If you’re reading this, you’ve probably heard that LMCU’s Max Checking account is “57x better.” After all, we’re pretty proud of this fact, which is why we’re glad to hear that word is getting around. From billboards and social media posts to recommendations from family and friends, our Max Checking has people talking!
But what does “57x better” really mean for you, your family, and your wallet? Let’s break it down.
“57x better than what?”
Simply put, our Max Checking account earns interest at a rate of 4.00% annual percentage yield (APY). This means that the money you have in your checking account will grow by 4.00% each year. We calculate and pay out that interest at the end of each month, so your earnings continue to compound throughout the year.
Meanwhile, the average bank checking account only earns 0.07% APY. When you compare that to our 4.00% APY rate, this means you can earn 57x more interest with a Max Checking account! Since Max Checking earns 4.00% APY on balances up to $15,000, that adds up to nearly $600 extra in your pocket each year. You’d need well over $800,000 in the average bank’s checking account to earn the same amount!
“Can 57x better get even better?”
Yes: Max Checking’s 4.00% APY interest rate is just the beginning! When you consider that the average bank checking account also charges monthly maintenance fees — and that a lot of banks earn less interest than the average — the difference becomes even clearer.
We don’t believe in sneaky fees or intimidating hurdles, which is why Max Checking has no monthly fee or minimum balance requirement. As long as you meet our simple monthly requirements, you can earn 4.00% interest on your first dollar saved, all the way up to your 15,000th!
If you want to dig even deeper into Max Checking’s perks, you can pair it with our Max Rewards VISA to earn cash back on every purchase while also counting toward your monthly 4.00% interest requirements. It’s like earning money while you’re earning money!
“Well, so what?”
Earning nearly $600 a year may not change your life, but if you’re already using your checking account every day, why not earn a little extra while you’re at it? That extra cash is perfect to use for life’s little extras, like a date night, a new gaming console, or the streaming services you’re already paying for! After all, 57x more interest than the average bank’s checking account is the difference between a fast-food burger for one and a steak dinner for the whole table.
We get it, though: switching your checking account isn’t a small task, especially when a lot of financial institutions rely on frustrating AI agents and chatbots. That’s why, if you want switch to Max Checking and start earning 57x more interest in less time, our team of helpful humans would be happy to walk you through it. Just pencil in an hour at an LMCU branch near you, then grab lunch afterward — on Max Checking, of course.
