Savings

Membership / Share Savings Account

It all starts here… It’s so simple to join Lancaster Red Rose Credit Union. Just deposit $25 (plus a $1 lifetime membership fee) into a Regular Share Account. A share account is a basic savings account that requires a $25.00 minimum balance. This account allows you to enjoy all the benefits that Lancaster Red Rose Credit Union offers. Do you need help calculating how much you should be saving for the future? Our savings calculator

Download Membership Application (PDF)

Check Our Rates

(You’ll need Adobe Acrobat 5.0 or higher to view and print the document.)

Once you’ve completed and printed the membership application, you may bring it with your check for your initial deposit and membership fee and your current, valid ID to a branch near you. Or you can mail the completed membership application, your check and ID to:

Lancaster Red Rose Credit Union Attn: New Accounts 1010 New Holland Avenue Lancaster, PA 17601

Who Can Join?

Meet any of the three following criteria, and you’re eligible for membership in Lancaster Red Rose Credit Union. You can join today by printing out the membership application and returning it to our main office address. Or, stop by any of our branches.

  1. Any person who lives, works, worships, or attends school in Lancaster County, Pennsylvania is eligible for membership.
  2. Immediate family members or household members of eligible persons are also eligible for membership.
  3. Businesses and other legal entities within the community boundaries may also qualify for membership.

Money Market Savings

Welcome to the best of both worlds!

Looking for account flexibility and high interest rates? Look no further. LRRCU’s CU Grow Money Market Savings Account offers flexibility, easy access to your money, and high yield interest all in one convenient account.

  • No monthly service fee
  • Competitive tiered dividend rates on balances over $5000
  • Minimum withdraw of $500
  • Maximum of six withdraw transactions allowed per month.

See what your money can do for you. Contact Member Services for more details or to open your CU Grow Money Market Savings Account.

Money Market Savings Deposits Rates

RateAPY
$25.00—$4,999.990.00%0.00%
$5,000.00—$49,999.990.15%0.15%
$50,000.00—$74,999.990.20%0.20%
$75,000.00—$99,999.990.25%0.25%
$100,000.00 +0.30%0.30%

APR = Annual Percentage Rate / DTI = Debt to Income Ratio
*Rates & Terms are Determined by Credit Score & Subject to Change Without Notice

 

Club & Specialty Accounts

LRRCU offers a variety of options to help our members save for a specific purpose such as an upcoming holiday or a future vacation.

  1. Organization / Club Shares
    • Available to all members.
    • Available to all Organizations/Clubs/Associations in Lancaster County.
    • $25.00 minimum to open.
  1. Holiday Club Shares
    • Available to all members.
    • $0.00 minimum to open.
    • Holiday funds shall be disbursed to members in October of each year. Funds will be automatically deposited to the regular share account.
    • Members may withdrawal from or close the Holiday Club prior to October. Each withdrawal occurrence will be charged a $5.00 processing fee.
  1. Anything Club Shares
    • Available to all members.
    • $0.00 minimum to open.
    • Members shall have access to anything club shares at any time.
  1. Specialty Shares
    • In Trust for Accounts*
    • Living Trust Accounts*
    • Custodian Accounts*
    • Estate Accounts*

*Restrictions apply, contact LRRCU member services for account details.

Certificates & Deposits

Share Certificates are an excellent way to invest your money and earn an aggressive yet safe return. LRRCU’s Share Certificates provide investment flexibility, high earnings and the advantage of a fixed rate for the term you choose. Share Certificates can be opened with just a minimum deposit of $500 and terms are available from 6 to 60 months.

The National Credit Union Administration’s (NCUA) Share Insurance Estimator  lets consumers, credit unions, and their members know how its share insurance rules apply to member share accounts—what’s insured and what portion (if any) exceeds coverage limits.

Share & IRA Certificates of Deposit Rates

MinimumShare CDShare APYIRA CDIRA APY
6 Months$500.000.15%0.15%0.25%0.25%
12 Months$500.000.25%0.25%0.35%0.35%
18 Months$500.000.35%0.35%0.45%0.45%
24 Months$500.000.45%0.45%0.55%0.55%
36 Months$500.000.55%0.55%0.65%0.65%
48 Months$500.000.75%0.75%0.85%0.85%
60 Months$500.000.95%0.95%1.05%1.05%

APR = Annual Percentage Rate / DTI = Debt to Income Ratio
*Rates & Terms are Determined by Credit Score & Subject to Change Without Notice

Jumbo Share & IRA Certificates of Deposit Rates

MinimumShare CDShare APYIRA CDIRA APY
6 Months25,0000.20%0.20%0.35%0.35%
12 Months25,0000.30%0.30%0.40%0.40%
18 Months25,0000.40%0.40%0.50%0.50%
24 Months25,0000.50%0.50%0.60%0.60%
36 Months25,0000.60%0.60%0.70%0.70%
48 Months25,0000.80%0.80%0.90%0.90%
60 Months25,0001.00%1.00%1.10%1.10%

APR = Annual Percentage Rate / DTI = Debt to Income Ratio
*Rates & Terms are Determined by Credit Score & Subject to Change Without Notice

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