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.
Member Savings ›
Earn up to
0.25%APY*
- $5.00 to open the account
- $300.00 minimum daily balance to avoid a $5.00 monthly fee†
- Create additional sub savings accounts
- And more benefits!
Max Savings ›
Earn up to
1.00%APY*
- Earn up to 2% on balances over $250,000
- No minimum deposit
- $100,000 - $249,000: 1.00% APY (0.996% rate)
- And more benefits!
Certificates of Deposit (CDs) ›
60 Month CD VIP BONUS
2.85%APY*
- Variety of term lengths from 3 to 60 months
- Cannot lose value unless withdrawn before term end
- $500 minimum balance
- And more benefits!
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!
Money Market Accounts ›
Earn up to
0.50%APY*
- Earns investment interest at market rates
- Interest accrues daily, is paid monthly
- Up to 6 checks or electronic withdrawals per month
- And more benefits!
Kids and Teen Club ›
Earn up to
1.00%APY*
- Designed to help kids and teens develop healthy saving habits
- Kids Club open to all children 12 and under who become LMCU members
- Teen club is open to ages 13-17
- And more benefits!
Individual Retirement Accounts (IRAs) ›
Earn up to
2.60%APY*
- Traditional or Roth plans available
- Can be established under a Certificate of Deposit or Insured Money Management Account
- Contributions are usually tax deductible
- And more benefits!
Health Savings Account (HSA) ›
Earn up to
1.00%APY*
- No opening, maintenance or transaction fees
- No minimum balance requirements
- Unlimited check writing privileges
- 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!
Coverdell Education Savings Accounts (ESAs) ›
Earn up to
0.80%APY*
- No maintenance fees or minimum balance requirements
- Plan for the future costs of a child's education beyond high school
- Tax-free contributions and earnings
- And more benefits!