Serving your community since 1980 CALL US: 973.344.5125 Savings/CD Accounts Lusitania Savings Bank offers you many different Savings Account choices, each designed to meet your unique financial goals. Whether you need a savings tier-rate account, the higher interest rate paid on a certificate of deposit or the tax deferral benefits of an IRA account, we’re confident that one of our Savings Account products will be exactly what you’re looking for. Choose from any of the options below, all of which come with the peace of mind of FDIC insurance. Statement Savings Account Passbook Savings Account Super Savings Account Certificates of Deposit Special Certificate of Deposit Individual Retirement Accounts Coverdell IRA (Educational) UTMA Accounts (Minors) Rent Security DEPOSIT RATES Statement Savings Account It’s a convenient way to save without the need to carry a passbook. You can use this account to transfer money to your checking account at an ATM machine with your debit card. Furthermore, this account may be linked to your checking account for overdraft protection. Minimum Deposit to open | $100 Minimum Deposit to earn APY | $100 +A fee will apply if account is closed before six months. +A quarterly fee will apply if account balance is less than $100. Passbook Savings Account If you like to monitor growth, the passbook account is the traditional way to save. Furthermore, this account may be linked to your checking account for overdraft protection. Minimum Deposit to open | $1,000/$100 Minor Minimum Deposit to earn APY | $100 +A fee will apply if account is closed before six months. +A quarterly fee will apply if account balance is less than $100. Super Savings Account Looking for an account that pays higher interest with no early withdrawal penalties? Our Super Savings Account was designed to offer you the interest return of a certificate of deposit combined with the convenience and features of a savings account, all with no penalty for early withdrawal. Minimum balance to open account is $25,000 with a checking account or mortgage loan. Minimum Deposit to open | $25,000 Minimum Deposit to earn APY | $1,000 +A fee will apply if account is closed before six months. +A quarterly fee will apply if account balance is less than $100. Special Certificate of Deposit Special Certificate of Deposit is an excellent choice if you are looking for a product that earns a high interest rate. Minimum Deposit to open | $2,500/ $500 Minor Minimum amount to earn APY | $500 CD Terms: 3, 5, 7, 10, and 15 months CD IRA Terms: 60 months Special rate can not be combined with any other promotional rate offer. +An early withdrawal penalty will be imposed if CD is closed prior to maturity. Individual Retirement Accounts Give yourself the retirement you’ve dreamed of by depositing into an IRA. Lusitania Savings Bank offers a variety of investment options. You can open a Traditional or Roth IRA and take advantage of a fixed rate certificate or a variable rate account. And if you are age 50 or over you may invest an additional amount. Coverdell IRA (Educational) College costs keep rising. There is no tax deduction for deposits, but the investment earnings accumulate without being taxed and your future withdrawals will be tax-free as long as the money is used for tuition, books, or room and board. You have the choice of opening a fixed rate certificate or deposit into a variable rate account. Planning ahead has never been so easy. UTMA Accounts (Minors) Never too soon to start saving. Teach your young ones how to save by opening a savings or certificate of deposit. Rent Security This is a savings account opened in the name of the Tenant to be transacted by the Landlord. A tax form will be mailed to the Tenant to report interest earned on the account. +Annual Percentage Yield (APY) Lusitania Savings Bank uses the daily balance compounding method to calculate the interest on your account(s). The annual percentage yield (APY) on your account assumes that the funds will be on deposit for a full year at the initial rate and that interest is credited to the principal when paid. Interest will be paid monthly. Except for fixed rate deposits, interest rate and annual percentage yield (APY) may be adjusted at any time without notice. No interest will be paid for the days the account is below the minimum amount required. The minimum amount to obtain APY is $100.00 on Savings Accounts and $500.00 on CDs. The minimum amount to obtain APY on Value Checking is $10,000.00. Fees and/or penalties charged to your account may reduce earnings. Overdraft fees may apply to overdrafts created by check, in-person withdrawal, ATM withdrawal or other electronic means as applicable. Upcoming Bank Holidays Dec 2021 Christmas Eve December 24, 2021 Open for business until 1 PM Christmas Day December 25, 2021 Closed for business New Year’s Eve December 31, 2021 Open for business until 1:00 pm LOST OR STOLEN CREDIT CARD Call (866) 552-8855 within the US Call (701) 461-1922 outside the US LOST/STOLEN OR PINSET DEBIT CARD Call (800) 554-8969 within the US Call (614) 564-5101 outside the US Pinset Call (800) 567-3451 within the US USEFUL LINKS Branch Information Corporate Directory Deposit Rates Ordering Checks Visa Credit Card Services FDIC’s Electronic Deposit Insurance Esitmator (EDIE) Copyright © 2021 All Rights Reserved | Lusitania Savings Bank NMLS No. 640892 | Privacy Policy | Disclaimer| Accessibility Statement | Sitemap