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  Lake Michigan Credit Union CD

Lake Michigan Credit Union CD

in CD Accounts from Lake Michigan Credit Union

Unaffiliated

Lake Michigan Credit Union CD

Unaffiliated

in CD Accounts from Lake Michigan Credit Union

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Highlights
Highlights
Minimum Initial Deposit $500
Deposit Term
  • 3 months
  • 6 months
  • 9 months
  • 11 months
  • 12 months
  • 13 months
  • 15 months
  • 18 months
  • 2 years
  • 25 months
  • 30 months
  • 3 years
  • 4 years
  • 5 years
APY (Annual Percentage Yield) 0.5% - 1.65%

Lake Michigan Credit Union CD Review

Lake Michigan Credit Union CD is offered by Lake Michigan Credit Union, a credit union founded in 1933 and based in Grand Rapids, MI. Lake Michigan Credit Union CD is available in 2 states across the USA.

Lake Michigan Credit Union CD FAQ

Are cd accounts from Lake Michigan Credit Union federally insured?

Yes, your Lake Michigan Credit Union cd accounts are insured up to $250,000 per person by the National Credit Union Share Insurance Fund (NCUSIF). Individual Retirement Accounts (IRA) are insured separately up to $250,000. The National Credit Union Administration (NCUA), a federal agency, administers the insurance fund and regulates federally insured credit unions. The fund is backed by the full faith and credit of the U.S. Government.

What types of CDs does Lake Michigan Credit Union offer?

  • IRA
  • Traditional

What APY does Lake Michigan Credit Union offer on its CDs?

Lake Michigan Credit Union CD offers an APY starting at 0.5% and ranging up to 1.65% (APY stands for annual percentage yield, rates may change).

What types of terms does Lake Michigan Credit Union CD offer?

Lake Michigan Credit Union offers CD terms of the following lengths:
Lake Michigan Credit Union CD Rates & Terms
Description
APY (Annual Percentage Yield) 0.5% - 1.65%
APY Type Fixed APY
3-Month APY 0.50% - 0.75%
6-Month APY 0.75% - 1%
11-Month APY 0.5% - 0.75%
12-Month APY 1% - 1.25%
2-Year APY 0.75% - 1%
3-Year APY 1% - 1.25%
4-Year APY 1.15% - 1.4%
5-Year APY 1.4% - 1.65%
7-Year APY N/A

What is the minimum deposit to open a CD account with Lake Michigan Credit Union?

Lake Michigan Credit Union CD requires a minimum initial deposit of $500 to open an account.

What types of early withdrawal penalties does Lake Michigan Credit Union CD charge?

Financial institutions don't typically charge many fees on certificate of deposit accounts. However, some do charge a fee if you chooose to withdrawal your money before the CD term ends.

Lake Michigan Credit Union does not charge an early withdrawal fee.

Lake Michigan Credit Union CD Fees
Description
Annual Fee N/A
Transfer Fee N/A
Rollover Fee N/A
Early Withdrawal Fee Amount N/A
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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

  • Headquarters
  •   PO Box 2848
    Grand Rapids, MI 49501
  •   Visit Site

Other Services by Lake Michigan Credit Union

Availability

  Available in 2 states
  • Florida
  • Michigan

Feature Breakdown

Minimum Initial Deposit $500
Grace Period for Account Changes 10 days
11-Month APY 0.5% - 0.75%
2-Year APY 0.75% - 1%
3-Month APY 0.50% - 0.75%
3-Year APY 1% - 1.25%
4-Year APY 1.15% - 1.4%
5-Year APY 1.4% - 1.65%
6-Month APY 0.75% - 1%
12-Month APY 1% - 1.25%
APY (Annual Percentage Yield) 0.5% - 1.65%
CD Accounts
  • IRA
  • Traditional

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