Lake of Michigan Credit Union Money Market Account Review

Lake of Michigan Credit Union Money Market Account is offered by Lake Michigan Credit Union, a credit union founded in 1933 and based in Grand Rapids, MI. Lake of Michigan Credit Union Money Market Account is available in 1 state across the USA.

Are money market accounts from Lake Michigan Credit Union federally insured?

Yes, your Lake Michigan Credit Union money market 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 are the Lake of Michigan Credit Union Money Market Account rates?

Lake of Michigan Credit Union Money Market Account offers an APY starting at .25% and ranging up to .50% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $2500.

What are the Lake of Michigan Credit Union Money Market Account fees?

Lake of Michigan Credit Union Money Market Account does not charge a monthly maintenance fee.

What is the minimum balance for Lake of Michigan Credit Union Money Market Account?

No minimum initial deposit. Lake Michigan Credit Union does not require a minimum initial deposit to open an account.

Interest rate minimum balance of $2,500. You must keep the account balance above $2,500 to earn interest.

What features and perks does Lake of Michigan Credit Union Money Market Account offer?

This account does not seem to offer any of the features and perks we track.

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.