Share Account

Overview

Features

View Rates

Club Accounts

Overview

Features

View Rates

Classic Now Money Market Accounts

Overview

Features

View Rates

Checking Accounts

Make the most of LUSO membership.

VISA® Mobile Card App

Credit Sense

Financial Resource Center