Holiday Closing Reminder
LGE will be closed on Thursday, Nov. 22 and Friday, Nov. 23 in observance of Thanksgiving.

Savings

Earn more, save more.

Share Savings

The Share Savings Account is a basic savings account used to establish membership at the credit union. And it allows you to earn dividends on your balance.

  • $5 minimum deposit to open and maintain the account
  • Federally insured up to $250,000
  • No monthly maintenance fees when account is active
  • Earns dividends – click here for current rate
  • eStatement option for greater security
  • Easy account access through debit cards, Memberline (24-hour automated phone banking system), Online and Mobile Banking, and at any LGE location

A $5 minimum balance is required to maintain a Membership (Base) Savings Account. Fees can reduce earnings on accounts. Dividends are variable and are subject to change after the account is opened. Dividends are compounded quarterly.

Custodial Savings

Establish prosperous futures for your children with Custodial Savings Accounts.

By opening accounts for your children while they are growing up, you teach them how to save money and to grow into financially savvy adults.

  • $5 minimum deposit to open and maintain the account
  • Access in person, by mail, Memberline (24-hour automated phone banking system), Online Banking or Mobile Banking
  • To help save money faster, consider setting up an automatic transfer or payroll deduction to be deposited directly into the account
  • Earns dividends – click here for current rate
  • Federally insured up to $250,000
  • eStatement option for greater security

A $5 minimum balance is required to maintain a Custodial Savings Account. Fees can reduce earnings on accounts. Dividends are variable and are subject to change after the account is opened. Dividends are compounded quarterly.

Special Savings

We offer Special Savings Accounts as a way to save for something specific, such as the holidays, a vacation or a new car.

Once the account is opened, you can change the description of this account — for example, “Jennifer’s Wedding.”

  • No minimum balance requirement
  • Access in person, by mail, Memberline (24-hour automated phone banking system), Online Banking or Mobile Banking.
  • To help save money faster, consider setting up an automatic transfer or payroll deduction to be deposited directly into the account
  • Earns dividends – click here for current rate
  • Federally insured up to $250,000
  • eStatement option for greater security

Fees can reduce earnings on accounts. Dividends are variable and are subject to change after the account is opened. Dividends are compounded quarterly.

Learn More about Savings Accounts

Savings accounts are limited to 6 withdrawals per month as required by Regulation D. Examples of transactions that are limited to 6 include, but are not limited to, checks, Online Banking transfers and telephone transfers.

Electronic Funds Transfers

Find more information on electronic funds transfers under Regulation E.

Health Savings Accounts

HSA FAQs

  • What can you use the funds in the account for?

    You can withdraw HSA account dollars, tax-free, for any qualified medical expenses. An eligible medical expense is an expense that pays for healthcare services, equipment, or medications as described in IRS Publication 502. In general, your HSA can be used for:

    • expenses applied to your health plan deductible
    • dental care services
    • vision case services
    • prescriptions drugs and medicines
    • certain medical equipment

    A list of eligible medical expenses can be found in IRS Publication 502 at www.irs.gov

  • Who has these accounts already?

    The government estimates that over 3 million Americans currently own these tax-advantaged accounts.

Questions about Savings Accounts?

Please get in touch. We'd love to hear from you!