WHY HIGH YIELD CHECKING
A checking account that works as hard as you do.
Earn 5.00%
APY*
Up to $500 a year on the first $10,000 in your account. More than 500 times the national average for basic checking.
Keep Your
Liquidity
Unlike CDs or savings accounts, your money stays fully accessible. Spend, transfer, and pay bills freely. Your high rate doesn’t go anywhere.
Rewards for
Normal Spending
The debit card purchases that qualify you are the ones you would make anyway. Gas, groceries, coffee. It all counts.
30,000
Free ATMs
LAFCU is part of the CO-OP network with nearly 30,000 surcharge-free ATMs nationwide, plus 5 free non-LAFCU transactions every month.
Full Mobile
Banking
Deposit checks, pay bills, set card controls, get account alerts, and manage everything from the LAFCU app, 24/7, no branch required.
No Monthly
Fee
No minimum balance required to avoid fees. Open with just $5 and keep your money earning, not paying service charges.
SEE FOR YOURSELF
Not all checking accounts are created equal.
| Typical Checking
national average
|
LAFCU’s High Yield Checking
with monthly qualifications
|
|---|---|
| ANNUAL PERCENTAGE YIELD
0.01%
national average
|
ANNUAL PERCENTAGE YIELD
5.00%
APY* 500x the national average
|
| EARN ON A $10,000 BALANCE
approximately
$1
per year
|
EARN ON A $10,000 BALANCE
approximately
$500
per year
|
| MONTHLY MAINTENANCE FEE
Often $5 to $15
|
MONTHLY MAINTENANCE FEE
$0
|
* Typical checking APY* based on publicly available national averages for basic checking accounts. Actual rates and fees vary by institution. LAFCU 5.00% APY* applies to balances up to $10,000 and requires meeting monthly account qualifications. See full disclosure in footer. $0 fee subject to LAFCU account terms.
HOW IT WORKS
How to earn your 5.00% APY*
Coffee, gas, groceries, the usual. Every swipe of your LAFCU debit card counts.
Set up direct deposit or move money in. One paycheck usually covers it with room to spare.
Go paperless in a couple of clicks. Less mail, same records, always a tap away.
Check your account at least once during the month. That is all it takes.
Qualify and earn 5.00% APY*
Complete all four requirements in a monthly cycle and earn the full rate on balances up to $10,000.
Miss a cycle? No problem.
No fee, no penalty. Your account simply earns LAFCU’s standard checking rate until you qualify again.
Ready to earn more?
Open your LAFCU High Yield Checking account online in minutes, or talk to a team member who can walk you through it.
MEMBERSHIP
Not a LAFCU member yet?
Joining takes minutes and opens the door to High Yield Checking and every other LAFCU benefit. Membership is open to anyone who lives, works, worships, or attends school in Michigan.
*Annual Percentage Yield. Rate accurate as of 06/03/26 and subject to change. Rate may change after account opening. To earn the advertised rate, all requirements must be met each statement cycle, including 20 debit card purchases (ATM transactions excluded), enrollment in eStatements, at least one Online or Mobile Banking login, and $500 in qualifying deposits. If requirements are not met, a lower APY applies. High APY applies to balances up to $10,000; balances above $10,000 earn a lower APY. Consumer accounts only. Fees may reduce earnings. Federally Insured by NCUA.