Credit union · NCUA insured
Lake Michigan Credit Union Savings Rates
Top CarrotLake Michigan Credit Union’s best savings rate is 1.75% APY on $10,000, with its Max Savings. Rates checked October 5, 2026.
How Lake Michigan Credit Union’s savings rates compare
Compared with banks and credit unions near Grand Rapids, MI, where Lake Michigan Credit Union has the most branches. $10,000, best rate first.
This credit union’s best
Lake Michigan Credit Union
1.75%APY
- Requires
- None
- Minimum
- $0
- Earns on $10,000 a year
- $175
Max Savings
Top rate
Ignite Credit Union
5.00%APY
- Requires
- Monthly account activity
- Minimum
- $0
- Earns on $10,000 a year
- $500
2nd-highest rate
First National Bank of America
4.20%APY
- Requires
- None
- Minimum
- $1,000
- Earns on $10,000 a year
- $420
Lake Michigan Credit Union savings score
89
Savings score
Higher than 87% of U.S. banks and credit unions
- $1,000 balance$1,0001.75%
- $10,000 balance$10,0001.75%
- $100,000 balance$100,0002.90%
- QualifiedQualified1.75%
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 Lake Michigan 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.
Max Money Market
1.00%APY
A member savings account with a $5 minimum balance is required to establish and maintain membership. No minimum deposit and no monthly fees. Includes check-writing access. Interest is accrued daily and paid monthly. Variable rates subject to change after account opening.
| Balance | APY | Earns on $10,000 a yearEarns |
|---|---|---|
| Up to $2,500 | 1.00% | — |
| $2,500 – $10,000 | 1.00% | — |
| $10,000 – $25,000 | 1.00% | $100 |
| $25,000 – $50,000 | 2.00% | — |
| $50,000 – $100,000 | 2.00% | — |
| $100,000 – $250,000 | 2.90% | — |
| $250,000 – $1,000,000 | 3.15% | — |
| $1,000,000 and up | 3.90% | — |
Max Savings
1.75%APY
Tiered interest rate computed daily and paid quarterly on balances of $100 or more. No minimum balance or deposit required, no monthly fees, and no withdrawal penalties.
| Balance | APY | Earns on $10,000 a yearEarns |
|---|---|---|
| Up to $100 | 0.00% | — |
| $100 – $100,000 | 1.75% | $175 |
| $100,000 – $250,000 | 2.90% | — |
| $250,000 – $500,000 | 3.15% | — |
| $500,000 – $1,000,000 | 3.15% | — |
| $1,000,000 and up | 3.90% | — |
Sources (3)
- lmcu.org/rates/share-rates
- lmcu.org/checking-and-savings/savings-accounts
- lmcu.org/checking-and-savings/…ngs-accounts/max-savings
All captured Oct 5, 2026
Member Savings
0.25%APY
Primary account establishing credit union membership ($5 minimum opening deposit). $5 monthly Non-Relationship Fee applies on accounts with only Member Savings; waived if account maintains a $300 daily average balance, primary member is under 24 years of age, receives direct deposit, has VIP Status, or holds other LMCU accounts (checking, loan, or CD).
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| $100 and upRequires $100 minimum balance to earn interest. $5 monthly fee waived with $300 daily average balance, primary member under 24, direct deposit, VIP status, or other qualifying LMCU accounts.$100 and up | 0.25% | $25 | Requires $100 minimum balance to earn interest. $5 monthly fee waived with $300 daily average balance, primary member under 24, direct deposit, VIP status, or other qualifying LMCU accounts. |
Sources (2)
All captured Oct 5, 2026
Special-purpose accounts
Kids Club Savings
0.25%APY
Youth savings account for children ages 12 and under. Requires a parent or guardian as joint account owner and the child's Social Security card. Automatically converts to Teen Club upon turning 13.
| Balance | APY | Earns on $10,000 a yearEarns |
|---|---|---|
| Up to $1,000 | 3.00% | — |
| $1,001 and up | 0.25% | $25 |
Sources (3)
- lmcu.org/rates/share-rates
- lmcu.org/checking-and-savings/savings-accounts
- lmcu.org/checking-and-savings/…ounts/kids-and-teen-club
All captured Oct 5, 2026
Teen Club Savings
0.25%APY
Youth savings account for members ages 13–17. Requires a parent or guardian as joint account owner and the teen's Social Security card.
| Balance | APY | Earns on $10,000 a yearEarns |
|---|---|---|
| Up to $1,000 | 3.00% | — |
| $1,001 and up | 0.25% | $25 |
Sources (3)
- lmcu.org/rates/share-rates
- lmcu.org/checking-and-savings/savings-accounts
- lmcu.org/checking-and-savings/…ounts/kids-and-teen-club
All captured Oct 5, 2026
Health Savings Account
0.50%APY
Must be enrolled in a qualifying high-deductible health plan (HDHP). No opening, maintenance, or transaction fees; funds roll over year to year for qualified medical expenses.
| Balance | APY | Earns on $10,000 a yearEarns |
|---|---|---|
| Up to $1,000 | 0.25% | — |
| $1,000 – $5,000 | 0.25% | — |
| $5,000 – $15,000 | 0.50% | $50 |
| $15,000 and up | 1.00% | — |
Sources (3)
- lmcu.org/rates/share-rates
- lmcu.org/checking-and-savings/savings-accounts
- lmcu.org/checking-and-savings/savings-accounts/hsa
All captured Oct 5, 2026
Coverdell ESA Money Market
0.60%APY
A member savings account with a $5 minimum balance is required to establish and maintain membership.
| Balance | APY | Earns on $10,000 a yearEarns |
|---|---|---|
| Any balance | 0.60% | $60 |
Sources (1)
- lmcu.org/rates/share-rates · captured Oct 5, 2026
IRA Money Market Savings
0.60%APY
A member savings account with a $5 minimum balance is required to establish and maintain membership. LMCU IRAs come with no account opening or maintenance fees. IRAs are established under an Insured Money Market Account.
| Balance | APY | Earns on $10,000 a yearEarns |
|---|---|---|
| Any balance | 0.60% | $60 |
Sources (2)
All captured Oct 5, 2026
Roth IRA Shares
0.60%APY
| Balance | APY | Earns on $10,000 a yearEarns |
|---|---|---|
| Any balance | 0.60% | $60 |
Sources (1)
- lmcu.org/rates/share-rates · captured Oct 5, 2026
SEP IRA
0.60%APY
| Balance | APY | Earns on $10,000 a yearEarns |
|---|---|---|
| Any balance | 0.60% | $60 |
Sources (1)
- lmcu.org/rates/share-rates · captured Oct 5, 2026
Holiday Club
0.25%APY
Dedicated seasonal savings account. Full balance plus interest transfers automatically to a designated checking or savings account every September 30. Early withdrawal before September 30 incurs a $3 fee.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Any balanceEarly withdrawal before September 30 incurs a $3 fee.Any balance | 0.25% | $25 | Early withdrawal before September 30 incurs a $3 fee. |
Sources (2)
All captured Oct 5, 2026
Who can join Lake Michigan Credit Union
We don’t have this credit union’s membership requirements here yet. Confirm that you can join before applying.