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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 - June 17, 2019

Advertiser Disclosure
Credit UnionS APY Months MIN Miles?
Dort
Restrictions
4.00% 25 $50,000 -
Wildfire
Restrictions
3.25% 49 $500 -
Elga
Restrictions
3.25% 65 $25,000 -
Kellogg Community
Restrictions
3.15% 29 $500 -
Teachers
Restrictions
3.12% 28 $1,000 -
Tlc Community
Restrictions
3.10% 42 $1,000 -
Elga
Restrictions
3.10% 55 $25,000 -
3.04% 30 $10,000 -
Members First
Restrictions
3.01% 15 $1,000 -
Arbor Financial
Restrictions
3.00% 52 $250,000 -
Frankenmuth
Restrictions
3.00% 37 $250,000 -
Kellogg Community
Restrictions
3.00% 19 $500 -
United Financial
Restrictions
2.90% 60 $500 -
Members First
Restrictions
2.90% 27 $1,000 -
Genisys
Restrictions
2.85% 30 $500 -
People Driven
Restrictions
2.80% 28 $500 -
Elga
Restrictions
2.80% 42 $25,000 -
Tlc Community
Restrictions
2.75% 18 $1,000 -
Arbor Financial
Restrictions
2.75% 52 $125,000 -
Elga
Restrictions
2.75% 30 $25,000 -
2.73% 24 $10,000 -
Wings Financial
Restrictions
2.73% 60 $90,000 -
United
Restrictions
2.70% 14 $500 -
Frankenmuth
Restrictions
2.70% 25 $250,000 -
2.70% 29 $500 -
4front
Restrictions
2.69% 30 $100,000 -
Wings Financial
Restrictions
2.68% 60 $10,000 -
Preferred
Restrictions
2.66% 25 $1,000 -
Wings Financial
Restrictions
2.63% 60 $500 -
2.63% 25 $1,000 -
Genisys
Restrictions
2.61% 17 $500 -
2.60% 24 $500 -
Omni Community
Restrictions
2.60% 50 $1,000 -
2.60% 23 $500 -
Honor
Restrictions
2.60% 18 $50 -
Saginaw Medical
Restrictions
2.55% 28 $500 -
2.55% 13 $500 -
4front
Restrictions
2.54% 30 $1,000 -
Wildfire
Restrictions
2.50% 14 $500 -
Advia
Restrictions
2.50% 25 $500 -
2.50% 13 $50,000 -
United Financial
Restrictions
2.50% 19 $500 -
Arbor Financial
Restrictions
2.50% 52 $70,000 -
Frankenmuth
Restrictions
2.50% 37 $150,000 -
2.50% 13 $200 -
Community Choice
Restrictions
2.50% 30 $500 -
Kellogg Community
Restrictions
2.50% 9 $500 -
4front
Restrictions
2.49% 13 $100,000 -
Wings Financial
Restrictions
2.48% 48 $5,000 -
Preferred
Restrictions
2.47% 15 $1,000 -
Advia
Restrictions
2.45% 10 $500 -
2.45% 7 $100,000 -
Frankenmuth
Restrictions
2.45% 25 $150,000 -
Financial Plus
Restrictions
2.45% 13 $500 -
Melrose
Restrictions
2.42% - $5,000 -
Wings Financial
Restrictions
2.42% 48 $10,000 -
Arbor Financial
Restrictions
2.40% 52 $30,000 -
Frankenmuth
Restrictions
2.40% 37 $100,000 -
Elga
Restrictions
2.40% 18 $25,000 -
Wings Financial
Restrictions
2.37% 48 $500 -
2.35% 18 $500 -
Omni Community
Restrictions
2.35% 38 $1,000 -
Arbor Financial
Restrictions
2.35% 25 $125,000 -
Frankenmuth
Restrictions
2.35% 25 $100,000 -
Lake Michigan
Restrictions
2.35% 25 $500 -
Intouch
Restrictions
2.35% 9 $1,000 -
4front
Restrictions
2.34% 13 $1,000 -
Dort
Restrictions
2.30% - $1,000 -
Frankenmuth
Restrictions
2.30% 37 $500 -
Case
Restrictions
2.30% - $500 -
2.30% - $500 -
2.30% - $500 -
Parda
Restrictions
2.27% 60 $500 -
Oakland County
Restrictions
2.27% 18 $250,000 -
Vibe
Restrictions
2.27% 18 $250,000 -
Wings Financial
Restrictions
2.27% 13 $500 -
2.27% - $1,000 -
Wanigas
Restrictions
2.26% - $500 -
Peninsula
Restrictions
2.25% - $1,000 -
Arbor Financial
Restrictions
2.25% 52 $500 -
Frankenmuth
Restrictions
2.25% 25 $500 -
Lake Michigan
Restrictions
2.25% 13 $500 -
Intouch
Restrictions
2.25% - $1,000 -
Oakland County
Restrictions
2.22% 18 $100,000 -
2.22% 12 $10,000 -
Vibe
Restrictions
2.22% 18 $100,000 -
Security
Restrictions
2.20% - $500 -
2.20% 13 $1,000 -
Honor
Restrictions
2.20% 9 $50 -
Oakland County
Restrictions
2.17% 18 $500 -
Vibe
Restrictions
2.17% 18 $500 -
Members First
Restrictions
2.16% - $1,000 -
2.15% - $50 -
Astera
Restrictions
2.15% - $500 -
Financial Plus
Restrictions
2.15% - $500 -
2.15% - $1,000 -
Members First
Restrictions
2.10% 11 $1,000 -
Team One
Restrictions
2.10% - $500 -
2.10% - $500 -
Genisys
Restrictions
2.10% - $500 -
Kellogg Community
Restrictions
2.10% - $500 -
2.08% - $500 -
Wings Financial
Restrictions
2.07% 36 $90,000 -
Elga
Restrictions
2.05% - $1 -
Family First
Restrictions
2.05% - $1,000 -
Port City
Restrictions
2.02% - $500 -
First General
Restrictions
2.02% - $500 -
2.02% - $500 -
2.02% - $500 -
Wings Financial
Restrictions
2.02% 36 $10,000 -
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% 13 $30,000 -
Covantage
Restrictions
2.00% - $1,000 -
Lafcu
Restrictions
2.00% - $500 -
Wings Financial
Restrictions
1.96% 36 $500 -
Frankenmuth
Restrictions
1.95% 7 $150,000 -
Saginaw Medical
Restrictions
1.92% - $500 -
Tlc Community
Restrictions
1.90% - $1,000 -
People Driven
Restrictions
1.90% 19 $500 -
Family Financial
Restrictions
1.87% - $500 -
Filer
Restrictions
1.87% - $1,000 -
Wings Financial
Restrictions
1.86% - $500 -
Frankenmuth
Restrictions
1.85% 7 $100,000 -
Harborlight
Restrictions
1.85% - $500 -
Catholic
Restrictions
1.81% - $1,000 -
1.77% - $500 -
Selfreliance
Restrictions
1.76% - $500 -
Oakland County
Restrictions
1.76% - $500 -
Our
Restrictions
1.76% - $500 -
Vibe
Restrictions
1.76% - $500 -
1.76% - $500 -
Gerber
Restrictions
1.75% - $1,000 -
Unify Financial
Restrictions
1.75% - $1,000 -
Wildfire
Restrictions
1.75% - $2,000 -
Adventure
Restrictions
1.75% - $500 -
Community West
Restrictions
1.75% - $500 -
Arbor Financial
Restrictions
1.75% 25 $500 -
Frankenmuth
Restrictions
1.75% 7 $500 -
1.75% - $1,000 -
Lake Huron
Restrictions
1.71% - $500 -
Journey
Restrictions
1.70% - $500 -
1.70% - $2,000 -
Omni Community
Restrictions
1.65% 18 $1,000 -
Safe Harbor
Restrictions
1.61% - $500 -
Muskegon
Restrictions
1.51% - $500 -
Cp
Restrictions
1.51% - $500 -
Blueox
Restrictions
1.51% - $500 -
American 1
Restrictions
1.51% - $50 -
Arbor Financial
Restrictions
1.50% 13 $500 -
Frankenmuth
Restrictions
1.50% - $500 -
Community Choice
Restrictions
1.50% 14 $500 -
1.40% - $500 -
Tba
Restrictions
1.36% - $500 -
Best Financial
Restrictions
1.30% - $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 -
Parda
Restrictions
1.00% - $500 -
4front
Restrictions
1.00% - $1,000 -
United Financial
Restrictions
1.00% - $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 -
0.85% - $500 -
Teachers
Restrictions
0.84% - $1,000 -
0.80% - $500 -
Credit Union One
Restrictions
0.80% - $2,500 -
0.80% - $500 -
Tahquamenon Area
Restrictions
0.75% - $100 -
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 -
Northland Area
Restrictions
0.60% - $500 -
Community Focus
Restrictions
0.60% - $5 -
Copoco Community
Restrictions
0.60% - $1,000 -
0.60% - $1,000 -
Calcite
Restrictions
0.60% - $1,000 -
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 -
Kalsee
Restrictions
0.45% - $500 -
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 -
Fme
Restrictions
0.25% - $500 -
0.25% 9 $500 -
Tri-cities
Restrictions
0.25% - $1,000 -
0.20% - $500 -
Arbor Financial
Restrictions
0.15% - $500 -
Lake Michigan
Restrictions
0.05% - $500 -
Credit Union One
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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