Savings Accounts

More ways to earn more.

Save for a rainy day. Or a vacation, or car, or house. No matter what you are saving for, we help members earn more and pay less. That’s why we offer a wide variety of savings options, including CDs, HSAs and IRAs. Because we don’t have shareholders like traditional banks, our savings accounts typically earn more than similar accounts at traditional banks. It’s another good reason why Lake Michigan Credit Union is the best place for your money. You worked hard for your money. Now it’s time to sit back and let it work for you.

Holiday Club ›

Earn up to
0.25%APY*
  • Save for the holidays, vacations, birthdays, weddings
  • Make deposits of any amount, all year long
  • Account balance (plus interest) deposited into your checking or savings account every September 30
  • And more benefits!

HSA Investment ›

HSA Investment
  • As a tax-advantaged account, your contributions and gains are not taxable income
  • You select the investment products that fit you best
  • Choose from 20 mutual funds covering a variety of asset classes and recognized fund families
  • And more benefits!

Rates Comparison

Account Dividend Rate (Interest) APY*
Christmas Club
0.25%
0.25%
Coverdell ESA Money Market
0.80%
0.80%
Health Savings Account - $0 - $4,999.99
0.50%
0.50%
Health Savings Account - $5,000+
1.00%
1.00%
IRA Money Market Savings
0.80%
0.80%
Kids Club Savings - $1 - $1,000
1.00%
1.00%
Kids Club Savings - $1,001 +
0.25%
0.25%
Teen Club Savings - $1 - $1,000
1.00%
1.00%
Teen Club Savings - $1,001 +
0.25%
0.25%
Money Market - $2,500 - $9,999
0.25%
0.25%
Money Market - $10,000 - $24,999
0.30%
0.30%
Money Market - $25,000 - $49,999
0.35%
0.35%
Money Market - $50,000 - $99,999
0.40%
0.40%
Money Market - $100,000 - $249,999
0.50%
0.50%
Money Market - $250,000+
0.50%
0.50%
Roth IRA Shares
0.80%
0.80%
Savings
0.25%
0.25%
SEP IRA
0.80%
0.80%

Rates as of 12/16/18. *APY = Annual Percentage Yield. Fees may reduce earnings. Rates are subject to change. $5 minimum to open a membership.


†Waived for members with additional account relationships and those who are 23 and younger.

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