Lake of Michigan Credit Union Money Market Account Review

Lake Michigan Credit Union is a credit union based in Grand Rapids, MI. It was founded in 1933 and offers its money market accounts in 1 state across the USA.

If you're considering a money market account and want to know whether Lake of Michigan Credit Union Money Market Account is right for you, read on.

Is Lake of Michigan Credit Union Money Market Account insured by the FDIC?

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

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.

Lake of Michigan Credit Union Money Market Account Rates and Terms

Rates	Amount
APY (Annualized Percentage Yield)	.25% - .50%

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.

Lake of Michigan Credit Union Money Market Account Fees

Fees	Amount
Monthly Fee	$0
Paper Statement Fee	N/A

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.