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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 - April 21, 2019

Credit UnionS APY Months MIN Miles?
Arbor Financial
Restrictions
3.40% 34 $250,000 -
Members First
Restrictions
3.26% 27 $1,000 -
Wildfire
Restrictions
3.25% 49 $500 -
Elga
Restrictions
3.25% 65 $25,000 -
Arbor Financial
Restrictions
3.15% 34 $125,000 -
Tlc Community
Restrictions
3.10% 42 $1,000 -
Elga
Restrictions
3.10% 55 $25,000 -
3.10% 29 $500 -
3.09% 6 $500 -
3.04% 30 $10,000 -
3.03% 30 $5,000 -
Elga
Restrictions
3.01% 27 $25,000 -
Members First
Restrictions
3.01% 15 $1,000 -
Frankenmuth
Restrictions
3.00% 37 $500 -
2.98% 27 $1,000 -
United Financial
Restrictions
2.90% 60 $500 -
2.89% 36 $500 -
Genisys
Restrictions
2.85% 30 $500 -
United
Restrictions
2.80% 16 $500 -
Elga
Restrictions
2.80% 42 $25,000 -
2.80% 23 $500 -
2.80% 13 $500 -
Credit Union One
Restrictions
2.79% 12 $100,000 -
Tlc Community
Restrictions
2.75% 18 $1,000 -
Arbor Financial
Restrictions
2.75% 34 $70,000 -
Elga
Restrictions
2.75% 30 $25,000 -
Honor
Restrictions
2.75% 55 $50 -
2.73% 24 $10,000 -
Wings Financial
Restrictions
2.73% 60 $90,000 -
Saginaw Medical
Restrictions
2.70% 18 $500 -
Frankenmuth
Restrictions
2.70% 21 $500 -
Financial Plus
Restrictions
2.70% 16 $500 -
Wings Financial
Restrictions
2.68% 60 $10,000 -
Preferred
Restrictions
2.66% 25 $1,000 -
Covantage
Restrictions
2.65% 13 $5,000 -
Credit Union One
Restrictions
2.63% 12 $25,000 -
Wings Financial
Restrictions
2.63% 60 $500 -
Genisys
Restrictions
2.61% 13 $500 -
2.60% 24 $500 -
Omni Community
Restrictions
2.60% 50 $1,000 -
Lake Michigan
Restrictions
2.60% 60 $500 -
4front
Restrictions
2.59% 13 $100,000 -
Saginaw Medical
Restrictions
2.55% 28 $500 -
Honor
Restrictions
2.55% 24 $50 -
2.53% 24 $500 -
Credit Union One
Restrictions
2.53% 12 $2,500 -
Wildfire
Restrictions
2.50% 14 $500 -
Advia
Restrictions
2.50% 25 $500 -
2.50% 13 $50,000 -
2.50% 13 $200 -
Community Choice
Restrictions
2.50% 30 $500 -
Wings Financial
Restrictions
2.48% 18 $5,000 -
Preferred
Restrictions
2.47% 15 $1,000 -
Advia
Restrictions
2.45% 10 $500 -
2.45% 7 $100,000 -
4front
Restrictions
2.44% 13 $1,000 -
2.43% 12 $500 -
Melrose
Restrictions
2.42% - $5,000 -
Frankenmuth
Restrictions
2.40% 13 $500 -
Elga
Restrictions
2.40% 18 $25,000 -
Lake Michigan
Restrictions
2.40% 14 $500 -
Intouch
Restrictions
2.40% 17 $1,000 -
Tri-cities
Restrictions
2.38% 36 $1,000 -
Peninsula
Restrictions
2.35% - $1,000 -
2.35% 18 $500 -
Omni Community
Restrictions
2.35% 38 $1,000 -
2.32% - $500 -
Dort
Restrictions
2.30% - $1,000 -
2.27% 18 $5,000 -
Wanigas
Restrictions
2.26% - $500 -
2.25% - $50 -
Arbor Financial
Restrictions
2.25% 17 $30,000 -
Covantage
Restrictions
2.25% - $1,000 -
Intouch
Restrictions
2.25% - $1,000 -
Financial Plus
Restrictions
2.25% - $500 -
2.22% 12 $10,000 -
2.22% - $1,000 -
Security
Restrictions
2.20% - $500 -
2.20% 13 $1,000 -
Case
Restrictions
2.20% - $500 -
Honor
Restrictions
2.20% 9 $50 -
Members First
Restrictions
2.16% - $1,000 -
2.15% - $1,000 -
Oakland County
Restrictions
2.12% 18 $250,000 -
Vibe
Restrictions
2.12% 18 $250,000 -
Members First
Restrictions
2.10% 11 $1,000 -
Team One
Restrictions
2.10% - $500 -
2.10% - $500 -
Genisys
Restrictions
2.10% - $500 -
2.10% - $500 -
Kellogg Community
Restrictions
2.10% - $500 -
Oakland County
Restrictions
2.07% 18 $100,000 -
Vibe
Restrictions
2.07% 18 $100,000 -
Elga
Restrictions
2.05% - $1 -
Port City
Restrictions
2.02% - $500 -
First General
Restrictions
2.02% - $1,000 -
Oakland County
Restrictions
2.02% 18 $500 -
2.02% - $500 -
2.02% - $500 -
Vibe
Restrictions
2.02% 18 $500 -
2.00% - $250 -
Service 1
Restrictions
2.00% - $500 -
Muskegon Co Op
Restrictions
2.00% - $500 -
Omni Community
Restrictions
2.00% 26 $1,000 -
Directions
Restrictions
2.00% - $500 -
Arbor Financial
Restrictions
2.00% 34 $500 -
Lake Michigan
Restrictions
2.00% 9 $500 -
Lafcu
Restrictions
2.00% - $500 -
1.92% 18 $100,000 -
Saginaw Medical
Restrictions
1.92% - $500 -
Tlc Community
Restrictions
1.90% - $1,000 -
Astera
Restrictions
1.90% - $500 -
1.90% - $500 -
Intouch
Restrictions
1.90% 7 $1,000 -
Family Financial
Restrictions
1.87% - $500 -
Filer
Restrictions
1.87% - $1,000 -
Wings Financial
Restrictions
1.86% - $500 -
Harborlight
Restrictions
1.85% - $500 -
Catholic
Restrictions
1.81% - $1,000 -
1.77% - $500 -
Selfreliance
Restrictions
1.76% - $500 -
1.76% 18 $1,000 -
Tba
Restrictions
1.76% - $500 -
Our
Restrictions
1.76% - $500 -
1.76% - $500 -
Unify Financial
Restrictions
1.75% - $1,000 -
Wildfire
Restrictions
1.75% - $2,000 -
Community West
Restrictions
1.75% - $500 -
Arbor Financial
Restrictions
1.75% 7 $70,000 -
1.75% - $1,000 -
1.71% - $500 -
Lake Huron
Restrictions
1.71% - $500 -
Journey
Restrictions
1.70% - $500 -
1.70% - $2,000 -
Gerber
Restrictions
1.65% - $1,000 -
Omni Community
Restrictions
1.65% 18 $1,000 -
Family First
Restrictions
1.61% - $1,000 -
Safe Harbor
Restrictions
1.61% - $500 -
Muskegon
Restrictions
1.51% - $500 -
Cp
Restrictions
1.51% - $500 -
Oakland County
Restrictions
1.51% - $500 -
Blueox
Restrictions
1.51% - $500 -
Vibe
Restrictions
1.51% - $500 -
American 1
Restrictions
1.51% - $50 -
Arbor Financial
Restrictions
1.50% 7 $30,000 -
Frankenmuth
Restrictions
1.50% - $500 -
Community Choice
Restrictions
1.50% 14 $500 -
Best Financial
Restrictions
1.30% - $500 -
Arbor Financial
Restrictions
1.25% 7 $500 -
1.21% - $1,000 -
Omni Community
Restrictions
1.20% - $1,000 -
Lake Trust
Restrictions
1.19% - $500 -
Baraga County
Restrictions
1.16% - $1,000 -
Forest Area
Restrictions
1.11% - $500 -
Michigan First
Restrictions
1.11% - $1,000 -
Preferred
Restrictions
1.06% - $500 -
1.00% - $2,000 -
1.00% - $1,000 -
St. Francis X
Restrictions
1.00% - $500 -
Advantage One
Restrictions
1.00% - $1,000 -
4front
Restrictions
1.00% - $1,000 -
United Financial
Restrictions
1.00% - $500 -
Arbor Financial
Restrictions
1.00% 7 $500 -
Alliance Catholic
Restrictions
1.00% - $500 -
South Central
Restrictions
1.00% - $1 -
Wexford Community
Restrictions
1.00% - $500 -
Public Service
Restrictions
0.95% - $500 -
0.92% - $500 -
0.91% - $200 -
Advia
Restrictions
0.90% - $500 -
0.90% - $500 -
Soo Co-op
Restrictions
0.90% - $500 -
Teachers
Restrictions
0.84% - $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 -
Northland Area
Restrictions
0.60% - $500 -
Community Focus
Restrictions
0.60% - $5 -
Tahquamenon Area
Restrictions
0.60% - $100 -
Copoco Community
Restrictions
0.60% - $1,000 -
0.60% - $1,000 -
Calcite
Restrictions
0.60% - $1,000 -
Meijer
Restrictions
0.55% - $500 -
United
Restrictions
0.50% - $500 -
Loc
Restrictions
0.50% - $500 -
Parda
Restrictions
0.50% - $500 -
0.50% - $500 -
Dfcu Financial
Restrictions
0.50% - $1,000 -
Community Choice
Restrictions
0.50% - $100 -
Kalsee
Restrictions
0.45% - $500 -
0.45% 22 $500 -
0.41% - $500 -
Adventure
Restrictions
0.40% - $500 -
My Personal
Restrictions
0.40% - $500 -
Kent County
Restrictions
0.40% - $500 -
0.35% - $500 -
0.35% 18 $500 -
0.35% - $500 -
Honor
Restrictions
0.35% - $50 -
Tri-county
Restrictions
0.35% - $500 -
0.30% - $500 -
Consumers
Restrictions
0.30% - $1,000 -
Fme
Restrictions
0.25% - $500 -
Arbor Financial
Restrictions
0.25% - $500 -
0.25% 9 $500 -
Tri-cities
Restrictions
0.25% - $1,000 -
0.15% - $500 -
0.10% - $500 -
Lake Michigan
Restrictions
0.05% - $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.


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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.

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