YOU WORK HARD FOR YOUR MONEY. WE WORK HARD FOR YOU.

Personal

 

personal | personal savings

Share Savings

When you join Lake Chem, you’ll open a member Share Savings Account that basically serves as the foundation to everything else that you will do with us. Opening this account officially makes you a member of our credit union as well as an equal owner. We are member-owned and operated.

To open this account with us, you must live, work, worship or go to school in Marshall or Calloway County or are an immediate family member of any of the above. It only takes $25 to get the account started and you’ll begin earning dividends on quarterly average balances. Opening a checking account with your Share Savings Account upgrades your savings account to a Premium Share Savings Account, allowing you to earn a higher APY quarterly. Click here to view rates.

If you’re working to save for a variety of things or like to keep certain accounts separate from others, you can add as many savings sub-accounts as you’d like. For example: Some members have a “bills account”, a “wedding/honeymoon account” or even a “home down payment account” if you’re looking to purchase a home in the near future (which we can also assist you with). It’s completely up to you. We can also assist you in automatic deposits to ensure that these savings accounts are constantly growing without you having to raise a single finger.

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No monthly minimum balance required

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FREE ATM card included with access to our 24-hour ATMs

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Interest is paid quarterly

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FREE Online & Mobile Banking Access

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Unlimited call-in share transfers

Share Checking

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No monthly minimum balance required

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No monthly fees or services charges

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FREE Online & Mobile Banking Access

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FREE debit card

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Unlimited call-in share transfers

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Dividends paid monthly on balances of $500.00+

Our FREE Share Checking at Lake Chem gives you the great convenience of a worry-free checking account. After opening your Share Savings, a share checking account can be opened with a minimum $100 deposit, FREE of fees and monthly service charges. With a checking account, a debit card is provided along with online banking — everything to make your financial experience with us simple and easy.

*Overdraft fees may apply when necessary.

IRAs & CDs

IRAs

After working hard the majority of your life, we want you to have a stress-free retirement. It’s never too late or too soon to start saving for your retirement. Our IRA program is perfect for you to ensure that you have the money you need, when you will need it the most.

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Dividends paid quarterly

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Deposits can be made via payroll deduction, lump sum deposit or rollover from another IRA or 401k plan

CDs

Money may not grow on trees, but when you invest it with us by Certificate of Deposit it does at Lake Chem. A CD is very similar to a savings account, but secures your money and locks in your rate for a particular length of time. Withdrawing your funds early will result in a penalty. Our CDs offer a more enticing rate than our savings accounts.

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Minimum deposits of $1000.00

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CD terms range from 12 months and up

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You choose how to receive interest earned

CD Rates

AmountTermsDividend RateAnnual Percentage Yield
$1,000.00 Minimum 12 Months 0.75% 0.75%
18 Months 0.90% 0.90%
24 Months 1.10% 1.11%

 

Club Accounts

Christmas Club

Available to open any time of the year, our Christmas Club accounts are a great, easy way to save for Christmas shopping. Make monthly, weekly or even daily deposits into this account and we will issue you a check the middle of October so that you can get a good jump start on your Christmas shopping. It’s worry and stress-free.

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No minimum deposit

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Open your club account any time of the year

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Automatic transfer is available

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No penalty for early withdrawal

Vacation Club

Our Vacation Club accounts offer our hard-working members a great way to easily save for a well-deserved vacation. Make monthly, weekly or even daily deposits into this account and withdrawal when you’re ready to take off. Setting up automatic transfers from deposits is also an option to help you save quicker.

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No minimum deposit

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Open your club account any time of the year

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Automatic transfer is available

Debit Cards

Our debit cards are FREE once a checking account is opened. Unlike a credit card, when using a debit card money comes directly from the user’s account when performing a transaction (like using a check). To ensure the best security, all of our debit cards are made with an EDM chip to better protect our members from fraudulent transactions. We use Mastercard as our debit card carrier, allowing you to swipe your card everywhere in the US that accepts debit payment plus 210 other countries and territories.


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