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2014 high-yield checking: Lake Michigan Credit Union

Checking » High-Yield Checking » Credit Unions » 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 2014 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

Nationally offered?APYAPY if conditions not metMonthly debit transactions requiredBill pay or automatic withdrawal required?Direct deposit required?Balance cap
Nationally offered? YAPY: 3%APY if conditions not met: 0%Monthly debit transactions required: 10Bill pay or automatic withdrawal required? NDirect deposit required? YBalance cap: $15,000

Notes:

  • Max Checking: Available nationally ($5 donation to charity required if out of credit union area).
  • Four online banking log ins per month and e-statements required.
  • ATM fees refunded up to $15 per month.
  • Zero percent yield for balance above $15,000.

*See notes section for more details.

Bankrate.com canvassed banks, thrifts and credit unions March 10-13 and reports data on 56 high-yield checking accounts offered by 54 institutions.

 

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