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Holiday Savings Account
Start saving today for the holidays by opening a LorMet Holiday Savings Account! The Holiday Savings account is one of many products and services LorMet offers to meet your financial planning needs. This account only requires a minimum $5.00 deposit. With this interest bearing account, you must maintain a $50 minimum balance to earn quarterly interest.
The Holiday Savings account, allows you one withdrawal per year if you choose to do so. Each October 31st, your Holiday account funds will be automatically transferred to your Regular Savings account. You may then transfer the funds to another account; withdraw the funds; or roll the funds into another Holiday Savings Account.
Extra Security for Your Deposits
Your deposit accounts, such as individual and joint accounts and revocable trust accounts, are insured by the National Credit Union Administration (NCUA) up to a maximum of $100,000. The NCUA insures Individual Retirement Accounts to $250,000. LorMet provides an additional savings coverage to qualifying accounts through ESI, a licensed property and casualty insurance company.
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