Lake Michigan Credit Union offers its Max Savings account. The APY for balances under $100,000 is decent but below what you’ll find at the most competitive institutions. However, if you’re looking to stash six figures in your savings account, you’ll be rewarded with a top-tier APY. LMCU even offers a tiered APY for balances over $250,000. However, note that the credit union only insures deposits up to $250,000, so big savers may want to consider spreading that money across multiple institutions.
The Max Savings account doesn’t charge a monthly fee and only requires a $100 minimum deposit to open and earn interest.