You are viewing fixed rate ira rates across Michigan

Michigan Credit Union IRA CD Rates 2019

If you have your savings dollars in a big bank or a bank with low savings rates, then you are losing money. We've found FDIC insured banks that will pay you more. Take a few minutes to explore the options below and see how you can boost your savings by more than 6X the national average rate. There is competition for your money. Take advantage of it!

MI - October 20, 2019

Advertiser Disclosure
Credit UnionS APY Months MIN Miles?
3.03% 30 $5,000 -
Wildfire
Restrictions
3.00% 62 $500 -
People Driven
Restrictions
2.80% 28 $500 -
Frankenmuth
Restrictions
2.75% 37 $250,000 -
Wings Financial
Restrictions
2.63% 60 $90,000 -
2.60% 24 $500 -
Credit Union One
Restrictions
2.58% 10 $100,000 -
Wings Financial
Restrictions
2.58% 60 $10,000 -
Saginaw Medical
Restrictions
2.55% 28 $500 -
2.53% - $500 -
Credit Union One
Restrictions
2.53% 10 $200 -
Wings Financial
Restrictions
2.53% 60 $500 -
Service 1
Restrictions
2.50% 11 $500 -
Frankenmuth
Restrictions
2.50% 25 $250,000 -
Elga
Restrictions
2.50% 10 $500,000 -
2.50% 13 $200 -
Elga
Restrictions
2.45% 10 $250,000 -
Credit Union One
Restrictions
2.43% 10 $25,000 -
Melrose
Restrictions
2.42% - $5,000 -
Adventure
Restrictions
2.40% 12 $500 -
Wings Financial
Restrictions
2.38% 48 $90,000 -
2.35% 18 $500 -
Frankenmuth
Restrictions
2.35% 37 $150,000 -
Elga
Restrictions
2.35% 10 $100,000 -
Credit Union One
Restrictions
2.32% 10 $200 -
Wings Financial
Restrictions
2.32% 48 $10,000 -
Members First
Restrictions
2.31% 27 $1,000 -
Dort
Restrictions
2.30% - $1,000 -
2.30% - $500 -
Frankenmuth
Restrictions
2.30% 25 $150,000 -
2.30% 23 $500 -
Wings Financial
Restrictions
2.27% 48 $500 -
2.27% 18 $5,000 -
Parda
Restrictions
2.27% 60 $500 -
Selfreliance
Restrictions
2.25% 11 $500 -
Advia
Restrictions
2.25% 25 $500 -
Frankenmuth
Restrictions
2.25% 37 $100,000 -
Community Choice
Restrictions
2.25% 15 $500 -
Teachers
Restrictions
2.23% 21 $1,000 -
Members First
Restrictions
2.21% 15 $1,000 -
Omni Community
Restrictions
2.20% 50 $1,000 -
Frankenmuth
Restrictions
2.20% 25 $500 -
Arbor Financial
Restrictions
2.17% 9 $250,000 -
Members First
Restrictions
2.16% - $1,000 -
Advia
Restrictions
2.15% 10 $500 -
2.15% 13 $50,000 -
Elga
Restrictions
2.15% 10 $30,000 -
Aac
Restrictions
2.15% 60 $500 -
2.15% - $1,000 -
Oakland County
Restrictions
2.12% 18 $250,000 -
United
Restrictions
2.10% 48 $500 -
Frankenmuth
Restrictions
2.10% 7 $500 -
Elga
Restrictions
2.10% 10 $1,000 -
Aac
Restrictions
2.10% 25 $500 -
Kellogg Community
Restrictions
2.10% - $500 -
Aac
Restrictions
2.08% 13 $500 -
Oakland County
Restrictions
2.07% 18 $100,000 -
Elga
Restrictions
2.05% - $1,000 -
Case
Restrictions
2.05% - $500 -
Financial Plus
Restrictions
2.05% - $500 -
Port City
Restrictions
2.02% - $500 -
Arbor Financial
Restrictions
2.02% 9 $125,000 -
Filer
Restrictions
2.02% - $1,000 -
2.02% - $500 -
2.02% 12 $25,000 -
American 1
Restrictions
2.02% - $50 -
Oakland County
Restrictions
2.01% 18 $500 -
Members First
Restrictions
2.01% 11 $1,000 -
Muskegon Co Op
Restrictions
2.00% - $500 -
Wildfire
Restrictions
2.00% 14 $500 -
Omni Community
Restrictions
2.00% 38 $1,000 -
2.00% - $2,000 -
2.00% 7 $100,000 -
2.00% - $500 -
Community Choice
Restrictions
2.00% 30 $500 -
Covantage
Restrictions
2.00% 15 $5,000 -
2.00% 29 $500 -
Wings Financial
Restrictions
1.97% 36 $90,000 -
Lake Michigan
Restrictions
1.95% - $500 -
Saginaw Medical
Restrictions
1.92% - $500 -
Arbor Financial
Restrictions
1.92% 9 $250,000 -
1.92% - $500 -
Wings Financial
Restrictions
1.92% 36 $10,000 -
1.91% - $1,000 -
United
Restrictions
1.90% 13 $500 -
Tlc Community
Restrictions
1.90% - $1,000 -
People Driven
Restrictions
1.90% 19 $500 -
Genisys
Restrictions
1.90% - $500 -
Family Financial
Restrictions
1.87% - $500 -
Arbor Financial
Restrictions
1.87% 9 $70,000 -
Wings Financial
Restrictions
1.86% 36 $500 -
1.80% - $500 -
1.80% - $50 -
Omni Community
Restrictions
1.80% 26 $1,000 -
Astera
Restrictions
1.80% - $500 -
1.80% 13 $1,000 -
Frankenmuth
Restrictions
1.80% 7 $150,000 -
Team One
Restrictions
1.80% - $500 -
Lake Michigan
Restrictions
1.80% 6 $500 -
Honor
Restrictions
1.80% 6 $50 -
Intouch
Restrictions
1.80% - $1,000 -
Lafcu
Restrictions
1.80% - $500 -
1.80% - $500 -
1.77% - $500 -
Selfreliance
Restrictions
1.76% - $500 -
Arbor Financial
Restrictions
1.76% 15 $125,000 -
1.76% - $500 -
Wings Financial
Restrictions
1.76% - $500 -
Service 1
Restrictions
1.75% - $500 -
Peninsula
Restrictions
1.75% - $1,000 -
Gerber
Restrictions
1.75% - $1,000 -
Unify Financial
Restrictions
1.75% - $1,000 -
Journey
Restrictions
1.75% - $500 -
Wildfire
Restrictions
1.75% - $2,000 -
Adventure
Restrictions
1.75% - $500 -
Family First
Restrictions
1.75% - $1,000 -
1.75% - $1,000 -
Covantage
Restrictions
1.75% - $1,000 -
Lake Huron
Restrictions
1.71% - $500 -
Arbor Financial
Restrictions
1.71% 9 $30,000 -
Directions
Restrictions
1.70% - $500 -
1.70% 7 $1,000 -
Frankenmuth
Restrictions
1.70% 7 $100,000 -
1.66% - $500 -
Wanigas
Restrictions
1.66% - $500 -
Omni Community
Restrictions
1.65% 18 $1,000 -
Harborlight
Restrictions
1.65% - $500 -
Arbor Financial
Restrictions
1.61% 15 $70,000 -
Safe Harbor
Restrictions
1.61% - $500 -
Frankenmuth
Restrictions
1.60% 7 $500 -
1.60% - $500 -
Arbor Financial
Restrictions
1.56% 15 $500 -
Cp
Restrictions
1.51% - $500 -
First General
Restrictions
1.51% - $500 -
Oakland County
Restrictions
1.51% - $500 -
Our
Restrictions
1.51% - $500 -
1.51% - $1,000 -
Arbor Financial
Restrictions
1.46% 15 $30,000 -
Arbor Financial
Restrictions
1.41% 15 $500 -
United Financial
Restrictions
1.40% - $500 -
Frankenmuth
Restrictions
1.40% - $500 -
1.33% - $500 -
Forest Area
Restrictions
1.31% - $500 -
4front
Restrictions
1.31% - $1,000 -
Arbor Financial
Restrictions
1.31% 9 $500 -
Best Financial
Restrictions
1.30% - $500 -
Muskegon
Restrictions
1.26% - $500 -
Calcite
Restrictions
1.26% - $1,000 -
Community West
Restrictions
1.25% - $500 -
1.21% - $1,000 -
Lake Trust
Restrictions
1.19% - $500 -
Arbor Financial
Restrictions
1.16% 15 $500 -
Baraga County
Restrictions
1.16% - $1,000 -
Michigan First
Restrictions
1.11% - $1,000 -
1.10% - $500 -
Tba
Restrictions
1.10% - $500 -
Preferred
Restrictions
1.06% - $500 -
Parda
Restrictions
1.00% - $500 -
1.00% - $10 -
1.00% - $1,000 -
St. Francis X
Restrictions
1.00% - $500 -
Advantage One
Restrictions
1.00% - $1,000 -
Alliance Catholic
Restrictions
1.00% - $500 -
Blueox
Restrictions
1.00% - $500 -
South Central
Restrictions
1.00% - $1 -
Wexford Community
Restrictions
1.00% - $500 -
0.92% - $500 -
0.91% - $200 -
0.90% - $2,000 -
Advia
Restrictions
0.90% - $500 -
0.90% - $500 -
Soo Co-op
Restrictions
0.90% - $500 -
Kalsee
Restrictions
0.85% - $500 -
0.85% - $500 -
Teachers
Restrictions
0.84% - $1,000 -
Omni Community
Restrictions
0.80% - $1,000 -
Credit Union One
Restrictions
0.80% - $2,500 -
0.80% - $500 -
People Driven
Restrictions
0.75% - $500 -
0.75% - $500 -
Aac
Restrictions
0.75% - $500 -
Zeal
Restrictions
0.70% - $500 -
Parda
Restrictions
0.65% 6 $500 -
Trunorth
Restrictions
0.65% - $500 -
Tahquamenon Area
Restrictions
0.65% - $100 -
Northland Area
Restrictions
0.60% - $500 -
Community Focus
Restrictions
0.60% - $5 -
Copoco Community
Restrictions
0.60% - $1,000 -
0.60% - $1,000 -
Public Service
Restrictions
0.55% - $500 -
Meijer
Restrictions
0.55% - $500 -
Honor
Restrictions
0.55% - $50 -
United
Restrictions
0.50% - $500 -
Loc
Restrictions
0.50% - $500 -
Dfcu Financial
Restrictions
0.50% - $1,000 -
Community Choice
Restrictions
0.50% - $100 -
0.45% 22 $500 -
0.41% - $500 -
My Personal
Restrictions
0.40% - $500 -
Kent County
Restrictions
0.40% - $500 -
0.35% - $500 -
0.35% 18 $500 -
Tri-county
Restrictions
0.35% - $500 -
0.30% - $500 -
Consumers
Restrictions
0.30% - $1,000 -
0.25% 9 $500 -
Tri-cities
Restrictions
0.25% - $1,000 -
Arbor Financial
Restrictions
0.15% - $500 -
0.15% - $500 -
0.10% - $500 -
All rates listed are Annual Percentage Yield (APY). The APY rate in a savings account or money market account is a variable rate that is subject to change at any point. The Min listed is the minimum deposit account balance required to obtain the rate listed.


BestCashCow strives to maintain the most accurate rates. If you believe a rate is not accurate, please let us know.

PRODUCT INFORMATION


Fixed Rate IRA CDs

Fixed Rate IRA CDs are CDs that are held within an Individual Retirement Account (IRA) or a Roth Retirement Account. In an IRA, the funds are deposited pre-tax and allowed to accumulate tax free. When the individual retires, they are withdrawn and all earnings are taxed at the prevailing tax rate. Because individuals generally have lower incomes upon retirement, the tax rate is lower than what it would have been during their working years.

With a Roth IRA, post-tax funds are deposited into the account and the money is allowed to accumulate and be withdrawn tax free.

If the funds are withdrawn before retirement age 59 1/2, the individual will be required to pay a 10% penalty on top of any taxes owed. There are some exceptions to this rule. Fund can be withdrawn penalty free if they are used to pay for education at an IRA qualifying institution or in the purchase of a house.

Advantages to a FIRA

  • Money grows in a tax-advantaged way.
  • Funds are FDIC insured, just like a regular CD.
  • Interest rates on FIRAs are often higher than the same terms for a CD.
  • Some flexibility in withdrawing the money early for first time homebuyers and education expenses.

Disadvantages to a FIRA

  • Returns may not be as high as stocks, bonds, mutual funds.
  • Funds cannot be withdrawn until 59 1/2 without penalty (except for IRS approved expenses).
  • If interest rates rise during the term of the FIRA, money will be stuck in lower yielding account.

Please click here for more information on fixed rate IRA CDs.

SAVINGS & CD CALCULATOR

Find out how much extra money you can earn by moving your bank money into an account that pays more.

Use or Change these Amounts And Rates