Lake Michigan Credit Union CD Rates

By: EconomyWatch Content Team   Date: 10 July 2010

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A certificate of deposit (or CD) is an investment in your life and your future. If you live in the state of Michigan and are looking for a credit union that you can trust with your money than look no further than the Lake Michigan Credit Union. This credit union is dedicated to helping its customers develop healthy saving habits not just for the present moment but for their lifetime.

There are many ways to save at the Lake Michigan Credit Union. Certificates of deposit are an excellent option and will bring you in better earnings than the member savings account. In fact the Lake Michigan Credit Union CD rates are above market and highly competitive. There is also the sub savings account, holiday club accounts (which are geared towards saving money for holiday spending) and insured money market accounts. Find out more about each one of these accounts at the website or at a local branch and then open the account that is best suited to your needs.

When you open a CD account at the Lake Michigan Credit Union (CU) your money is insured by the National Credit Union Administration (NCUA) up to the limit that it deems eligible. This is the case not just with CD accounts but with all account through the Lake Michigan CU. This means safety and security for your funds! 

At Lake Michigan CU you can lock in an excellent interest rate on a CD for a particular duration of time. They offer a selection of CD terms for you to choose from. Peruse each term carefully before making your pick. The terms range from three months to 60 months. The minimum deposit required to start a CD account is $500.

Here are the CD specials for Lake Michigan Credit Union CD rates as they stand at the moment:

•    9 Month CD- 1.000% APY
•    9 Month IRA CD- 1.000% APY
•    15 Month CD- 1.600% APY
•    15 Month IRA CD- 1.600% APY
•    30 Month CD- 1.800% APY
•    30 Month IRA CD- 1.800% APY
•    48 Month CD- 3.000% APY
•    48 Month IRA CD- 3.000% APY

(Please note that APY stands for Annual Percentage Yield.)

The website for the Lake Michigan Credit Union has much to offer every one of its potential and current customers. Besides helpful information it also offers fraud protection and financial tools such as calculators. If you wish you can sign up through Home Banking to receive eStatements and eNotices. To learn more visit the website at http://www.lmcu.org/.
 


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