Summer Savings
Summer Savings Account
Earn More with LBS Financial’s Summer Savings Program!
Relax and Stretch Your Paycheck into Summer! LBS Financial Members who are classified or certificated school employees can save for the summer months when they don’t receive a paycheck – and earn significant dividends –- by signing up for the Credit Union’s Summer Savings program.This special plan was designed to give you peace of mind by providing an easy way to allocate a portion of each paycheck towards the summer months.
What’s unique about LBS Financial’s new Summer Savings program?
- 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
- Flexible Access to Your Funds: Access your funds at any time throughout the year (with no penalty) by transferring within CU OnLine (online 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.
- 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
- Earn More for Participating: Every Summer Savings account earns a high dividends base rate. Click here for current rates. Increase this rate by as much as 1.25% based on your participation in additional products and services at the Credit Union!
If you have any of these LBS Financial Product(s), add the following to your Summer Savings base rate*:
| Secured Consumer Loan | 0.50% |
| Mortgage Loan | 0.50% |
| Combined Share/Savings of $20,000 or greater | 0.25% |
| eStatements and an active Debit and/or Credit Card | 0.25% |
| Maximum Rate Increase Possible (cap) |
1.25% |
Call the Credit Union or visit a branch today to open a Summer Savings account!
* Only one rate increase per Member in each category with a max rate increase of 1.25% available over the base rate. Eligibility for your monthly rate is calculated on the last day of the month before dividends are paid.

