Credit union · NCUA insured
LorMet Savings Rates
LorMet’s best savings rate is 0.25% APY on $10,000, with its Money Market Savings Account. Rates checked October 16, 2026.
How LorMet’s savings rates compare
Compared with banks and credit unions near Cleveland, OH, where LorMet has the most branches. $10,000, best rate first.
This credit union’s best
LorMet
0.25%APY
- Minimum
- $2,500
- Earns on $10,000 a year
- $25
Money Market Savings Account
Top rate
Century Federal Credit Union
5.00%APY
- Minimum
- $100
- Earns on $10,000 a year
- $500
2nd-highest rate
CFBank
4.25%APY
- Minimum
- —
- Earns on $10,000 a year
- $425
LorMet savings score
70
Savings score
Higher than 26% of U.S. banks and credit unions
- $1,000 balance$1,0000.05%
- $10,000 balance$10,0000.25%
- $100,000 balance$100,0000.35%
- QualifiedQualified0.25%
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 LorMet 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 Market Savings Account
0.25%APY
Eligibility: Live, work, or worship in Lorain County, Rocky River, Bay Village, Westlake, North Olmsted, Olmsted Falls, or Olmsted Township. Tiered rate account where the dividend rate and APY for the balance range apply to the full balance of the account once met.
| Balance | APY | Earns on $10,000 a yearEarns |
|---|---|---|
| Up to $2,500 | 0.15% | — |
| $2,500 – $10,000 | 0.20% | — |
| $10,000 – $25,000 | 0.25% | $25 |
| $25,000 – $50,000 | 0.30% | — |
| $50,000 and up | 0.35% | — |
Sources (1)
- lormet.com/credit-union-savings · captured Oct 6, 2026
Primary Savings
0.05%APY
Eligibility: Live, work, or worship in Lorain County, Rocky River, Bay Village, Westlake, North Olmsted, Olmsted Falls, or Olmsted Township. Minimum opening balance: $5 to become a member.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| $50 and upVariable rate. A $50.00 minimum balance is required to earn quarterly dividends/stated APY. Monthly service fee of $9.75 waived with an average daily balance of $750+.$50 and up | 0.05% | $5 | Variable rate. A $50.00 minimum balance is required to earn quarterly dividends/stated APY. Monthly service fee of $9.75 waived with an average daily balance of $750+. |
Vision Savings
0.05%APY
Eligibility: Live, work, or worship in Lorain County, Rocky River, Bay Village, Westlake, North Olmsted, Olmsted Falls, or Olmsted Township. A LorMet checking account is required to be eligible to open this account.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| $50 and upVariable rate. A $50.00 minimum balance is required to earn quarterly dividends/stated APY. Monthly service fee of $9.75 waived with an average daily balance of $750+.$50 and up | 0.05% | $5 | Variable rate. A $50.00 minimum balance is required to earn quarterly dividends/stated APY. Monthly service fee of $9.75 waived with an average daily balance of $750+. |
Special-purpose accounts
Holiday Savings
0.05%APY
Eligibility: Live, work, or worship in Lorain County, Rocky River, Bay Village, Westlake, North Olmsted, Olmsted Falls, or Olmsted Township. Mandatory Holiday Savings account allows withdrawal one time per year. Each November 1st, funds automatically transfer into Primary Savings account.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| $50 and upVariable rate. A $50.00 minimum balance is required to earn quarterly dividends/stated APY. Monthly service fee of $9.75 waived with an average daily balance of $750+.$50 and up | 0.05% | $5 | Variable rate. A $50.00 minimum balance is required to earn quarterly dividends/stated APY. Monthly service fee of $9.75 waived with an average daily balance of $750+. |
Who can join LorMet
This may be incomplete or out of date, so check with the credit union before you apply.
Where you live or work
- Anyone who lives in Lorain County or the cities of Bay Village, Rocky River, Westlake, North Olmsted, Olmsted Falls or Township is eligible to join.
- Those who work in Lorain County or the cities of Bay Village, Rocky River, Westlake, North Olmsted, Olmsted Falls or Township are eligible to join.
- Those who worship in Lorain County, Rocky River, Bay Village, Westlake, North Olmsted, Olmsted Falls, or Olmsted Township are eligible to join.
Military, government and schools
- Those who attend school in Lorain County or the cities of Bay Village, Rocky River, Westlake, North Olmsted, Olmsted Falls or Township are eligible to join.
Family and household
- Immediate family members of current LorMet members are eligible to join.
Membership information collected October 5, 2026.