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Lake Trust Credit Union


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/23/2025
4.54%
Our Rating
4.2  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/23/2025
4.20%
Our Rating
3.6  / 5
Jenius Bank
Jenius Savings Account
See Offer
Sponsored Note: FDIC Insured. No fees or minimums. 24/7 U.S-based support.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/23/2025
3.80%
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms Apply. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/23/2025
4.41%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/23/2025
4.10%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Get up to a $300 Cash Bonus. FDIC Insured. See site for details.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/23/2025
4.45%
Our Rating
4.1  / 5
BrioDirect
High-Yield Savings
See Offer
Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/23/2025
3.70%
Our Rating
4.3  / 5
American Express®
High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
Bonus Amount
up to $300
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Overview / Commentary
www.laketrust.org
888-267-7200
4605 S Old Us Highway 23
Brighton, MI 48114

Lake Trust Credit Union is headquartered in Brighton and is the 8th largest credit union in the state of Michigan. It is also the 173rd largest credit union in the nation. It was established in 1944 and as of December of 2024, it had grown to 480 employees and 180,188 members at 23 locations. Lake Trust Credit Union's money market rates are 8X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership in Lake Trust Credit Union is open to anyone who lives, works, worships, or attends school in Michigan.
See current membership details

Reviews (1)

DO NOT Trust Lake Trust

Posted by: |

I wish I could give them negative stars. I had a savings account with Lake Trust. I was saving the money and not touching it. I got a letter yesterday letting me know they escheated the funds to the state of Michigan. I called and they said that because I haven't touched the funds in 3 years, they "BY LAW' have to send them to the state of Michigan and now I have to go to the states unclaimed property and claim it before they liquidate the funds. THEY LIED AND ITS NOT MANDATORY. If you plan to save any money and tuck it away DO NOT USE LAKE TRUST....

1


Health
B+

Data as of Q4 2024

Learn why bank health matters

Health Grade Components

Overall
NCUA #62047
Year Chartered1944
Employees480
Primary Regulator
Profit Margin
Return on Assets - YTD0.43%
Return on Equity - YTD4.74%
Annual Interest Income$115.7MM
Assets and Liabilities
AssetsQ4 2024vs Q4 2023$2.64B$2.6B
LoansQ4 2024vs Q4 2023$1.99B$1.92B
DepositsQ4 2024vs Q4 2023$2.29B$2.28B
Equity CapitalQ4 2024vs Q4 2023$237.6MM$219.8MM
Loan Loss AllowanceQ4 2024vs Q4 2023$21.7MM$21.7MM
Unbacked Noncurrent LoansQ4 2024vs Q4 2023$20.2MM$17.7MM
Real Estate OwnedQ4 2024vs Q4 2023$17K$42K
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/23/2025
4.54%
Our Rating
4.2  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/23/2025
4.20%
Our Rating
3.6  / 5
Jenius Bank
Jenius Savings Account
See Offer
Sponsored Note: FDIC Insured. No fees or minimums. 24/7 U.S-based support.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/23/2025
3.80%
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms Apply. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/23/2025
4.41%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/23/2025
4.10%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Get up to a $300 Cash Bonus. FDIC Insured. See site for details.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/23/2025
4.45%
Our Rating
4.1  / 5
BrioDirect
High-Yield Savings
See Offer
Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/23/2025
3.70%
Our Rating
4.3  / 5
American Express®
High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
Bonus Amount
up to $300
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Lake Trust Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%*$0$5kAspire Savings
OTHER TIERS: 0.05% → $5k+
0.05%$0-Membership Savings
0.05%$0-Holiday Savings
0.05%$0-Business Savings
0.05%$0-Special Savings
0.05%$0-Youth Membership Savings

Lake Trust Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.51%*$5m*-Business Money Market Premium
OTHER TIERS: 0.01% → $0 - $100k | 1.50% → $100k - $250k | 1.75% → $250k - $500k | 2.25% → $500k - $750k | 2.75% → $750k - $1m | 3.00% → $1m - $2.5m | 3.25% → $2.5m - $5m
3.51%*$5m*-Municipal / Government Money Market Premium
OTHER TIERS: 0.01% → $0 - $100k | 1.50% → $100k - $250k | 1.75% → $250k - $500k | 2.25% → $500k - $750k | 2.75% → $750k - $1m | 3.00% → $1m - $2.5m | 3.25% → $2.5m - $5m
3.40%*$1m*-Money Market Premium
OTHER TIERS: 0.01% → $0 - $25k | 0.90% → $25k - $50k | 1.30% → $50k - $100k | 1.55% → $100k - $250k | 2.15% → $250k - $500k | 2.65% → $500k - $750k | 3.14% → $750k - $1m
1.65%*$150k*-Money Market Savings Plus
OTHER TIERS: 0.05% → $0 - $50k | 1.30% → $50k - $100k | 1.55% → $100k - $150k
1.21%*$100k*-Municipal / Government Money Market Savings
OTHER TIERS: 0.05% → $0 - $2k | 0.95% → $2k - $10k | 1.16% → $10k - $100k
0.95%*$75k*-Money Market Savings
OTHER TIERS: 0.05% → $0 - $4k | 0.75% → $4k - $10k | 0.90% → $10k - $75k
0.95%*$100k*-Business Money Market Savings
OTHER TIERS: 0.05% → $0 - $2k | 0.70% → $2k - $10k | 0.90% → $10k - $100k
0.10%$1k-Money Market Checking

Lake Trust Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$5k-Business Interest Checking

Lake Trust Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.15%$500-5 Month CD Plus
4.15%$500-Business 5 Month CD Plus
4.00%*$12k*-Municipal/Government 12 Month CD
OTHER TIERS: 3.40% → $500 - $12k
4.00%$500-11 Month CD Plus
4.00%$500-Business 11 Month CD Plus
3.78%*$10k*-6 - 11 Month CD
OTHER TIERS: 2.94% → $500 - $4k | 3.14% → $4k - $10k
3.78%*$30k*-Business 6 - 11 Month CD
OTHER TIERS: 2.94% → $500 - $12k | 3.14% → $12k - $30k
3.75%*$10k*-12 - 23 Month CD
OTHER TIERS: 3.40% → $500 - $4k | 3.66% → $4k - $10k
3.75%*$12k*-Business 12 - 23 Month CD
OTHER TIERS: 3.40% → $500 - $12k
3.56%*$100k*-60 - 72 Month CD
OTHER TIERS: 3.35% → $500 - $10k | 3.51% → $10k - $100k
3.56%*$30k*-Business 60 - 72 Month CD
OTHER TIERS: 3.35% → $500 - $12k | 3.51% → $12k - $30k
3.51%*$100k*-48 - 59 Month CD
OTHER TIERS: 3.09% → $500 - $10k | 3.25% → $10k - $100k
3.51%*$30k*-Business 48 - 59 Month CD
OTHER TIERS: 3.09% → $500 - $12k | 3.25% → $12k - $30k
3.30%*$10k*-3 - 5 Month CD
OTHER TIERS: 2.38% → $500 - $4k | 2.63% → $4k - $10k
3.30%*$10k*-36 - 47 Month CD
OTHER TIERS: 3.14% → $500 - $10k
3.30%*$12k*-Business 3 - 5 Month CD
OTHER TIERS: 2.38% → $500 - $12k
3.30%*$12k*-Business 36 - 47 Month CD
OTHER TIERS: 3.14% → $500 - $12k
3.29%*$10k*-24 - 35 Month CD
OTHER TIERS: 3.04% → $500 - $10k
3.29%*$12k*-Business 24 - 35 Month CD
OTHER TIERS: 3.04% → $500 - $12k
2.95%$50$10k2 Year Aspire CD
2.89%$25-Save to Win CD

Lake Trust Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.15%$500-5 Month IRA CD Plus
4.00%$500-11 Month IRA CD Plus
3.78%*$10k*-6 - 11 Month IRA
OTHER TIERS: 2.94% → $500 - $4k | 3.14% → $4k - $10k
3.75%*$10k*-12 - 23 Month IRA
OTHER TIERS: 3.40% → $500 - $4k | 3.66% → $4k - $10k
3.56%*$100k*-60 - 72 Month IRA
OTHER TIERS: 3.35% → $500 - $10k | 3.51% → $10k - $100k
3.51%*$100k*-48 - 59 Month IRA
OTHER TIERS: 3.09% → $500 - $10k | 3.25% → $10k - $100k
3.30%*$10k*-3 - 5 Month IRA
OTHER TIERS: 2.38% → $500 - $4k | 2.63% → $4k - $10k
3.30%*$10k*-36 - 47 Month IRA
OTHER TIERS: 3.14% → $500 - $10k
3.29%*$10k*-24 - 35 Month IRA
OTHER TIERS: 3.04% → $500 - $10k
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