Last Updated: 04/18/2025
Lake of Michigan Credit Union Money Market Account
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Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
Minimum Balance to Earn APY
Minimum Opening Deposit
Lake of Michigan Credit Union Money Market Account Review
Key Takeaways
- Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 0.50%, which is much higher than the national average for a money market account. However, you must keep a minimum balance of $2500.
- No monthly maintenance fees. This account does not charge any monthly account fees.
Pros & Cons of Lake of Michigan Credit Union Money Market Account
| Pros | Cons |
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Lake of Michigan Credit Union Money Market Account FAQ
Are money market accounts from Lake Michigan Credit Union savings accounts federally insured?
What are the dividends for LMCU money market rates?
| Rates | Amount |
| APY (Annualized Percentage Yield) | 0.25% - 0.50% |
What are the fees for Lake of Michigan Credit Union Money Market Account?
| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Monthly Service Fee | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NSF Fee | $30 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum balance for LMCU money market?
What features and perks does LMCU money market offer?
- Check Writing - LMCU money market includes check writing privileges. This is convenient method to pay bills and transfer money from your account.
- Fraud monitoring - Lake Michigan Credit Union monitors transactions for potentially fraudulent activity.
What is the customer service phone number?
What is the support contact email?
How to open an account with Lake Michigan Credit Union
- Visit the Lake Michigan Credit Union website.
- Fill in the application form. You will typically need to provide general financial information, such as your name, Social Security Number and address.
- Check the information is accurate and submit your application.
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