Learn about Lake Michigan Credit Union Free Rewards Checking account here.
Available nationwide, Lake Michigan Credit Union is offering a staggering 3.00% APY with a maximum balance of $15,000 on a qualifying checking account.
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About Lake Michigan Credit Union Free Rewards Checking
Lake Michigan Credit Union is a Michigan-based, member-owned credit union that consistently ranks well among credit unions for dividends paid back to members. It offers depository and lending products on both its personal and business banking sides.
| Eligibility: LMCU is open to anyone through contributing $5 to the ALS Foundation. Membership is also open to the following: (1) those who reside, worship, or work in the Lower Peninsula in Michigan, (2) residents or worshipers in Charlotte, Collier, Desoto, Glades, Hardee, Hendry, Highlands, Hillsborough, Lee, Manatee, Monroe, Palm Beach, Polk, or Sarasota counties in Florida, or (4) family members of current credit union members See current membership details |
Continue on to learn more about the Lake Michigan Credit Union Rewards Checking Account below.
Note: Interested in Bank Bonuses? See our favorite banks including HSBC Bank, Chase Bank, Huntington Bank, Discover Bank, TD Bank, BBVA Bank or CIT Bank.
Lake Michigan Rewards Checking Rate
Residents nationwide can earn the industry-leading rate on balances up to $15,000. With no minimum deposit, you will be able to enjoy the rate to its full potential!
- What you’ll get: 3.00% APY up to $15,000
- Eligible Accounts: Max Checking Account
- Credit Inquiry: Hard Pull via Experian
- Where it’s available: Nationwide
- Opening Deposit: No minimum
- Credit Card Funding: Uknown
- Monthly fee: None
(NCUA Insured)
American Express Personal Savings Account - You earn 0.60% interest rate along with no minimum deposits or monthly fees. Amex Personal Savings has been my favorite Hub account for the past 5 years. Using this account to Pull/Push your money is absolutely necessary when you have many accounts. Here's why: *No dollar limitations for ACH transfers - When you find a top bank rate account, you don't want to be limited to just $5K or $10K transfers. Amex Savings will let you transfers as much as you want whether you are pulling or pushing money from and to an external bank account. *1 to 2 business days ACH transfers speed - With top-notch user interface, you get your money to another external account or pull money from another bank account within a day or two. *No loss of interest during transfers - On the day you initiate your transaction on the Personal Savings website, the funds will be reflected in your Current Balance and begin earning interest. Some other features from American Express Personal Savings include Free Wire Transfers, 3 maximum linked accounts, and maximum 6 ACH withdrawals per month. |
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Savings account offers are frequently updated. Find the best nationwide Savings/Money Market rates here, and the best Savings account bonuses here. The Axos Bank and CIT Bank accounts offer great rates available nationwide which I recommend. |
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| PROMOTIONAL LINK | OFFER | REVIEW |
| Chase SavingsSM | $150 Cash | Review |
| Axos Bank High Yield Savings | 0.81% APY | Review |
| Simple | 0.80% APY | Review |
| Axos Bank High Yield Money Market | 0.70% APY | Review |
| American Express High Yield Savings | 0.60% APY | Review |
| CIT Bank Money Market | 0.60% APY | Review |
| Discover Bank Online Savings | 0.60% APY | Review |
| CIT Bank Savings Builder | 0.55% APY | Review |
How To Earn Up to 3.00% APY Rate
- Direct deposit into your Max Checking account
- Minimum of 10 posted debit card or credit card purchases per month
- Minimum of 4 logins to home banking per month
- Sign up to receive eStatements/eNotices
| Balance Requirement | APY Rate |
| $0.01-$15,000 | 3.00% APY |
Account Features
- 3.00% APY on balances of up to $15,000
- No minimum balance required
- Totally free – no monthly fees
- Free LMCU ATM usage
- Up to $10/month reimbursement for non-LMCU ATM use
- Free online banking
- Free Bill Pay, with direct deposit commitment
Bottom Line
All in all, the current tiered rates from Lake Michigan Credit Union is fantastic if you are able to meet the requirements. Although the maximum balance deposit is $15,000, the high rates are worth taking a second look at. However, do note that the account will trigger a hard pull!
Lastly, let us know about your experience with this bank and comment below.
For more bank offers, see the complete list of Best Rewards Checking!
Check back often to see the latest info on Lake Michigan Credit Union’s Free Rewards Checking Account.
| PROMOTIONAL LINK | OFFER | REVIEW |
| HSBC Premier Checking Member FDIC | $450 Cash | Review |
| HSBC Premier Checking Member FDIC | Up To $600 | Review |
| HSBC Advance Checking Member FDIC | $200 Cash | Review |
| HSBC Advance Checking Member FDIC | Up To $240 | Review |
| Chase Total Checking® | $200 Cash | Review |
| Chase SavingsSM | $150 Cash | Review |
| Chase Private Client | $2,000 Cash | Review |
| Huntington 25 Checking | $500 Cash | Review |
| Huntington 5 Checking | $200 Cash | Review |
| Huntington Asterisk-Free Checking | $150 Cash | Review |
| TD Bank Beyond Checking | $300 Cash | Review |
| TD Bank Convenience CheckingSM | $150 Cash | Review |
| Huntington Bank Unlimited Plus Business Checking | $750 Cash | Review |
| Huntington Bank Unlimited Business Checking | $400 Cash | Review |
| Huntington Bank Business Checking 100 | $200 Cash | Review |
| Aspiration Spend & Save Account | $100 Cash | Review |
| Simple | Up to 0.80% APY | Review |
| American Express High Yield Savings | 0.60% APY | Review |
| CIT Bank Money Market | 0.60% APY | Review |
| Ally Invest | Up to $3,500 Cash | Review |
| E*TRADE | $0 Commissions | Review |
Lake Michigan Credit Union is terrific. Your requirements are so simple to get your 3%. (10) debits, estatements, login in a few times a month. You can do a bank to bank transfer to Lake Michigan CU to get the Direct Deposit requirement monthly. I highly recommend this bank. I have had the account a few years and never had an issue.
I would suggest staying away from this “credit union”, which is just another major bank posing as a credit union—When I joined to open a savings account they did not specifically disclose that they would do a hard pull. The language was vague and deceiving. Although I did not deposit any of my hard-earned money (because of the deception), I now have a negative hit on my credit report. I refuse to put my money in a dishonest institution. Buyer beware!