Get financial support for your organization. While strengthening the communities we serve, together.
You’re doing essential work in your community. As a credit union, we’re committed to offering financial solutions to fit your municipalities’ needs. And investing back in our Michigan communities, together.
Excess Share Insurance (ESI) is available to cover qualifying municipal accounts at Lake Trust up to $5,250,000. Municipal accounts will receive the National Credit Union Administration (NCUA) insurance on deposits up to $250,000 and can be combined with private insurance from Excess Share Insurance Corporation up to an additional $5,000,000 by ESI. Available at no cost to the member.
Opening a savings account is the first step in starting your membership with us.
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Required Business Membership Account
Minimum $5.00 to open account
Monthly $3 fee; waived by maintaining a $300 daily balance or an additional active non-savings product, such as checking, CD, loan, or credit card
Free Business Online Banking and Mobile Banking
Interest compounded monthly
View fee schedule for withdrawal limitations
Open a basic checking account to help with the essential things that your municipality does every day.
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Monthly $7.00 fee; waived when minimum balance is met
Minimum balance $300; or combined deposit accounts of $3,0002
Business debit card available
Free Business Online Banking and Mobile Banking
Treasury services available
View fee schedule for per item fee
Tiered interest rate based on balance
Interest compounded monthlyReach your next municipal milestones faster in an account that rewards you with a premium rate. And take your municipal savings to the next level.
Tiered interest rate based on balance
Interest compounded monthlyNo minimum withdrawal amount
Save more with this limited-time account. Choose the amount and term that works best for your needs. When it matures, you’ll have even more to invest back into the community you serve. See Business Account Rates to view available terms and current rates.
UP TO 4.25% APY1
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Term: 3 - 35 months
View Business Account Rates for terms and rates.
No monthly service fee
Early closing penalty
90 days interest penalty
Deposits allowed at maturity and during 10-day grace period
Automatic renewal
FINANCIAL WELLBEING LIBRARY
Your financial wellbeing means more than your balance sheet. It’s about how you’re feeling about your finances. And we’re here to help support you wherever you are on your journey.
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Continue reading1APY = Annual Percentage Yield. Rates as of March 18, 2025 and are subject to change.
2The qualifying Deposit Accounts include all Savings, Checking, Certificates of Deposit, and Money Markets.
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