Lake MichiganSavings accountChecked Oct 10, 2026Updated
Lake Michigan Member Savings
0.25%APY on $10,000 · as of Oct 10, 2026
- A year on $10,000
- $25 after fees
- Monthly fee
- No monthly fee
- To open
- $5 to open
- On our list
- #114 of 234 savings accounts, by a year’s value on $10,000
Visit Lake MichiganThe bank’s own page · checked Oct 10, 2026
What it earns in a year
Interest at the APY for each balance, minus any monthly fee you’d pay. Rates are variable; these are today’s.
| Balance | APY | A year, after fees |
|---|---|---|
| $1,000 | 0.25% | $2 |
| $5,000 | 0.25% | $12 |
| $10,000 | 0.25% | $25 |
| $25,000 | 0.25% | $62 |
| $50,000 | 0.25% | $125 |
| $100,000 | 0.25% | $250 |
Rate conditions
Fees
- Monthly fee
- NoneSource · checked Oct 10, 2026
- Ways to avoid the monthly fee
- Any one of these:
- account has a minimum daily balance of $300
- primary member is 23 years old or younger
- account has direct deposit
- reach VIP Status
- have other LMCU accounts such as a checking account, loan, or CD under the same membership
- Minimum to open
- $5Source · checked Oct 10, 2026
- ATM network
- 55,000+ surcharge-free Allpoint ATMs nationwideSource · checked Oct 10, 2026
- ATMs in the network
- 55,000Source · checked Oct 10, 2026
Who can open it
- Membership
- Open to anyone who qualifies through one of these:
- People who live, work, worship or attend school anywhere in Michigan’s lower peninsula or Florida
- Contribute $5 to the ALS (Amyotrophic Lateral Sclerosis) Foundation ($5)
- Family members of existing LMCU members
Features
Branch accessInterest bearingNo minimum balanceOnline openingSavings buckets
From the bank’s own pages. A feature not listed may still be offered: we list only what the bank states.
Rates and fees change; the bank’s own page is the final word. Report a mistake · How we make money