Explore Bankrate's 2015 High-Yield Checking Survey: Lake Michigan Credit Union
Lake Michigan Credit Union in Grand Rapids, Michigan, offers a solid 3 percent annual percentage yield on its Max Checking, but provides zero percent if balance qualifications are not met. Bankrate's 2015 High-Yield Checking Survey breaks down the returns you can get with each account and the hoops you'll have to jump through to get them.
Lake Michigan Credit Union
Location: Grand Rapids, MI
|Default APY %||0|
|Monthly debit transactions required||10|
|Bill pay or automatic withdrawal required?||N|
|Direct deposit required?||Y|
|APY % above cap||0|
Max Checking: Available nationally ($5 donation to charity required if out of credit union area). 4 online banking logins per month and e-statements required. ATM fees refunded up to $15 per month. 0% yield for balance above $15,000.
*See notes section for more details.
Bankrate.com canvassed banks, thrifts and credit unions from March 16 to March 25 and has displayed data on 56 high-yield checking accounts.