Image Courtesy: pixabay.com
Image Courtesy: pixabay.com
You are viewing rates from banks across Michigan
Below are the best six-month CD Rates from banks with branches in Michigan. Six-month CDs are considered short-term cds and the yield is comparable to savings and money market rates. You may want to consider opening a 6 month CD if you are concerned about savings rates dropping and don’t mind locking up your money for six months.
MI - July 31, 2025
6 Month CD National Average : 0.41% ?
| Banks | APY | MIN | MILES ? | |
|---|---|---|---|---|
|
4.75% 0.05% |
$2,500 $1 |
- |
Learn More
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Rate History: 5.25% → 5.00% → 4.75% |
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Cory,Baldwin | Oct 18, 2016 IF the Cd's our that high then way i'm i the last to find out what The apys are. Read More |
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4.71% |
$1,000 |
- |
Learn More
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Rate History: 3.05% → 4.86% → 4.71% |
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VINCEMUNIZ@Q.COM | Oct 16, 2020 HAVE BEEN CALLING YOUR MORTGAGE DEPARTMENT ON "ITIN" LOANS AND HAVE NOT GOT A HUMAN PERSON TO ANSWER OR RETURN MY PHONE CALLS. WHAT IS HAPPEN? PLEASE ADVISE. THANK YOU, Read More |
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4.50% |
$500 |
- |
Learn More
|
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Rate History: 5.30% → 5.20% → 4.70% → 4.30% → 4.50% |
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Dudley | Apr 18, 2018 Worst experience of my life. Did not fund and gave $25 to my own charity. Read More |
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4.50% |
$50,000 |
- |
Learn More
|
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Rate History: 4.50% → 4.75% → 4.50% → 4.30% → 4.50% |
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Geoffrey Christopher 1 | Nov 12, 2023 Finworth looks legit, but their online disclosures and incomplete and you cannot reach them by phone and they don't respond to inquiries. I am moving along and you should too. Read More |
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4.45% |
$1,500 |
- |
Learn More
|
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Rate History: 4.65% → 4.50% → 4.40% → 4.35% → 4.45% |
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m abram | Jul 4, 2025 Bread's current 6-month CD is 4.45%, not 4.35%. Read More |
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4.45% |
$5,000 |
- |
Learn More
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Early withdrawal penalty is 3 Months' Interest. |
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jp2 | Jul 1, 2022 not really an onllne bank. compare this interface that gives you no information with that of any other bank (I cannot even confirm the rate). cannot switch in and out of cds or np cds. just not an online b... Read More |
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4.41% |
$1,000 |
- |
Learn More
|
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Early Withdrawal Penalty is 90 days interest. |
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Az1 | Aug 26, 2022 Too slow to raise rates. Read More |
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4.40% |
$10,000 |
- |
Learn More
|
|
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Rate History: 4.51% → 4.40% → 4.35% → 4.30% → 4.40% |
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Neil | Dec 18, 2023 I submitted a CD application 18 months 5.50 APY over a week ago and my application was declined no reason was given, I have the funds in another bank for transfer, credit score over 800. I think the reason... Read More |
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4.40% 4.25% |
$50,000 $5,000 |
- |
Learn More
|
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6 Month Jumbo CD. |
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Matty H | Sep 22, 2023 Terrible bank. Terrible service. Not equipped to service customers outside Florida. Plays games with your taxes by issuing 1090s whenever. Really shouldn't be on this list or your radar. Avoid. Read More |
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4.40% |
$25,000 |
- |
Learn More
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Early Withdrawal Penalty is 90 days interest. |
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Frank M | Jul 3, 2023 A 2% early withdrawal fee on a 1-year CD is almost equally insane as a 270 day one. Read More |
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4.40% 3.75% |
$10,000 $2,500 |
- |
Learn More
|
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Rate History: 4.50% → 4.20% → 4.00% → 4.15% → 4.40% |
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LarryMass | Dec 8, 2020 Everyone here in Boston raves about Salem Five but it is shithole operation filled with nasty entitled people. As for this online savings product, the fees are ridiculous, the transfer charges are obnoxiou... Read More |
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4.35% |
$1,000 |
- |
Learn More
|
|
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Rate History: 3.50% → 4.50% → 4.75% → 4.65% → 4.35% |
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Savvysaver | Jun 26, 2020 Rate not current Read More |
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4.35% |
$500 |
- |
Learn More
|
|
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Rate History: 4.95% → 4.90% → 4.65% → 4.50% → 4.35% |
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JBaker65 | May 6, 2023 Fully functional bank account that would be great for my needs, but the quarterly interest payment thing is a real nuisance. I wish they would change it. It isn't market. Read More |
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4.34% |
$500 |
- |
Learn More
|
|
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No Penalty CD. |
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tjgarnett | Mar 2, 2024 Attracted to the name, but the service had too many steps so I didn't open an account. Read More |
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4.30% |
$1,000 |
- |
Learn More
|
|
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Rate History: 4.85% → 4.80% → 4.50% → 4.39% → 4.30% |
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|
4.28% |
$1,000 |
- |
Learn More
|
|
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Warning: Early Withdrawal Penalty is 180 days interest. |
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Beenthere | Jan 30, 2024 Have an IRA rollover, they don't take IRAs any longer. Read More |
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4.26% |
$1,000 |
- |
Learn More
|
|
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Early Withdrawal Penalty is 30 days. |
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ytr0171 | Jul 23, 2023 easy to work with but the rate isn't competitive. not even the leading savings rate banks are competitive versus short us treasuries. Read More |
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|
4.25% |
$500 |
- |
Learn More
|
|
|
Rate History: 3.35% → 4.25% |
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JohnC | Oct 11, 2020 You probably thought - as did I - that you were looking at a site that belongs to and was the responsibility of Gateway First. After all it includes their headings, selected financial statements, many pag... Read More |
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4.25% |
$500 |
- |
Learn More
|
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Early Withdrawal Penalty is 3 months interest. |
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4.20% |
$500 |
- |
Learn More
|
|
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Rate History: 4.50% → 4.30% → 4.20% → 4.10% → 4.20% |
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A Terkowitz | Feb 15, 2024 best bank on the list but no longer the most competitive Read More |
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4.20% |
$1,000 |
- |
Learn More
|
|
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Early Withdrawal Penalty is 90 days interest. |
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smithy1968 | Apr 20, 2024 Save your tears for another day. Very frustrating. 1-star. Read More |
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4.15% |
$500 |
- |
Learn More
|
|
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Rate History: 2.25% → 4.90% |
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Richard | Jul 1, 2022 Very easy opening process and wonderful staff. Read More |
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4.15% |
$2,500 |
- |
Learn More
|
|
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Rate History: 4.55% → 4.25% → 4.30% → 3.95% → 4.15% |
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HAL1975 | Aug 2, 2023 Sallie mae is just a horrible institution. We've done business with them before and swore on the holy bible not to go near there again, but a 18 mos cd at 5.55% brought us back. Read More |
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|
4.14% |
$1,000 |
- |
Learn More
|
|
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Rate History: 4.19% → 4.24% → 4.30% → 4.35% → 4.14% |
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kenbeckyreese@icloud.com | Feb 12, 2020 WILL YOU CASH MY EE SAVINGS BONDS? PLEASE ADVSE. Read More |
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4.10% |
$500 |
- |
Learn More
|
|
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Rate History: 4.70% → 4.50% → 4.30% → 4.20% → 4.10% |
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Jim S | Dec 21, 2023 Very easy to setup 6 month 5.35% CD from cornerstone account Read More |
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4.05% |
$1,000 |
- |
Learn More
|
|
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Rate History: 3.79% → 4.05% |
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4.05% |
$1,000 |
- |
Learn More
|
|
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Rate History: 5.00% → 4.65% → 4.30% → 3.79% → 4.05% |
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nonsense | May 21, 2021 avoid this Read More |
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4.00% |
$500 |
- |
Learn More
|
|
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6 Month CD. |
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BW | Jul 17, 2021 I've been with this bank for 6 months and have not had any problems. Bill pay works good. The 24 month investing CD is another vechile I use. Rates are above average considering the national rate. I'd reco... Read More |
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4.00% |
$2,500 |
- |
Learn More
|
|
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Rate History: 5.30% → 5.00% → 4.80% → 4.00% |
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overdrawn | Nov 12, 2022 I was shopping for deposit rates in August, and NerdWallet, a site I had previously trusted, had it on their list. I was unaware they took deposits. They are the only bank that ever duplicated a transactio... Read More |
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|
4.00% |
$1,000 |
- |
Learn More
|
|
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Early Withdrawal Penalty is 90 days interest. |
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|
Dkplan | Dec 27, 2022 They gave a hard time with their cashier's check. They returned my deposited check that was emitted by them. Could you believe? Read More |
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|
4.00% 3.75% |
$2,500 $2,501 |
- |
Learn More
|
|
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Rate History: 4.50% → 5.00% → 4.00% |
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Jim Doe | Oct 12, 2022 Service has always been satisfactory. They have my complete trust and endorsement. Great bank in my opinion. Read More |
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4.00% |
$500 |
- |
Learn More
|
|
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Rate History: 4.75% → 4.24% → 4.00% |
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|
4.00% |
$500 |
- |
Learn More
|
|
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Rate History: 5.00% → 4.75% → 4.00% |
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Mike Brown | Jul 6, 2023 This is an example of a bad bank. Their online process for purchasing a CD is horrible. You fill it out and it rejects it after all of your private information is disclosed. They there customer service is ... Read More |
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|
3.90% |
$1,000 |
- |
Learn More
|
|
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Early withdrawal penalty is one-fourth the amount of interest that would have been earned had CD been held to maturity. |
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|
smithy1968 | Mar 20, 2025 A non-customer-friendly organization that just switches between two contaminated brands trying to bring back some sort of goodwill that it had before it started selling fake foreign currency CDs in 2006 an... Read More |
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|
3.90% |
$0 |
- |
Learn More
|
|
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Rate History: 4.60% → 4.30% → 4.20% → 4.05% → 3.90% |
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|
Rad | Aug 13, 2023 Been a customer for a couple of years now with interesting checking, been a happy customer. They give you a $10 reimbursement on atm fees per statement cycle. They pay you to leave your money there curre... Read More |
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|
3.87% |
$2,500 |
- |
Learn More
|
|
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Early Withdrawal Penalty is 3 months interest. |
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JC | Jun 1, 2021 Update: STAY AWAY FROM THIS BANK! They have no clue how to run an online bank. This bank is not ready for prime time. Nothing but problems. Customer service is dismal at best. Read More |
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|
3.80% |
$0 |
- |
Learn More
|
|
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Early Withdrawal Penalty is 3 months interest. |
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NS123 | Mar 15, 2023 Thank you for the reviews above. I was wondering why I was only getting 0.3% when interest rates have gone up. Why CapitalOne360 is putting loyal and long time customers at a disadvantage is beyond me. ... Read More |
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|
3.80% |
$0 |
- |
Learn More
|
|
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Rate History: 4.25% → 4.20% → 4.00% → 3.90% → 3.80% |
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|
highstream | Jan 2, 2024 Like others, I've been with Capital One and its predecessor ING Direct since 2007. I've also been getting cheap bank rates on my savings account and didn't realize that there was something better, although... Read More |
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3.80% |
$0 |
- |
Learn More
|
|
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Rate History: 5.10% → 5.00% → 4.65% → 4.00% → 3.80% |
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LenaL | May 2, 2022 Barclays is the worst. Transfer speeds even worse than Synchrony now. Service is worse than anything. Save yourself the trouble of getting sucked into rates that are sometimes competitive and choose anythi... Read More |
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3.75% |
$1,000 |
- |
Learn More
|
|
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Rate History: 1.50% → 2.50% → 4.00% → 3.75% |
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not perfect but | Apr 25, 2023 with all of these online bank, including the well known ones, delaying transfers forever in order to fund these high rates, this one still executes inbound and outbound transfers immediately. Read More |
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3.75% |
$1,000 |
- |
Learn More
|
|
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Rate History: 4.00% → 3.75% |
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J Dally | Jun 13, 2023 I'll steer clear of Dollar Savings Direct and My Savings Direct until they guarantee users at both online divisions their best rates. Banks have the right to segment their customers yes, but these games w... Read More |
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3.75% |
$10,000 |
- |
Learn More
|
|
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Rate History: 4.00% → 3.75% |
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Treasure | Jul 24, 2023 BOFA is a den of people thieves camouflaged as bank operatives. There’s a soon to be uncovered carrel of money laundry there. They took all my money and don’t want to release it to me for no particular... Read More |
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3.70% |
$2,500 |
- |
Learn More
|
|
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Rate History: 4.35% → 4.25% → 3.90% → 3.70% |
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AVOID_ READ_CAREFULLY | Jan 10, 2024 AVOID at all costs. We read the addendum to the final page of the LENGTHY account agreement mailed to us after completing the online portion. Guess what? It gives this sweet seeming Discover Bank access to... Read More |
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3.70% |
$0 |
- |
Learn More
|
|
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Rate History: 4.80% → 4.40% → 4.20% → 3.90% → 3.70% |
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mcriss | Oct 23, 2023 Synchrony Bank recently closed 3 of my accounts with them and this decision was completely unwarranted. I had two Guitar Center cards and one Levin Furniture card. I found out about this through a push not... Read More |
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3.50% |
$2,500 |
- |
Learn More
|
|
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Rate History: 0.10% → 3.50% |
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dbestway@gmail.com | Aug 13, 2019 I filled out the application 10 days ago answering all questions and sent a file with a copy of my drivers license to Western Bank. I received an email saying that a banker would call me within one busines... Read More |
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3.35% |
$10,000 |
- |
Learn More
|
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Hello VirtualBank? | Dec 22, 2018 I know VirtualBank has monitored these comments in the past and answered here. This is important because they do not respond to questions submitted through the website. I am trying to find out the pena... Read More |
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3.00% |
$1,000 |
- |
Learn More
|
|
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Rate History: 0.65% → 3.00% |
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pagehelen2@gmail.com | Mar 10, 2021 Northpointe -- my most favorite bank -- held their rate when others dropped -- nice people to deal with -- and -- COURAGE + INTEGRITY. Read More |
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3.00% |
$1,000 |
- |
Learn More
|
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RTN1949 | Jun 2, 2022 I've been a customer since CIT emerged from the financial crisis as a real competitor in this space (14 years or so). Zero complaints about anything over this time ... until today. Now they are offering a... Read More |
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3.00% |
$0 |
- |
Learn More
|
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Rate History: 4.70% → 4.50% → 4.30% → 3.90% → 3.00% |
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Jenny Kingston | Jun 10, 2024 I guess customer service is in the US (not sure). I'd rather that someone in the Philippines answered though. These people are so poorly trained and ill informed that I do not trust them with my personal... Read More |
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3.00% |
$0 |
- |
Learn More
|
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Rate History: 4.65% → 3.75% → 3.50% → 3.25% → 3.00% |
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Azoic | Feb 25, 2022 I joined Citi with a Costco-VISA card. An Accelerate followed, and then a checking account. Costco-VISA is necessary for using a credit card at Costco, otherwise cash is necessary. Accelerate Savings w... Read More |
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3.00% |
$1,000 |
- |
Learn More
|
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Rate History: 0.65% → 3.25% → 3.00% → 3.20% → 3.00% |
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|
ruler009 | May 26, 2017 Before009 Read More |
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2.79% |
$1,000 |
- |
Learn More
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2.75% 0.05% |
$10,001 $10,000 |
- |
Learn More
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Rate History: 5.00% → 4.50% → 4.00% → 3.00% → 2.75% |
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Turonemckinney17@gmail.com | May 19, 2018 Experience Read More |
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2.50% |
$1,000 |
- |
Learn More
|
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Rate History: 5.25% → 4.65% → 4.55% → 3.45% → 2.50% |
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|
RYAN S | Nov 28, 2022 While USAA was at one point a great option for all your banking needs, the service has deteriorated so much that I'm currently in the process of changing banks after more than 2 decades. The final straw w... Read More |
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2.00% |
$25,000 |
- |
Learn More
|
|
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Rate History: 2.50% → 2.51% → 2.01% → 2.00% |
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Thy King | Feb 6, 2023 after over 100k in transactions through this bank in the course of a year not only did i suffer from fraud but this bank closed my accounts and i have been lliable for all the losses and to top it off with... Read More |
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1.81% |
$500 |
- |
Learn More
|
|
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Rate History: 1.87% → 1.82% → 1.81% → 1.92% → 1.81% |
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|
1.50% |
$10,000 |
- |
Learn More
|
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Rate History: 3.00% → 2.00% → 1.50% |
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Hayley7788d@outlook.com | Jan 2, 2023 Terrible customer service by investment side. Fees too high , too full of themselves Read More |
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1.00% |
$1,000 |
- |
Learn More
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0.80% |
$100,000 |
- |
Learn More
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0.75% |
$10,000 |
- |
Learn More
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0.75% |
$0 |
- |
Learn More
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Stella | Apr 30, 2019 No issues. I feel confident using them. Read More |
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0.65% |
$100,000 |
- |
Learn More
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0.55% |
$10,000 |
- |
Learn More
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0.50% |
$500 |
- |
Learn More
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0.50% |
$10,000 |
- |
Learn More
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0.50% |
$10,000 |
- |
Learn More
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0.40% |
$100,000 |
- |
Learn More
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0.40% |
$10,000 |
- |
Learn More
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0.40% |
$10,000 |
- |
Learn More
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Braden | Feb 1, 2023 Absolutely most horrible experience in my life I opened a large CD when I was living in Dearborn and let the interest accrue for about 6 years I knew how much the interest rate was and how much was in the ... Read More |
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0.35% |
$10,000 |
- |
Learn More
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0.35% |
$10,000 |
- |
Learn More
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0.35% |
$10,000 |
- |
Learn More
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0.35% |
$10,000 |
- |
Learn More
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0.35% |
$10,000 |
- |
Learn More
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0.30% |
$10,000 |
- |
Learn More
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0.30% |
$100 |
- |
Learn More
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0.30% |
$10,000 |
- |
Learn More
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0.25% |
$1,000 |
- |
Learn More
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blueangel | Jan 6, 2020 Worst customer experience ever. Had a issue with a fee that should not have been there because i had a checking and savings account. I was told once i signed up for checking that if they needed, they woul... Read More |
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0.25% |
$100,000 |
- |
Learn More
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0.25% |
$1,000 |
- |
Learn More
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0.25% |
$10,000 |
- |
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0.25% |
$10,000 |
- |
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0.25% |
$10,000 |
- |
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0.25% |
$10,000 |
- |
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0.25% |
$10,000 |
- |
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0.25% |
$10,000 |
- |
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0.25% |
$100,000 |
- |
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0.25% |
$10,000 |
- |
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0.25% |
$100,000 |
- |
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0.20% |
$10,000 |
- |
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0.20% |
$1,000 |
- |
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wertlkgt | Mar 28, 2022 Vaporware. Was approved to open an account. I logged in on several different browsers with differing rendering codes--each time got nothing but 3 circles running left to right for up to a half hour when I ... Read More |
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0.20% |
$1,000 |
- |
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0.20% |
$10,000 |
- |
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0.20% |
$10,000 |
- |
Learn More
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0.20% |
$10,000 |
- |
Learn More
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0.20% |
$10,000 |
- |
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0.20% |
$10,000 |
- |
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0.20% |
$10,000 |
- |
Learn More
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0.20% |
$10,000 |
- |
Learn More
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0.20% |
$100,000 |
- |
Learn More
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0.20% |
$10,000 |
- |
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0.20% |
$10,000 |
- |
Learn More
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0.20% |
$100,000 |
- |
Learn More
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me | Oct 13, 2021 Good for savers. Easy to transfer funds in and out, not paying high transaction processing $ or being limited to low amounts per day. Does not subject applicants to very much ID interrogation and apparent... Read More |
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0.17% |
$100,000 |
- |
Learn More
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Gloria Borchman | Jul 3, 2023 My niece and I have been customers of the Addison Oaks branch of Oxford Bank for 20 years. My niece is on my accounts and has a separate account of her own. We have performed the same transactions for 20... Read More |
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0.17% |
$10,000 |
- |
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0.15% |
$10,000 |
- |
Learn More
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UtahJazz1 | Jun 10, 2022 This bank hasn't raised their rates! Maybe I was sleeping but I need to get out of here fast. Read More |
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0.15% |
$2,500 |
- |
Learn More
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0.15% |
$500 |
- |
Learn More
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0.15% |
$1,000 |
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0.15% |
$10,000 |
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0.15% |
$10,000 |
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0.15% |
$10,000 |
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0.15% |
$10,000 |
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0.15% |
$10,000 |
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0.15% |
$10,000 |
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Gloria Borchman | Jul 3, 2023 My niece and I have been customers of the Addison Oaks branch of Oxford Bank for 20 years. My niece is on my accounts and has a separate account of her own. We have performed the same transactions for 20... Read More |
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0.15% |
$10,000 |
- |
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0.15% |
$10,000 |
- |
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0.15% |
$1,000 |
- |
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0.15% |
$10,000 |
- |
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me | Oct 13, 2021 Good for savers. Easy to transfer funds in and out, not paying high transaction processing $ or being limited to low amounts per day. Does not subject applicants to very much ID interrogation and apparent... Read More |
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0.10% |
$500 |
- |
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0.10% |
$10,000 |
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0.10% |
$500 |
- |
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0.10% |
$10,000 |
- |
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0.10% |
$10,000 |
- |
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J Geiger | Jun 14, 2022 Compliance officer possibly the rudest person ive every spoken with. Polices changing constantly. One week they do what you need the next week they wont. Complete mess. Not the old Thumb National rude and ... Read More |
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0.10% |
$10,000 |
- |
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0.10% |
$10,000 |
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jefflockwoodlaw2288@gmail.com | Jul 18, 2021 I have a neighbor whose mortgage is with ONB. I am licensed to practice law but I am not writing this review as a lawyer, but rather as a heads up if your spouse should happen to die while you owe any mone... Read More |
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0.10% |
$10,000 |
- |
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0.10% |
$10,000 |
- |
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0.10% |
$10,000 |
- |
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0.10% |
$1,000 |
- |
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0.10% |
$10,000 |
- |
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0.10% |
$10,000 |
- |
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0.10% |
$10,000 |
- |
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0.10% |
$10,000 |
- |
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0.10% |
$10,000 |
- |
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0.10% |
$100,000 |
- |
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Squittyrules83 | Sep 6, 2022 DO NOT TRUST THIS BANK. I caught them Ted handed trying to hold my funds through various methods even going so far as to not allow me to transfer my funds to another bank. I've been banking with them for... Read More |
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0.10% |
$10,000 |
- |
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0.05% |
$5,000 |
- |
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0.05% |
$2,500 |
- |
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Seeko | Mar 28, 2023 On line banking gives a confirmation number when paying bills. But it doesn’t confirm that the bill will be paid only that they have the information. Ridiculous. Read More |
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0.05% |
$10,000 |
- |
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0.05% |
$10,000 |
- |
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Savvy | Jul 17, 2020 Terrible experience trying to get a mortgage. I’ve got great credit, have gotten literally dozens of mortgages over the past 40 years. I completed an online application, waited a week and never heard a... Read More |
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0.05% |
$10,000 |
- |
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Squittyrules83 | Sep 6, 2022 DO NOT TRUST THIS BANK. I caught them Ted handed trying to hold my funds through various methods even going so far as to not allow me to transfer my funds to another bank. I've been banking with them for... Read More |
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0.05% |
$500 |
- |
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Ugg | Jun 12, 2023 US Bank reported me to dult Protective Services because my husband is 85 and I am63. He got sick and went into a nursing hime for 3 months. My husband always handled the financial affairs. I had to take ov... Read More |
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0.03% |
$25,000 |
- |
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GAM | May 18, 2019 Had checking and savings for years when living in Philly. Went into PNC 2.35 APY high yield savings. They have thus far maintained rate. Easy web site and great customer phone service. Still maintain check... Read More |
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0.01% |
$500 |
- |
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BestCashCow strives to maintain the most accurate rates. If you believe a rate is not accurate, please let us know.
Six month certificates of deposit (CDs) provide depositors with a short term vehicle for keeping money safe and earning interest. With a six month CD, depositors agree to leave their money in the account for six months in return for a fixed rate of interest over this period. While it is possible to withdraw the money earlier (breaking the CD) doing so comes with high interest penalties and is generally not advised.
In general, almost all brick-and-mortar banks provide CDs to their consumers. Opening one involves taking a trip to the branch although some banks allow CDs to be opened via the phone or online. In general, local banks discourage depositors from out-of-state to open accounts, although this is not a hard rule and if you see an attractive rate from a bank in another state, it is worth investigating the account opening policy. Online banks generally offer better rates on six month CDs but the accounts must be opened online. View online bank rates.
When interest rates are falling, it is often preferable to lock in high rates for an extended period of time with a longer-term CD. When interest rates are rising, depositors should avoid committing their money for long periods of time. To see interest rate trends, visit the BestCashCow rate analysis page.
All banks listed on BestCashCow are FDIC insured; BestCashCow.com strongly recommends that you stay within FDIC insurance limits and that if you are unsure of how the limits affect you, please visit the FDIC website.
To understand all of the income generating options available to a saver, please view the Income Generating Investments Comparison Chart.
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