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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 Deposit $500
APY 0.05% - 2.85%

Lake Michigan Credit Union CD Review

Lake Michigan Credit Union is a credit union based in Grand Rapids, MI. It was founded in 1933 and offers banking services in 2 states across the USA.

Is Lake Michigan Credit Union CD insured by the FDIC?

Lake Michigan Credit Union CD is not a member of the Federal Deposit Insurance Corporation (FDIC). This means your deposits are not covered by the FDIC if Lake Michigan Credit Union CD were to fall into financial difficulties.

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 0.05% and ranging up to 2.85% (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 0.05% - 2.85%
APY Type Fixed APY
3-Month APY 0.05% - 0.3%
6-Month APY 0.05% - 0.3%
11-Month APY 0.05% - 0.3%
12-Month APY 2.2% - 2.45%
2-Year APY 0.5% - 0.75%
3-Year APY 1.05% - 1.3%
4-Year APY 1.3% - 1.55%
5-Year APY 2.6% - 2.85%
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.

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Contact

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

Other Services by Lake Michigan Credit Union

Availability

Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
  Available in 2 states
  • Florida
  • Michigan

Feature Breakdown

Grace Period for Account Changes 10
Minimum Deposit $500
APY 0.05% - 2.85%
3-Month APY 0.05% - 0.3%
6-Month APY 0.05% - 0.3%
11-Month APY 0.05% - 0.3%
12-Month APY 2.2% - 2.45%
2-Year APY 0.5% - 0.75%
3-Year APY 1.05% - 1.3%
4-Year APY 1.3% - 1.55%
5-Year APY 2.6% - 2.85%
CD Accounts
  • IRA
  • Traditional

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