Save Faster When You Bank With Us!
Lighthouse strives to offer the absolute highest rates on all our bank accounts.
No-Fee High Interest Savings Account
4.25%
Earn our highest interest rate with no fees or minimum balance requirements.
*Rates subject to change at any time. Please read our FAQ or ask one of our service representatives in branch or by phone for more details.
Open an Account With Us Today
Start taking advantage of our amazing rates and join thousands of satisfied members.
To open an account, you first need to become a member of our credit union. This can be done online and takes just a few minutes. Click here to become a member.
Competitive Rates
Earn industry-leading interest rates on your deposits and watch your savings grow faster.
No Hidden Fees
We believe in transparent banking with no hidden fees to eat away at your hard-earned money.
Local Service
As a credit union, we’re member-owned and committed to providing exceptional local service.
Frequently Asked Questions
Is the 4.25% rate promotional or for a limited time?
It is not a promotional rate, nor is it for a limited time, but it still is subject to change at any time. Since we are a fairly new institution and do not yet have all the products/services that larger institutions have – we understand the need to provide immense value in other areas, and this is reflected in our rates. We have not lowered the rates on our saving and chequing accounts in over a year, and we are attempting to keep them outrageously high for as long as we can.
Do these accounts cost money and are there any fees?
There are no fees on our High Interest Savings Account. Zero fees mean you earn the full 4.25% on your money without any cost to you. You worked hard for your money. You deserve to keep it all. …plus the interest you’ll be earning in your account!
Currently we do not charge any fees for our Chequing Account. Our goal is to keep this account completely free for as long as possible. If one day we need to start charging a small fee for this account, don’t worry, we will be in touch with you first to make sure you are fully informed. We don’t like surprises. In the meantime, you can enjoy unlimited transactions in this zero-fee Chequing account, while also earning 2% on your balance.
How can I open an account?
To open an account, you must first become a member of our credit union. This can be done online here or at our branch at 2793 Bathurst Street. Once you have become a member of Lighthouse Credit Union, you can open up any accounts you’d like. Currently, the best way to open an account is in person at our branch. If coming into our branch does not work for you, you can also reach out to us and we can setup a video call with you to open your account. We understand life is busy, and that’s why we now offer the option for Lighthouse to come to you. (We are also developing a fast and secure way to open accounts completely online, but this option is still in development and will only be available once it is complete.) All you need is a piece of photo ID to get started.
Is there a minimum balance that is required?
Simply put, there is no minimum balance required to open any of accounts. Our rates will not decrease or increase based on your account balance.
Get in Touch
If you have any questions, or would like to know more, please reach out to us!
We’re Here To Help
Email: general@lighthousecu.ca
Phone: (416) 477-LCUL (5285)
2793 Bathurst Street
Toronto, ON M6B 3A4
Monday – Friday, 9:30 am – 5:30 pm