Savings Accounts
At Lambton Financial Credit Union, we recycle your money. Your
deposits are reinvested in loans to other members, residents
and businesses in the communities we serve.
True Savings
- Variable rate interest is calculated on the daily balance
and paid quarterly.
Super Savings
- Added feature of automatic, no-fee transfers to your chequing
account to cover cheques
- Variable rate interest is calculated on the daily balance
and paid quarterly
Tiered Term Savings
- Premium savings account
- Variable rate interest is calculated on
the daily balance and paid monthly
- Minimum balance of $5,000 is required
- Rate escalates with deposit amount; bonus rates paid for
amounts greater than $50,000 and greater than $100,000
- Added feature of automatic, no-fee transfers to your chequing
account to cover cheques
Canadian dollar deposits insured up to $100,000 by the Deposit Insurance Corporation of Ontario
US Savings
- US dollar savings account
- Variable rate interest is calculated on
the daily balance and paid quarterly
Bonus Interest
- At Lambton Financial we give our profits back to our member owners whenever possible
- In 2007 we declared a 10% bonus interest on all 2006 T5 eligible interest
- In 2006 we declared a 10% bonus interest on all 2005 T5 eligible interest
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