How much is the Lake Michigan Credit Union Max Checking bonus actually worth?
The headline number is $110 cash bonus. Counting the money you tie up and the time the requirements take, it works out to about $314/hr per hour of your own time.
Official LMCU terms say both sides can receive $110 after the new member keeps at least $500 in recurring direct deposits for 60 days.
The numbers, in full
| Payout | $110 cash bonus |
|---|---|
| What it takes | Open checking through the referral and maintain recurring direct deposits totaling at least $500 for 60 days. New members must meet LMCU eligibility rules. |
| Direct deposit needed | Yes |
| Money tied up | $500 |
| Time committed | 60 days |
| Effective APY | 134% |
| Per hour of your time | $314/hr |
| When it pays | after the 60-day qualification period |
| Offer ends | No published end date |
| Last checked | Sep 18, 2026 |
What the return actually looks like
This reads high because you barely tie up any money: $500 committed for about 60 days pays $110. Annualized, that is 134%.
Read this chart as a table
| Money committed for | Effective APY | Note |
|---|---|---|
| 30 days | 268% | |
| 45 days | 178% | |
| 60 days | 134% | The offer's own stated window |
| 90 days | 89.2% | |
| 120 days | 66.9% | |
| 180 days | 44.6% | |
| 270 days | 29.7% | |
| 365 days | 22.0% |
Open it
This link is our personal referral. It costs you nothing and often pays you more than the public page.
Related questions
What it is worth
Same question, different offer.
- How much is the Fifth Third Momentum Checking bonus actually worth?$350
- How much is the Capital One 360 Checking bonus actually worth?$250
- How much is the Chase Total Checking bonus actually worth?$400
- How much is the Webull Brokerage / IRA bonus actually worth?Up to $160 + 12 shares
- How much is the SoFi Checking & Savings bonus actually worth?$50 - $400
- How much is the PNC Virtual Wallet bonus actually worth?Up to $400
Get the changes by email
One free weekly email when offers change, die, or a better one shows up. No spam, unsubscribe anytime.