Credit union · NCUA insured
LOC Credit Union Savings Rates
LOC Credit Union’s best savings rate is 0.70% APY on $10,000, with its Money Fund. Rates checked October 16, 2026.
How LOC Credit Union’s savings rates compare
Compared with banks and credit unions near Detroit, MI, where LOC Credit Union has the most branches. $10,000, best rate first.
This credit union’s best
LOC Credit Union
0.70%APY
- Requires
- None
- Minimum
- $2,500
- Earns on $10,000 a year
- $70
Money Fund
Top rate
Ignite Credit Union
5.00%APY
- Requires
- Monthly account activity
- Minimum
- $0
- Earns on $10,000 a year
- $500
2nd-highest rate
Flagstar Bank
4.00%APY
- Requires
- None
- Minimum
- $1
- Earns on $10,000 a year
- $400
LOC Credit Union savings score
81
Savings score
Higher than 55% of U.S. banks and credit unions
- $1,000 balance$1,0000.05%
- $10,000 balance$10,0000.70%
- $100,000 balance$100,0001.60%
- QualifiedQualified0.70%
Each track runs from the lowest to the highest rate among U.S. banks and credit unions; the dot is this rate.Qualified: needs another account or monthly activity.
Where LOC Credit Union ranks
By savings score, in each area where it has branches
Every rate
Current savings rates
Rates from the credit union’s website. Earnings assume the rate doesn’t change.
Money Fund
0.70%APY
Membership is open to anyone who lives, works, worships, or attends school in the state of Michigan, or immediate family/household members of an eligible member. Minimum of $2,500 to open the account. Must maintain at least $2,500 to earn dividends. Dividends are calculated using daily balance, paid and compounded monthly. Dividend rate is subject to change at any time.
| Balance | APY | Earns on $10,000 a yearEarns |
|---|---|---|
| $2,500 – $9,999 | 0.60% | — |
| $10,000 – $24,999 | 0.70% | $70 |
| $25,000 – $49,999 | 0.90% | — |
| $50,000 – $74,999 | 1.10% | — |
| $75,000 – $99,999 | 1.25% | — |
| $100,000 – $249,999 | 1.60% | — |
| $250,000 – $499,999 | 1.70% | — |
| $500,000 and up | 1.85% | — |
Regular Savings
0.05%APY
Required when joining LOC Credit Union and represents member share; must remain on deposit to keep membership active. Acts as an overdraft option for checking accounts.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| $100 and upDividends are calculated using daily balance, paid and compounded quarterly. $100 minimum balance required to earn dividends if age 18 or older; no minimum balance required if under 18. Dividend rate is subject to change at any time. Fees may reduce earnings.$100 and up | 0.05% | $5 | Dividends are calculated using daily balance, paid and compounded quarterly. $100 minimum balance required to earn dividends if age 18 or older; no minimum balance required if under 18. Dividend rate is subject to change at any time. Fees may reduce earnings. |
Sources (1)
- loccreditunion.com/savings · captured Oct 16, 2026
Special-purpose accounts
Christmas Club Account
0.05%APY
Funds are automatically transferred to checking account in November but available at any time without penalty.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| $100 and upDividends are calculated using daily balance, paid and compounded quarterly. $100 minimum balance required to earn dividends if age 18 or older; no minimum balance required if under 18. Dividend rate is subject to change at any time. Fees may reduce earnings.$100 and up | 0.05% | $5 | Dividends are calculated using daily balance, paid and compounded quarterly. $100 minimum balance required to earn dividends if age 18 or older; no minimum balance required if under 18. Dividend rate is subject to change at any time. Fees may reduce earnings. |
Sources (1)
- loccreditunion.com/savings · captured Oct 16, 2026
Vacation Club Account
0.05%APY
Also referenced under Additional / Sub Savings for saving separately for vacations, college, home renovations and big purchase items.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| $100 and upDividends are calculated using daily balance, paid and compounded quarterly. $100 minimum balance required to earn dividends if age 18 or older; no minimum balance required if under 18. Dividend rate is subject to change at any time. Fees may reduce earnings.$100 and up | 0.05% | $5 | Dividends are calculated using daily balance, paid and compounded quarterly. $100 minimum balance required to earn dividends if age 18 or older; no minimum balance required if under 18. Dividend rate is subject to change at any time. Fees may reduce earnings. |
Sources (1)
- loccreditunion.com/savings · captured Oct 16, 2026
Who can join LOC Credit Union
This may be incomplete or out of date, so check with the credit union before you apply.
Where you live or work
- Membership is open to anyone who lives, works, worships, or attends school in the state of Michigan.
Family and household
- Immediate family members (spouse, sibling, child, grandchild, parent, grandparent) or individuals living in the same household of a current or eligible member are eligible for membership.
Membership information collected October 5, 2026.